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Berger Paints planning Rs 200 crore capex for FY18: Report

Berger Paints India is reportedly planning to invest Rs 200 crore as capex for FY18. Of total, the company will spend Rs 40 crore towards setting up an emulsion unit in Howrah (Kolkata's twin city), while Rs 20 crore will be invested towards setting up a colorant unit at Rishra, some 35 km from the city. Moreover, the company will spend Rs 60 crore as investment towards its Jejuri plant in Pune. The remaining will be used across its other units.

The company, meanwhile, reported nearly 8 per cent decline in standalone net profit to Rs 105 crore, for the quarter ended June 2017. Net profit in the corresponding quarter was Rs 114 crore.

Berger Paints India is the second largest paint company in India with a gross turnover of more that Rs 5,000 crore. It is present in all segments of paint including decorative, automotive, industrial, protective and powder coatings.

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