Asian Paints falls 4% post weak Q1 profit; here's what brokerages say
Paint major reported a 24.5% decline in net profit at ₹1,170 crore in Q1, while net sales decreased 2.3% to ₹8,943.2 crore
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Asian Paints shares slide 4% on rating downgrade post Birla Opus launch
The paint heavyweight has fallen 5.6% in two sessions after the launch of ‘Birla Opus’ by Aditya Birla Group flagship Grasim Industries last Thursday.
Birla Opus commissions 3 paint plants; 3 more in pipeline
The paint company targets ₹10,000 crore revenue in 3 years.
Asian Paints Q3 profit surges 35% to ₹1,448 cr
The sales of the company’s domestic decorative business grew 12% in terms of volume and 5.5% in terms of sales.
Large cap stocks return less than FD rates
More than a dozen Nifty 50 Stocks have failed to deliver returns that a fixed deposit account would have delivered in a year.
Asian Paints profit surges 53.3% to ₹1,232.39 cr in Sept quarter
The company attributes improved margins owing to operational, formulation and sourcing efficiencies as well as moderating raw material prices to be the reason behind strong profit growth in Q2.
Asian Paints co-founder Ashwin Dani passes away at 79
The non-executive Director of Asian Paints Ashwin Dani died on September 28.
Ravi Jaipuria most valuable in FMCG
FMCG sector has 13 dollar billionaires, led by Ravi Jaipuria of RJ Corp, followed by promoters of Asian Paints.
Hitting The FMCG Jackpot
Promoters from the sector see a decent rise in their net worth despite a tough year.
Asian Paints Q1 profit up 52% to ₹1,550 cr on decorative biz boost
Asian Paints CEO Amit Syngle says global biz faced macro challenges, adverse forex conditions, resulting in subdued growth in that portfolio
