Berger sees 8% hike cushioning margins

The second-largest decorative paint maker in the country raised prices thrice in the last quarter with an aggregate impact of 8% and Bose doesn’t see prices being raised anytime soon.

“There is a pressure on margins as raw material inflation is continuing. But we have been successful in raising prices —thrice in the first quarter —and so in another three months we would be able to stabilise our margins,” Bose told reporters after the annual general meeting of the company.

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