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Asian Paints net profit plunges 43% on weak demand, revenue down 5%
The New Indian Express
|November 10, 2024
NEW DELHI: The country's largest paint-maker Asian Paints on Saturday reported a steep 43% year-on-year plunge in consolidated net profit at ₹694.64 crore, down from ₹1,205.42 crore a year earlier on weak demand, which though fell by 5.3% to ₹8,003.02 crore in the September quarter.
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Managing director Amit Syngle pointed to the weak consumer demand and adverse weather conditions as key factors affecting performance. He said the industry faced muted demand during the reporting period with domestic decorative coatings volume falling by 5.5% due to sl
Diese Geschichte stammt aus der November 10, 2024-Ausgabe von The New Indian Express.
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