Concrete

Berger Paints Reports Q2 Profit Dip

Profit drop attributed to raw material costs.

Published

7 months ago

November 8, 2024

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Berger Paints India posted a 7.61% decline in net profit for Q2 FY25, impacted by higher raw material costs and a challenging economic environment. The company’s profit after tax fell to Rs.221.5 crore compared to Rs.239.8 crore in the same period last year, marking a notable dip for the paint manufacturer amidst fluctuating market conditions.

Revenue for the quarter, however, showed resilience with a 5.3% increase, reaching Rs.2,568.9 crore, driven by steady demand in urban and semi-urban regions. Despite revenue growth, margins were under pressure due to rising input costs, primarily in raw materials such as titanium dioxide and packaging expenses, which have seen price hikes globally. Berger Paints noted that while there has been an increase in decorative and industrial paint sales, it has been offset by the strain on profitability.

To mitigate future cost impacts, Berger Paints is implementing strategic cost-cutting measures and focusing on operational efficiencies. Additionally, the company is exploring price adjustments in its product lines to pass on a portion of the cost burden to end consumers, though it remains cautious of demand sensitivity. Berger Paints also aims to expand its product range in the premium paint segment and strengthen its supply chain to better manage costs.

The Indian paint industry continues to experience demand, driven by housing and infrastructure growth, yet companies face headwinds from cost volatility. Berger Paints remains optimistic about the long-term outlook and aims to maintain growth momentum by leveraging its distribution network and investing in sustainable and high-quality product innovations.

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Concrete

Star Cement launches ‘Star Smart Building Solutions’

Published

24 hours ago

June 17, 2025

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Star Cement has launched ‘Star Smart Building Solutions,’ a new initiative aimed at promoting sustainable construction practices, as per a recent news report. This venture introduces a range of eco-friendly products, including tile adhesives, tile cleaners and grouts, designed to enhance durability and reduce environmental impact. The company plans to expand this portfolio with additional value-added products in the near future. By focusing on sustainable materials and innovative building solutions, Star Cement aims to contribute to environmentally responsible construction and meet the evolving needs of modern infrastructure development.

Image source:https://www.starcement.co.in/

Concrete

Nuvoco Vistas reports record quarterly EBITDA

Published

24 hours ago

June 17, 2025

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Nuvoco Vistas reported its highest-ever quarterly consolidated EBITDA of Rs.556 crore in Q4 FY25, with annual EBITDA at Rs.1,391 crore. Cement sales reached 19.4 MMT in FY25, with Q4 contributing 5.7 MMT. Revenue rose 4 per cent YoY to Rs.3,042 crore in Q4. Net debt reduced by Rs.390 crore to Rs.3,640 crore. The company received NCLT approval for acquiring Vadraj Cement, targeting 31 MMTPA capacity by FY27. Key marketing initiatives, expanding RMX and MBM businesses, and a focus on sustainability (457 kg CO2/tonne) drove performance. Nuvoco remains focused on premiumisation, operational efficiency, and market expansion.

Image source:nuvoco.com

Concrete

UltraTech Cement increases capacity by 1.4Mt/yr

Published

24 hours ago

June 17, 2025

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UltraTech Cement has expanded its production capacity by 1.4 million tonnes per annum (Mt/yr) through a combination of debottlenecking efforts and operational efficiency upgrades across several of its plants. The enhancements include an addition of 0.6Mt/yr in grinding capacity at the Nagpur facility in Maharashtra and a combined 0.8Mt/yr at the Panipat and Jhajjar units in Haryana. With these upgrades, the company’s total domestic grey cement capacity has risen to 184.8Mt/yr, while its global capacity now stands at 190.2Mt/yr.