Berger Paints prioritises sustainable growth, focuses on core segments
Kolkata, Jul 22 (PTI) Berger Paints India Ltd, the country's second-largest paint company, has reaffirmed its resilience amid intensifying competition and economic headwinds.
Addressing shareholders in the company's latest annual report, Rishma Kaur said, 'At the heart of Berger Paints' enduring success lies a single-minded commitment: to deliver a differentiated and superior experience to our customers. This is not a one-time exercise but a continuous endeavour grounded in research, innovation, and execution.' She stressed that Berger has never chased market share through 'unsustainable discounts or gimmicks,' adding, 'Our focus has always been on long-term value creation, building structures of confidence, systems of reliability, and a reputation grounded in integrity.' Outlining strategic priorities, Kaur said Berger's path ahead is anchored on deeper customer alignment, technology-led transformation through AI and digital tools, and continued focus on innovation and sustainable growth.
'We are also re-examining opportunities in our traditional core segments, where we see untapped potential for value enhancement,' Kaur said.
She further articulated her vision for the company to become 'the most admired Indian paint & coating solutions company with globally recognised innovations and competencies.
MD & CEO Abhijit Roy, in his message to shareholders, highlighted that despite macroeconomic pressures and rising competition, Berger delivered a resilient performance in 2024-25.
'We achieved a 1.7 per cent growth in total income from operations, with PAT growth at 6.2 per cent. Despite a sluggish external environment and pricing pressures, Berger Paints reported steady progress on all key financial and operational parameters,' Roy said.
He pointed out that the company's decorative paints segment, which contributes 80 per cent of total revenues, posted a 7.4 per cent year-on-year volume growth.
'Our market share tells a compelling story. From 18.9 per cent in FY 2021-22, we moved to 19.3 per cent, then to 19.5 per cent, and this year saw the sharpest increase, reaching 20.3 per cent,' he added.
Looking ahead, Roy expressed optimism about the future, stating, 'We foresee a strong resurgence in consumer demand, a decisive shift toward premiumisation, and accelerated adoption of digital and sustainable practices.' PTI BSM NN
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
25 minutes ago
- Time of India
With new energy, JSW Group gets ready to disrupt EV market
Sajjan Jindal-led JSW Group has set up a dedicated automotive vertical-JSW Motors. This will be an umbrella platform under which the group will launch passenger cars focussed on new energy vehicles at an investment of up to $3 billion over the next five years with launches set to begin in the second half of FY26. It will be separate from the group's joint venture with China's SAIC, JSW MG Motor India. JSW Motors is in talks with three-four companies across Italy, Germany, South Korea and China for collaborations to design and develop these cars, which will be sold under the JSW brand, newly appointed chief executive officer Ranjan Nayak told ET in his first media interview. All vehicles will be made in India, with the earmarked resources deployed for commissioning the manufacturing facility, research and development. JSW's automotive hub, spread across 630 acres, is coming up at Bidkin in Chhatrapati Sambhajinagar in Maharashtra. Elaborating on the expansion strategy, Nayak said JSW Motors is aiming to disrupt the domestic electric vehicle (EV) market by manufacturing "world class automotive products in the country" by leveraging the best technologies from across the globe, including Italy, Germany, South Korea and China, and combining that with India's own strengths in robust supply chain and digital integration. "We are looking at rapidly scaling up our in-house automotive technology, and not remain dependent on any external entity. Our integrated approach allows us to combine global excellence with local relevance, ensuring high performance, affordability and sustainability," Nayak said, adding, "Our first New Energy Vehicle (NEV) under the JSW badge will hit the roads in the second half of FY2026." Nayak said JSW Motors is drawing on "the unique strengths of industry-leading partners" from around the world, without specifying details of the companies it is collaborating with. "We will be combining the craftsmanship and aesthetics of Italian designers and the German precision in manufacturing and engineering with the advanced welding technologies from South Korea and China's expertise in electric propulsion systems, battery innovation and New Energy Vehicle (NEV) technologies with that of the Indian IT sector's deep capabilities in software and digital integration," said Nayak. He declined to share details of the investments the JSW Group has scheduled for its automotive venture. However, industry sources said the group has lined up an investment to the tune of $2-3 billion in its automotive business over the next five years. Similar to its strategy in the steel sector, JSW intends to "energize the auto ecosystem-spurring suppliers and competitors to rise with us" to accelerate India's shift to clean mobility and reduce its dependence on oil, said Nayak, who is also executive vice president and head, corporate strategy, JSW Group. "Our aim is to push New Energy Vehicle penetration to 50%, offering affordable, world-class electric, hybrid, and plug-in hybrid vehicles," he said. Nayak said China is at the forefront of EV and hybrid vehicle innovation and has become an integral part of the global automotive supply chain. As the world rapidly shifts toward sustainable mobility, technologies such as Plug-in Hybrid Electric Vehicles (PHEVs), pioneered by Chinese automakers, are redefining the industry landscape. By combining the best global technologies with India's own strengths, JSW Motors intends to bring high-quality, technologically advanced, energy efficient and environmentally responsible vehicles. This approach will deliver "unmatched value to Indian customers and propel the country towards a more secure, sustainable and self-reliant automotive future," he said. "Like global industry leaders-including those from Europe, America (like Tesla and GM), and Japan-we embrace relevant advancements from China and other innovation hubs, integrating them within India's ecosystem. Promoting EV, PHEV and hybrid technologies is also critical from an energy security standpoint." he said.
New Indian Express
25 minutes ago
- New Indian Express
Highways dept appeals Madras HC order to demolish two pillars of Avinashi road elevated flyover project
COIMBATORE: The Madras High Court ordered the Special Projects wing of the State Highways department officials (Coimbatore division) to demolish two pillars built for the ramps of the Avinashi Road elevated flyover project. The move comes after a landowner alleged that the construction of the pillars appears to favour a private star hotel on Avinashi Road. Meanwhile, the highways department has filed an appeal against the order. Justice Bharatha Chakravarthy observed that the pillars, originally spaced 30 metres apart, had been repositioned without structural justification. The judge ordered the demolition of the relocated pillars and reconstruction at the originally-sanctioned spots, citing risk to the structural integrity of the flyover. He also imposed a personal fine of Rs 1,000 each on two senior highways engineers, and directed that the relocated pillars be marked with the Tamil Nadu Government's motto "Vaaimaiye Vellum" (Truth Alone Triumphs), and be known as the "Pillars of Truth." The 10.1 km-long, Rs 1,621.3 crore flyover project, connecting Uppilipalayam and Goldwins, is one of Tamil Nadu's largest infrastructure undertakings. Originally, the project included five pedestrian subways at high-traffic points to ensure safe crossings under the flyover, as well as service roads to maintain access to properties alongside the corridor. Kathirmathiyon, secretary of Coimbatore Consumer Cause and a member of the Coimbatore District Road Safety Committee filed a Public Interest Litigation (PIL) against the highways department for omitting key pedestrian infrastructure and a service road in the ongoing Avinashi Road elevated flyover project. The PIL, filed before the Madras High Court, flags the silent removal of five approved pedestrian subways and the dropping of a service road near a private hotel, both of which were part of the original sanctioned plans.
Economic Times
25 minutes ago
- Economic Times
GNG Electronics IPO: Allotment status out today, here's how to check online
Here's how to check GNG Electronics IPO allotment status Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The allotment status for GNG Electronics' Rs 460.43 crore IPO is expected to be announced today. With the public issue attracting overwhelming investor response across categories and subscribing 150 times overall, market participants are keen to know who will receive shares ahead of its listing on July offer had seen intense bidding from all segments. Qualified institutional buyers subscribed their portion 266.21 times, while non-institutional investors bid 226.44 times. Even in the retail category, the issue was oversubscribed 47.36 times, signalling broad-based the back of this robust participation, GNG Electronics is trading at a grey market premium of around Rs 95 per share, implying a listing pop of nearly 40% over the issue price of Rs who applied for the IPO can check their allotment status online through the registrar's portal or via the BSE 1: Through the Registrar (Bigshare Services)Visit the Bigshare IPO allotment portalSelect 'GNG Electronics' from the dropdown PAN/Application numberOption 2: Via BSE WebsiteGo to the BSE IPO Allotment PageSelect 'Equity' and then choose 'GNG Electronics'Enter your application number and PANThose allotted shares can expect them to be credited in their Demat accounts by July 29. Refunds for applicants who did not receive allotment will also be initiated on the same date. The listing of GNG Electronics shares is scheduled for July 30 on both BSE and company, which operates in the refurbished electronics segment under the Electronics Bazaar brand, offers end-to-end services from sourcing and refurbishment to sale and after-sales client base spans 38 countries, and it operates over 4,000 touchpoints globally. Backed by strong growth in revenue and profitability over the past two years, the company has positioned itself as a prominent player in the circular economy-driven tech listing is being closely tracked as a potential breakout debut in the refurbished tech hardware space.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
