In a bid to become a Rs 10,000-crore company in its centenary year of operations in 2023, Berger Paints India is planning to achieve Rs 8,000 crore turnover in the current fiscal (FY22). The company had clocked a revenue of around Rs 6,800 crore in the last financial year.
The company has mostly covered the input cost rise with the price hike of its paints in the last few months. The operating margin for the current year will be anywhere between 16-18 per cent. The company has introduced 6-6.5 per cent price hike in the last few months in the decorative segment which accounts for 82 per cent of the total revenue. Such measures have been taken in the industrial products but the process is not yet completed.
Berger paints India is the second largest paint company in India.
| Company Name | CMP |
|---|---|
| Asian Paints | 2463.40 |
| Berger Paints India | 468.80 |
| Kansai Nerolac Paint | 203.05 |
| JSW Dulux | 2930.65 |
| Indigo Paints | 839.55 |
| View more.. | |
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