Berger Paints aims to maintain their profit margins at 17% and is also optimistic about achieving double-digit volume growth in the fiscal year 2025.
Abhijit Roy the MD & CEO of Berger Paints India believes that lower crude prices will benefit the company's margins. He expects to see a further decrease in crude prices and anticipates that the impact of this will be seen in the third quarter. Around 35-40% of the raw material used by the paint industry will be affected by the lower crude prices. However he does not foresee any major impact on the paint industry in the near future.
#bergerpaints #crudeoil #crudepricefall
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