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Asian Paints flags weak urban demand as Q3 earnings fade

2025-02-05 01:25:43| The Economic Times

Raw material costs stood at 57.7% of the consolidated revenues-higher than the year-ago level of 56.5%. Other expenses, too, climbed to make up 16.2% of the revenues-much higher than the y-o-y level of 14.8%. These increased expenses, and a less favourable product mix, dented profitability.


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