Berger Paints India Ltd has announced that its net profit has witnessed a marginal dip of 3.58% in financial year 2009.

In the latest fiscal, the company has recorded a net profit of Rs 88 crore as compared to a net profit of Rs 92 crore in the previous financial year.

However, company's sales during financial year 2009 surged by 12.5% which stood at Rs 1514 crore against Rs 1346 crore in the previous corresponding period.

The company has attributed the decline in profit to high raw material prices in the first half and the slowdown in economy in the second-half.

Further, company's board has recommended a dividend of 30% per equity share with a face value of Rs 2 each.