💨 Abstract
India’s Asian Paints reported fourth-quarter profit below estimates on Thursday. The company’s net profit rose 1.8% from last year to 12.57 billion rupees ($150.6 million) in the quarter ended March 31, missing analysts’ expectation of 13.62 billion rupeas, per LSEG data. Sales for the quarter fell 0.6%, dragged by weak demand for decorative paints, the company's biggest business.
Courtesy: theprint.in
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