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Asian Paints profit falls 45%
Financial Express Chennai
|May 09, 2025
ASIAN PAINTS, THE country's largest paints maker, posted a 45% year-on-year drop in profit in the fourth quarter, while margins remained under stress due to inflationary pressures and higher ad spends.
The Mumbai-based company's consolidated net profit came in at ₹692.13 crore in the quarter ended March, missing Street estimates of ₹1,075 crore. The company also reported a one-time cost of ₹183 crore. The exceptional item of ₹183 crore includes an impairment loss of ₹77.8 crore on White Teak's goodwill and intangible assets, and ₹21.5 crore on Causeway Paints' goodwill, both acquisitions by the company. Additionally, there was a loss of ₹83.7 crore from the disposal of assets in In
This story is from the May 09, 2025 edition of Financial Express Chennai.
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