 "Berger Paints Q4 net profit declines 21% to Rs 75 crore")
The country’s second-largest paints company, Berger Paints, is hoping to double its turnover to Rs 20,000 crore in the next 5-6 years. The firm is expected to close FY23 with revenues of around Rs 10,000 crore.
Most of the growth would come from the domestic market, Abhijit Roy, managing director and chief executive officer, Berger Paints, said.
In H1FY23, Berger’s consolidated total income from operations stood at Rs 5,430.62 crore and Roy said that the company was on course to cross Rs 10,000 crore this financial year. In FY22, Berger clocked in a turnover of Rs 8,826.37 crore.
The growth