Berger Paints to expand production capacity in Assam
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Kolkata: Berger Paints India Ltd on Wednesday announced that it is expanding its manufacturing capacity in Assam even before its factory in the state at Naltoli near Tezpur has been commissioned.
The company said its British Paints Division is building a facility at Nalbari near Guwahati in Assam to produce distemper (a variety of decorative paint) and wall putty. Berger’s Naltoli factory will start production in January.
These units are expected to boost sales and improve margins in the north-eastern states—markets that were previously fed by the company’s factory at Rishra in the suburbs of Kolkata.
Alongside, the company announced a 54.6% jump in its net profit in the June quarter to Rs.120.3 crore from Rs.77.8 crore a year ago on the back of a 10.6% increase in revenue.
The company’s revenue in the quarter till 30 June was at Rs.1,246.1 crore compared with Rs.1,126.3 crore a year ago. Higher growth in sales of premium products and softening of raw material costs led to the spurt in net profit, said Abhijit Roy, Berger’s managing director and chief executive officer.