Friday, December 2, 2022

Profit Meets Estimates But Rising Input Costs Squeeze Margin


Asian Paints Ltd.’s quarterly revenue met estimates, however margin shrank as a surge in uncooked materials prices offset advantages from value hikes.Consolidated internet revenue of India’s largest paintmaker stood at Rs 874.1 crore within the three months by March in opposition to Rs 868.9 crore a yr in the past, based on its alternate submitting. That compares with the Rs 897.8-crore consensus estimate of analysts tracked by Bloomberg. Its internet revenue, nonetheless, fell…

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