News Snapshot:
Getty Images Mumbai: Paints and coatings major Asian Paints on Thursday reported a 29 per cent year-on-year dip in consolidated profit for the July-September period even as revenue grew by 33 per cent as high input costs dented the market leader’s margins. The company reported a consolidated profit of Rs 605 crore for the quarter compared to Rs 852 crore last year. Revenue grew to Rs 7,096 crore compared to Rs 5,350 crore a year ago. The stock of Asian Paints dipped 6.33 per cent to Rs 2,968 on the BSE as of 2:30 pm Thursday. “Steep inflation seen in...
