Economy · India
Asian Paints reports Q1 profit growth, retains FY27 outlook
Asian Paints reported a 40% profit growth for the first quarter, exceeding market expectations. The company maintained its financial year 2027 outlook, projecting 8-10% demand growth and 18-20% EBITDA margins. However, the company's stock shed 3% following the results, despite generally bullish analyst views. Geopolitical tensions and raw material price volatility were cited as factors clouding the future outlook.
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- Centre (2): Business Standard, Mint