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.
