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26-10-2023 03:10 PM | Source: Reuters
India`s Asian Paints misses Q2 profit estimates on muted sales
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India's Asian Paints on Thursday reported a smaller-than-expected jump in second-quarter profit, hurt by muted sales.
The paint maker reported a consolidated net profit of 12.05 billion rupees ($144.90 million) for the quarter ending Sept. 30, below analysts' estimate of 12.42 billion rupees, as per LSEG data.
Revenue from operations was largely flat, with a 0.3% rise to 84.79 billion rupees.
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