Asian Paints Shares Plunge 9.5% After Disappointing Q2 Results; Analysts Slash Price Targets
Asian Paints said on Saturday that its Q2 FY25 net profit dropped 42.4% to ₹694.6 crore due to low demand and high material costs. Compared to the previous year’s ₹8,451.9 crore, consolidated net sales decreased 5.3% to ₹8,003 crore. Even more precipitously, profit before depreciation, interest, taxes, and other things (PBDIT) fell by 27.8% to … Read more
