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05-11-2023 02:19 PM | Source: Reuters
India's Asian paints posts 45% Q4 profit rise on strong demand, easing costs
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Indian paint maker Asian Paints Ltd reported an over-45% rise in fourth-quarter profit on Thursday, aided by easing input costs and strong demand for decorative paints.
The Mumbai-based company's consolidated net profit came in at 12.34 billion rupees ($150.9 million) for the quarter ended March 31, compared with 8.5 billion rupees a year earlier, which included a one-time expense of 1.16 billion rupees.
($1 = 81.7800 Indian rupees)
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