Berger Paints aims three-year revenue of Rs 10,000 crore
Paint

Berger Paints aims three-year revenue of Rs 10,000 crore

Berger Paints, the country's second-largest decorative paint manufacturer, plans to reach a consolidated turnover of Rs 10,000 crore when it celebrates its 100th anniversary in three years.

It generated a turnover of around Rs 6,800 crore in FY21.

Though Berger is expanding its international presence, the Indian market will be the primary driver of growth, with the decorative, protective, and construction chemicals segments serving as the primary drivers.

According to Abhijit Roy, managing director and chief executive officer of Berger Paints, it's doable. Berger will celebrate its 100th anniversary in 2023-2024, with a target of Rs 10,000 crore in revenue.

Berger has raised its prices in response to rising raw material costs. Since May, the company has implemented a series of price increases, the most recent of which is set to take effect on September 1. Berger's first-quarter standalone net profit was Rs 135.09 crore, down from Rs 184.69 crore the previous quarter.

Berger is banking on three big opportunities to meet its turnover target on the business side. Berger is looking to fill distribution gaps in the decorative segment, which is its core competency.

Bolix will drive the international expansion of the company, which will primarily focus on external thermal insulation coatings. It has already appointed distributors in France and Switzerland as part of its expansion strategy.

Bolix Europe now controls Russia, Poland, the United Kingdom, and, eventually, France and Switzerland, according to Roy.

Berger acquired Bolix SA, a leading provider of external insulation finishing systems, in Poland in 2008. Berger's entry into the European Union market was marked by this acquisition.

Image Source


Also read: Kamdhenu Group to invest Rs 200 cr to expand paint business

Also read: Berger Paints Q1 results: Net profit at Rs 140 crore

Berger Paints, the country's second-largest decorative paint manufacturer, plans to reach a consolidated turnover of Rs 10,000 crore when it celebrates its 100th anniversary in three years. It generated a turnover of around Rs 6,800 crore in FY21. Though Berger is expanding its international presence, the Indian market will be the primary driver of growth, with the decorative, protective, and construction chemicals segments serving as the primary drivers. According to Abhijit Roy, managing director and chief executive officer of Berger Paints, it's doable. Berger will celebrate its 100th anniversary in 2023-2024, with a target of Rs 10,000 crore in revenue. Berger has raised its prices in response to rising raw material costs. Since May, the company has implemented a series of price increases, the most recent of which is set to take effect on September 1. Berger's first-quarter standalone net profit was Rs 135.09 crore, down from Rs 184.69 crore the previous quarter. Berger is banking on three big opportunities to meet its turnover target on the business side. Berger is looking to fill distribution gaps in the decorative segment, which is its core competency. Bolix will drive the international expansion of the company, which will primarily focus on external thermal insulation coatings. It has already appointed distributors in France and Switzerland as part of its expansion strategy. Bolix Europe now controls Russia, Poland, the United Kingdom, and, eventually, France and Switzerland, according to Roy. Berger acquired Bolix SA, a leading provider of external insulation finishing systems, in Poland in 2008. Berger's entry into the European Union market was marked by this acquisition. Image Source Also read: Kamdhenu Group to invest Rs 200 cr to expand paint business Also read: Berger Paints Q1 results: Net profit at Rs 140 crore

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?