Berger Paints India will invest ₹200 crore as capex for FY-18, its MD and CEO, Abhijit Roy said on Friday, on the sidelines of their 93rd annual general meeting.
While ₹40 crore will go towards setting up an emulsion unit in Howrah (Kolkata’s twin city), another ₹20 crore will be towards setting up a colorant unit at Rishra, some 35 km from the city.
Another ₹60 crore will go 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 ₹105 crore, for the quarter ended June 2017. Net profit in the corresponding quarter was ₹114 crore.
Total income, during the quarter, increased by 9 per cent to ₹1,273 crore.
“Profit and margins were impacted because of increased raw material prices,” he said.
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