Berger Paints just put out the dullest quarter in a long time and that didn’t include the worst of the lockd – Business Insider India

The total revenue was down 8% YoY to 1,354.8 crore during the period. The companys board has recommended a dividend of 0.30 per equity share.

This time along with the coronavirus crisis, the prolonged monsoons and floods in different states impacted decorative paints adding to woes of the paint maker. Yet, the stocks have ridden a wave of hope over in the last one month.

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According to Statista, Berger Paints owns a little over 12% of the paint market share in India.

Indias sanitiser market is expected to touch 500-crore mark this year all thanks to the coronavirus woes. In the times of new normal, paint companies are expecting a good demand for the health and hygiene ranges. Berger paints also introduced its antimicrobial powder coatings for usage in the medical industry to restrict the spread of infection as much as possible.

SEE ALSO: Asian Paints and Bergers earnings will show if people will risk renovators inside their homes until then its sanitisers to the rescue

Asian Paints shareholders had a fear that Goldman Sachs just confirmed Indians will not rush to do up their homesAdvertisement

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Berger Paints just put out the dullest quarter in a long time and that didn't include the worst of the lockd - Business Insider India