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Covid Surge Won’t Delay New Launches, Capex For Berger Paints
Berger Paints is cautious about a recovery in rural demand after the second Covid-19 wave.
28 May 2021, 03:35 PM IST
Berger Paints Ltd. managed to grow as fast as its larger peer Asian Paints Ltd. in the last two years despite the pandemic hurting the economy in the past 15 months. But the company is now cautious about a recovery in rural demand after the second Covid-19 wave. Yet, it won’t delay new launches and capex.Revenue of Berger Paints grew at an annualised rate of 15% in the last two fiscals compared with 16% for Asian Paints. The quarter ...
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