E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
search
  1. Home
  2. Realty Spotlight

Berger Paints Aims For 5% Value Growth In Q2 FY25

Berger Paints Aims For 5% Value Growth In Q2 FY25

BY Realty Plus
Published - Tuesday, 13 Aug, 2024
Berger Paints Aims For 5% Value Growth In Q2 FY25

Coating major Berger Paints India Ltd has implemented three price hikes since June, which are expected to boost its 'value' growth to around 5 per cent in the second quarter ending September 2024, while maintaining a volume growth target of at least 10 per cent.

Berger revealed that its next milestone is to double its turnover to Rs 20,000 crore by 2029, up from Rs 10,000 crore in FY2024. The company also plans to close down the Howrah plant and convert it into a larger R&D centre by the end of 2025, once the greenfield Panagarh facility in West Bengal becomes operational.

While the luxury segment was facing some pressure, construction chemicals and waterproofing segments are growing strong, he said. Berger's revenue from operations for the quarter ended June was Rs 2,806 crore, compared to Rs 2,740 crore in the corresponding quarter last year, marking a 2.4 per cent increase.

The company expects margins to remain at around 40 per cent gross margin and EBITDA at approximately 17 per cent for the ongoing quarter. The company's capacity will increase by 25 per cent by 2027 when the Panagarh and Odisha plants become operational.

The company has 30 acres of land at Panagarh, with commercial production expected to start by the end of 2025. Additionally, its Polish international operation, Bolix, is performing well despite energy shortages in Europe following the Ukraine war. Meanwhile, operations in Nepal are expected to improve this year after struggling for the last two years. At the end of the financial year, the company's consolidated turnover stood at Rs 11,199 crore, with standalone turnover crossing the Rs 10,000-crore mark, closing at Rs 10,003 crore.

RELATED STORY VIEW MORE

India’s Biggest Furniture Manufacturing Run by Women Carpenter
Morphogenesis’s Design & Build Company to Provide Turnkey Solution to Businesses
Piyush Gandhi's Strategies for Sustainable Offices on a Budget

TOP STORY VIEW MORE

Muscat Grand Mall Announces “Little India" Cultural & Retail Hub

Muscat Grand Mall has announced the launch of “Little India”, that will serve as a strategic gateway for Indian brands entering the GCC market.

07 May, 2025

What Are The Major Changes In Labor Compliance In 2025?

07 May, 2025

Zara's Largest Store Worldwide in Antwerp's Meir Corner

07 May, 2025

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online




Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

TERMS AND CONDITIONS

PRIVACY-POLICY

COOKIE-POLICY

GDPR-COMPLIANCE

SITE MAP

REFUND POLICY

Contact

Mediasset Holdings 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website