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Asian Paints Q3 net up 35% at ₹1,447 cr on fall in raw material prices
Mint Mumbai
|January 18, 2024
The company's home décor business revenue saw improvement in Q3 as new categories made headway
India’s largest paints company Asian Paints Ltd reported a consolidated net profit of ₹1,447.98 crore for the December quarter, up 35% from ₹1,072.67 crore a year ago on the back of softening raw material prices and growth in luxury products.
Revenue during the quarter rose by 5.4% to ₹9,074.9 crore primarily due to double-digit growth in the industrial business along with the extended festive season.
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