Asian Paints Q1 profit dips 24% to Rs 1,186 cr
Ahmedabad Mirror|July 18, 2024
Severe heatwave and general elections during the quarter hits demand for the paint industry; revenue down to Rs 8,969 crore
Asian Paints Q1 profit dips 24% to Rs 1,186 cr

Asian Paints Ltd on Wednesday reported a 24.64% decline in consolidated net profit to Rs 1,186.79 crore in the June quarter, hit by demand slowdown due to severe heatwave and general elections.

The company had posted a consolidated net profit of Rs 1,574.84 crore in the same period last fiscal year, Asian Paints said in a regulatory filing.

This story is from the July 18, 2024 edition of Ahmedabad Mirror.

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This story is from the July 18, 2024 edition of Ahmedabad Mirror.

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