Decorative business drives modest growth in topline Berger Paints reported Q3FY20 consolidated revenue of Rs. 1,696cr (+4.9% YoY; +6.1% QoQ). The company mainly derives its revenues from Decoratives (~80%) and Industrial paints (~20%). The muted growth in revenue was primarily driven by modest growth in Decorative business on account of late monsoons, early Diwali and general demand conditions. Also, Automotive business continued to be impacted by prolonged slowdown in the automotive sector. On the other hand, Protective coatings business witnessed robust growth during the quarter. As the automobiles sectors...