Asian Paints Shares Plummet on Profit Decline
Shares of Asian Paints fell sharply after the company reported a 4.83% decline in net profit for the December quarter of FY26, primarily due to exceptional expenses related to new labor codes and impairment losses. Despite the drop in profit, revenue saw a modest increase.
- Country:
- India
Shares of Asian Paints experienced a significant drop of nearly 7% on Wednesday morning following a reported 4.83% decline in consolidated net profit for the December quarter of FY26.
The firm cited exceptional items, including costs associated with new labor codes and impairment losses in a subsidiary, as key contributors to the profit slump.
Despite a revenue increase of 3.71%, the company's financial results were overshadowed by these challenges, shaking investor confidence and causing a notable slide in stock value.
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