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Berger Paints eye buyouts in home as well international markets

04 Jul 2012 Evaluate

Berger Paints, one of the leading paint companies in India is looking around for ‘suitable’ acquisitions and so has appointed merchant bankers for exploring potential targets, both in the country as well as overseas.

The company entered into Poland through an acquisition of a leading provider of External Insulation Finishing Systems (EIFS), Bolix SA, worth $34.8 million. Berger Paints also has its presence in Russia and Nepal through subsidiaries.

The company’s sales figure registered growth of 26.25% at Rs 682.70 crore for the March 2012 quarter as compared to Rs 540.75 crore during the year-ago period. Net profit growth of 29.65% reported above the corresponding previous quarter figure of Rs 37.64 crore to Rs 48.8 crore. Meanwhile, operating profit margin for Q4FY12 decreased to 11.72% as compared to 12.13% of corresponding quarter ended March 2011.

Berger Paints India Share Price

460.75 -7.65 (-1.63%)
24-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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