Berger Paints profits rise 11%

Berger Paints India Ltd posted an 11 per cent rise in consolidated net profit to Rs 49 crore for the quarter ended December 31, 2011, as against Rs 44 crore during corresponding period last fiscal. On a standalone basis, net profit rose 22 per cent to Rs 45 crore. Net sales rose 26 per cent to Rs 781 crore. Shares of Berger Paints rose 2.20 per cent to close at Rs 97.50 on the BSE on Tuesday. –