News Snapshot:
Shutterstock.com Consolidated revenue grew 26% YoY to Rs 8,527 crore. However, the growth in revenue was far outpaced by the 41% growth in the cost of materials consumed. Related Asian Paints Q3 Results: Net profit down 18% YoY, misses estimates; revenue rises 26% Mumbai: Despite growing sales volume Asian Paints reported a sharp year-on-year dip in profit for the December quarter as the upwards rally in commodity prices continues to wash away India Inc’s third-quarter margins. Consolidated net profit after non-controlling interest declined by 18% YoY to Rs 1,016 crore. Consolidated revenue grew 26% YoY to Rs 8,527 crore. However,...
