Asian Paints Q4 Results: Weak demand, downtrading hurts revenue
Thu, May 9, 2024 2:01 PM

Asian Paints Q4 Results: Weak demand, downtrading hurts revenue

A Flip by Riya Sharma
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Asian Paints Ltd., the largest paints company in India reported a volume growth of 10% for its decorative business. This was the upper end of the CNBC-TV18 poll estimate of 8% to 10% growth. However, the stock declined as much as 4% as most of the other parameters were a miss compared to estimates. Revenue for the quarter stood at ₹8,731 crore, which was a decline of 0.6%.

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