Berger Paints hopes to close FY23 with Rs 10K-cr sales amid strong demand

Despite inflationary headwinds, Berger Paints posted its best ever quarterly sales in Q1 of FY23 in terms of volume and value

Riding on strong demand, Berger Paints India — the country’s second-largest paints company — expects to close FY23 with consolidated sales of Rs 10,000 crore.

The first Berger factory was established in Howrah, West Bengal, in December 1923. To coincide with its 100 years, the company had set a sales target of Rs 10,000 crore for FY24.

But Abhijit Roy, managing director (MD) and chief executive officer (CEO), believes that it would be achieved ahead of time — by March 2023. This is in the wake of the growth momentum. In FY22, Berger clocked a turnover of Rs 8,826.37 crore.

“We expect demand