MoneyWorks4Me

Berger Paints plans to invest Rs 130 crore for expansion

08 Aug 2011 Evaluate

Berger Paints is likely to invest Rs 120-130 crore in FY12 to achieve its expansion plans, which include capacity-building and launching new products. The company plans to continue to make such investments over the next two-three years. The company will be launching three-four products in the premium segment.

The company had posted a 16.41% spike in net profit to Rs 37.16 crore for the June quarter compared to Rs 31.92 crore in same quarter last year. During the quarter, its net sales jumped by 30.28% to Rs 693.12 crore.

Peers
Company Name CMP
Asian Paints 2335.00
Berger Paints India 469.35
Kansai Nerolac Paint 178.10
JSW Dulux 3053.45
Indigo Paints 1017.80
View more..