2024-01-17 03:23:42 pm | Source: Reuters
India`s Asian Paints tops Q3 profit view on strong decorative paint sales
India's Asian Paints reported a larger-than-expected rise in third-quarter profit on Wednesday, helped by strong sales in its mainstay decorative paints segment.
Consolidated net profit rose about 35% to 14.48 billion rupees ($174.15 million) in the quarter ended Dec. 31, the country's top paintmaker said in a filing, surpasssing analysts’ expectations of 14.04 billion rupees on an average, as per LSEG data.
($1 = 83.1457 Indian rupees)
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