US EditionBerger Paints Expects Margin Stability Amid Rising Crude Prices
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Berger Paints Expects Margin Stability Amid Rising Crude Prices
Berger Paints India Ltd., the country's second-largest paint manufacturer, does not foresee any significant impact on its profit margins despite the recent surge in crude oil prices, according to a senior company official.Production of paint heavily depends on crude-based derivatives which are used as raw materials.Berger said the current pain is mostly covered with its previous price increases and is not considering any further hikes in the fes…
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