India's second-largest paints company, Berger Paints has said that its consolidated net profit has risen 19 per cent to Rs 44 crore during the first quarter of the current financial year till June 2012.

The net sales of the company stood at Rs 803 crore during the first quarter of the year compared to Rs 693 crore recorded in the same quarter of the previous year. The Kolkata based company has said that it is planning to double its capacity to 42,000 tonnes per month during 2013 and it will invest about Rs. 140 crore for achieving this target.

Abhijit Roy, managing director and chief executive officer said that the company will add 5000 tonnes of capacity to its plant in West Bengal as well as that in Goa. The company will invest Rs. 30 crore in each plant for capacity expansion. The capacity expansion plans at its Hindupur plant will cost Rs. 80 crore.

Berger Paints is also planning to expand its distribution channel from the existing 12,000 dealers to 16,000 in the next four years. Its goal is to emerge as one of the top 25 paint companies in the world.

The shares of Berger Paints rose 8.6 per cent to Rs 148 after touching a low of Rs 135.95 and a high of Rs 149.20 till the time of reporting this morning.