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February 26, 2021
Abhijit Roy, MD and CEO, Berger Paints×
Investing ₹120-150 crore to shore up capacities with greenfield and brownfield expansion
The country’s second largest paint-maker, Berger Paints India Ltd, is eyeing “good growth” in the January to March quarter and subsequent ones, on the back of continued demand pick-up in upcountry markets and following demand revival for non-decorative paint categories.
Contributions from “adjacencies business” an 18-month-old vertical the company started investing in following an acquisition (of STP Ltd) and by bringing in a brand ambassador (Akshay Kumar) have seen growth across key markets, adding to the top line and bottom line.