Asian paints plunges over 4% as Q1FY25 net profit declines 25% Is it a buy at current levels?

Category: Finance

Asian Paints' share price fell over 4% following a 24% drop in net profit to Rs 1,170 crore for Q1 FY2025, missing estimates. Revenue declined by 2.3% to Rs 8,943 crore. The company faced tough demand conditions due to a heatwave and elections, despite achieving 7% volume growth in the decorative segment. Analysts maintain a neutral stance with target price adjustments amid competitive pressures and supply chain challenges.

Keywords: Asian Paints, net profit, share price

Source: The Financial Express

Update At: 7/24/2024

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