💨 Abstract

India's Grasim Industries reported a 3% decline in Q2 adjusted profit due to weak demand in its paints division caused by higher monsoon rainfall. The company's paints division, launched under Birla Opus brand, has hurt margins due to continued investments. Grasim's revenue rose 18%, but total expenses surged 26%, contracting margins.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖