Capacity expansions and extensive distribution to drive revenue growth:Berger Paints India Ltd. (BPIL) has recently commissioned water based paintsmanufacturing unit at Hindupur, Andhra Pradesh in FY15. The production from this plant is ramping up towards full scale utilization which elaborates BPIL's focus on premium products to improve product mix for better margins. In India, BPIL has an extensive distribution network of 18000+ dealers growing with an annual pace of ~ 14% to increase customer reach. We expect net sales to grow with a CAGR of ~ 13% in FY15-FY17E period.