Asian Paints: Asian Paints’ business palette needs to stand out for investors to stay put

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Shares of Asia Paint closed 2.6% lower on Thursday’s BSE after the company’s earnings release. It is down 25% from his September 2022 record of INR 3,590.


Operating margin increased both quarter-over-quarter and year-over-year as profitability improved as prices of some products softened. Operating margin he was 18.7%, 50 bps higher than last year’s level.

ET Intelligence Group: Decorative paints market leader Asian Paints has disappointed Street with its weak performance in the three months to the end of December. Volume and value remained flat. Contrary to expectations that sales volumes would grow by 4-5%, the company reports that sales volumes have flattened out due to the prolonged monsoon in October.

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