GOODLASS NEROLAC PAINTS-Higher Profitability

Larger Reliance on Imports Kumaran Pola BERGER PAINTS.INDIA, despite keen competition in the market, increased its net sales by IS per cent on annualised basis to Rs 85.34 crore during the year ended March 31, 1990, Operating profits increased at a lower rate of 3 per cent (annualised) due to escalation in raw material cost and non-availability of critical items. The company reduced the interest costs by 11 per cent on annualised basis which helped in increasing net profits by 39 per cent on annualised basis to Rs 1.76 crore