Weak demand, price cut affect Asian Paints’ Q1 results

For the April-June quarter, its net profit dropped 24.5% year-on-year, below analysts’ estimates.

17 July, 20242 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Internet
Story image

Nykaa and Mamaearth’s oddball performance

Both beauty and personal care companies just delivered their June-quarter results. Their numbers hide more than they reveal.

Business
Story image

For equity investors, buy-at-any-price will fail

No matter how good a business, overpaying for a stock negatively impacts returns. Saurabh Mukherjea’s Marcellus is only the latest example of the perils of forgetting this timeless lesson.

Business
Story image

Why it's too soon to say SpiceJet has made a comeback

The Ajay Singh-led airline may have claimed it has turned profitable, or has a positive net worth for the first time in a decade, but a closer look suggests otherwise.