In order to increase its sales, Berger Paints intends to invest Rs 2,700 crore over the following 5–6 years.

In order to sustain growth, the company intends to increase capacity in Bengal, Odisha, and the western region of the nation as well as through brownfield expansion.

In 2022–2023, Berger Paints reported a combined income from operations of Rs 10,568 crore. Within this, the protective coating industry has surpassed Rs 1 billion in sales, and building chemicals, together with subsidiary STP Ltd, have also generated close to Rs 1 billion in earnings.

On a consolidated basis, we crossed Rs 10,000 crore last year. Inspite of rising competition, we are quite confident of maintaining our growth rate and we expect in the next 5-6 years, we would be able to double our sales from the current level of Rs 10,000 crore to Rs 20,000 crore,” Abhijit Roy, MD and CEO, Berger Paints, told shareholders at the company’s 99th annual general meeting virtually held on Friday.

It took us almost 100 years to reach Rs 10,000 crore and if we are going to add another Rs 10,000 crore in the next 5-6 years we need to have the capacity for supplying the market,” he said.