The Berger Paints management is considering setting up an integrated paint plant in Lucknow. In an interview with CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints discussed more details on the project.
Crude oil prices have hit a two-and-a-half year high. In an interview to CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints India spoke about the latest happenings in the company and gave his outlook for the future.
In an interview with CNBC-TV18, Abhijit Roy, MD & CEO of Berger Paints India spoke about the memorandum of understanding (MoU) that is signed with Chugoku Marine Paints.
"The company should close the year, FY17, with a topline of around Rs 2,300 crore, up about 15 percent from last year’s Rs 2,000 crore", ukumar Srinivas, MD of Shankara Buildpro told CNBC-TV18.
Speaking to CNBC-TV18's Latha Venkatesh at the biannual conference, Varnam, held in Bengaluru, paint sector head honchos said they are all expecting Union Budget 2017 to boost affordable housing and help them recover all the ground lost on account of demonetisation.
In an interview to CNBC-TV18's Sonia Shenoy & Reema Tendulkar, Varun Lohchab, MD & Head of Research at Religare Capital Markets, Abneesh Roy, Associate Director at Edelweiss Securities and Amnish Aggarwal, Senior VP-Research at Prabhudas Lilladher did review FMCG space for 2016 and how 2017 will pan out for the sector.
Abhijit Roy, MD & CEO of Berger Paints clarifies that the primary sale to dealers is not impacted but the demand from customers to dealers has reduced on back of concerns over availability of cash.
Aggressive distribution network expansion and increasing share of premium products would help Berger Paints grow faster than the industry rate, says MD & CEO Abhijit Roy.
Due to falling raw material costs, the company had taken steps to cut down the price of its products by 2-2.5 percent in FY16. However, a further cut in the prices seems unlikely, says Abhijit Roy, MD & CEO of Berger Paints.
The growth in third quarter is likely to better than the first two quarter of the fiscal on the back of upcoming festive season, said Abhijit Roy, MD & CEO, Berger Paints.
So far the company has derived 1.2-1.3% EBITDA to sales benefit from the drop in crude, said Abhijit Roy, Managing Director, Berger Paints.
Although Berger Paints has been carrying some inventory, company MD Abhijit Roy sees softening in raw material prices hereon. However, not all crude derivative inputs are beneficiaries of fall in crude prices, he says.
Abhijit Roy, MD, Berger Paints dismisses immediate price hike plans given softness in input prices. Although there is no material pick-up in volumes so far, the paint company is confident of achieving margins in the range of 11-12 percent on the back of their market share having improved to current 19-20 percent.
Berger Paints, a leading paint manufacturer acquired the business of Sherwin Williams. Abhijit Roy, MD & CEO of the company said that the acquisition will become EPS accretive from Q1 2014. The company is open to more acquisition going forward.
In an interview to CNBC-TV18, Abhijit Roy, chief executive officer of Berger Paints says there will be some improvement in profits possibly in Q3.
With the duty rejig from the Budget, the paint industry got a small boost. CNBC-TV18 caught up with Abhijit Roy, director and chief operating officer, Berger Paints for a chat on what the actually benefit is.
Subir Bose, managing director of Berger Paints India, speaking exclusively to CNBC-TV18 says that with the ongoing raw material price pressure, “the industry is most likely to bring a series of price increases.”
Subir Bose, MD of Berger Paints, in an interview with CNBC-TV18's Ekta Batra and Reema Tendulkar, spoke about the recent happenings in the company and the future ahead.