India's Asian Paints beats first-quarter profit views on aggressive price hikes
29/07/2026 09:36
India's Asian Paints beats first-quarter profit views on aggressive price hikes July 29 (Reuters) - India's Asian Paints ASPN.NS reported a first-quarter profit rise on Wednesday that beat analysts' estimates as a series of hefty price hikes helped the country's largest paint maker navigate soaring raw material costs.
The company posted a consolidated profit of 15.39 billion rupees ($161.00 million) for the quarter ended June 30, compared with analysts' estimate of 12.02 billion rupees, according to LSEG data.
($1 = 95.5875 Indian rupees)
(Reporting by Urvi Dugar in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
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