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Asian Paints profit falls 45%
Financial Express Kochi
|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
यह कहानी Financial Express Kochi के May 09, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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