Asian Paints Announces Second-Quarter 2023-24 Results
Asian Paints announced its financial results for the quarter ended September 30, 2023.
“The domestic coatings business, decorative and industrial combined, registered a subdued 1.1% revenue growth in the quarter,” said Amit Syngle, managing director and CEO of Asian. “The domestic decorative paint business for quarter two was muted, registering a flat value sale with a 6% volume growth. The erratic monsoon impacted market sentiment potentially leading to deferment of sales to October given the late Diwali this year.”