Mangalam on Berger Paints' Q1FY20 numbers

A good set is expected from Berger Paints India and that’s what the street is working with because the management had told us during the quarter as well. We are working with a revenue growth of around 11.3 percent; Rs 1,650 crore is what the street is working with, the EBITDA likely to jump because oil prices are off their peak so we expect a margin close to around 15.5 percent