Volumes have picked up and second half of FY17 should be better, says Berger Paints ' MD & CEO Abhijit Roy in an interview to CNBC-TV18. He expects growth rate of Berger to be higher than the industry helped by aggressive distribution network expansion and increasing share of premium products. The company currently has market share of roughly around 16-17 percent and is the second largest player in the decorative paints segment. Volume growth in Tier III cities, which had mellowed down from 15-16 percent earlier has regained traction and Roy expects them to grow faster than average 8-9 percent growth seen in urban cities. He expects margins to be stable if crude continues trading between USD 40-50 a barrel. Beyond USD 55-60, though, there could be some impact, he says. On marketing spends, he says, it is required to gain market share and the company will continue to expend on it.
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