Berger Paints India Ltd posted a subdued financial performance for the December quarter, with net profit declining 1.6% year-on-year (YoY) to ₹295 crore from ₹299.7 crore in the same period last year.

The company’s revenue, however, saw a modest 3.2% YoY increase to ₹2,975 crore, compared to ₹2,881.8 crore in Q3FY24.

At the operating level, EBITDA declined 1.7% YoY to ₹471.8 crore from ₹480 crore in the year-ago period. EBITDA margin contracted to 15.9% from 16.7% a year earlier, reflecting higher input costs and competitive pressures in the market.

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Ahead of its earnings announcement, shares of Berger Paints closed 2.65% lower at ₹471.75 on the BSE.

The company remains India’s second-largest paint manufacturer, offering a diverse range of decorative and industrial coatings. It also provides painting services under the “Berger Express Painting” initiative.