Despite posting a lower-than-expected profit for Q4, Berger Paints is hopeful of achieving reasonable decorative business volume growth going forward.
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.
Berger Paints has announced its fourth quarter results. In an interview with CNBC-TV18, Subir Bose, MD, Berger Paints says, the last quarter has been a good quarter for the company. He further says the company has increased its on May 1. “We are increasing our prices again on June 1,” he adds.
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.