Berger Paints plans to expand its capacity to 1.6 lakh tonnes per month from the current 95,000 tpm and double its revenue to ₹20,000 crore in six months. The company has set a revenue target of about ₹11,700 crore for FY24 against ₹10,600 crore achieved in the previous fiscal. The company plans to shift the Howrah plant to Panagarh as the surrounding region has become a residential area. Berger Paints plans to enhance its dealers’ network in the western and southern markets as production capacity increase. Normally, industrial and decorative paints are almost equal globally, but in India, it is very distorted in favour of decorative.

Source: The Hindu August 13, 2023 09:52 UTC