Berger Paints India expects Rs 200 bn turnover in next 5-6 years

20 Jan 2023 CW Team

In the next five to six years, Berger Paints, the second-largest paint manufacturer in the nation, hopes to double its revenue to Rs 200 billion. It is anticipated that the company would end FY23 with revenues of roughly Rs 100 billion.

The company expects that the majority of the growth would come from the local market.

Berger's combined total operating income for H1FY23 was Rs 54.30 billion.,The company was on track to surpass Rs 100 billion this fiscal year. Berger reported a revenue of Rs 88.26 billion for FY22.

Berger's ambitions for growth would be in charge of the development. The company will soon begin construction on its largest plant in Uttar Pradesh (UP); Odisha and Panagarh in West Bengal will follow. The business was looking for a 40–50 acre land in Odisha. The expansion and investment in Odisha would happen in stages. It might start out smaller than UP, but there would be a possibility for growth.

The plant's initial investment in UP was set at Rs 7.25 billion, and it was then increased to Rs 10.15 billion. Although it would also offer industrial and building chemicals, it would primarily serve the ornamental market. Berger stated in an investor presentation that the facility could potentially expand capacity by around 33%.

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