New Delhi, Aug. 5 -- Berger Paints India Ltd, the second-largest paints manufacturer in the country, expects a gradual recovery in demand and pricing in the ongoing fiscal quarter following early shoots of recovery in the June quarter.

This comes after weak demand and an accident at a factory erodedBerger Paints's profit by over a tenth during the April-June period.

"The gradual and sequential improvement in domestic demand indicators and improving momentumin key markets are positive signs which were interrupted by the inclement weather but will recover in short order," Abhijit Roy, managing director and chief executive of Berger Paints, said in a press statement.

The Kolkata-based company continued to gain market share and currently h...