Berger paints India is aiming to double its revenue to Rs 20,000 crore by 2028-29. As per the company, to achieve it the company will need to expand its capacity to 1.6 lakh tonnes per month from the current 95,000 tonnes per month. The company has achieved its Rs 10,000 crore revenue target a year ahead of the target in FY23. The company plans to invest Rs 2,700 crore in greenfield and brownfield expansion projects over the next 5-6 years.
The capacity expansion will enable the company to maintain its 14 percent year-on-year growth. Berger Paints has outlined a plan for three greenfield facilities - one in Panagarh (West Bengal), another in Odisha and the third in western India but the site has not been finalised. The expansions will be primarily funded through internal accruals.
Berger paints India is the largest paint company in India.
