Berger Paints misses Q2 profit estimates as raw material inflation squeezes margins
· livemint.com
Berger Paints’ September-quarter profit rose 5% to ₹216.88 crore, missing analyst estimates as raw-material costs surged faster than prices. Revenue grew 13.2%, while gross margins narrowed.
Mumbai: Berger Paints India Ltd missed September-quarter profit estimates as a sharp rise in raw material costs outpaced price increases, squeezing margins at t...