Asian Paints Limited — Updates, 09-11-2024: Press Release

Asian Paints Limited reports a decline in Q2 FY’25 consolidated net sales by 5.3% to ₹8,003 crores and standalone net sales by 6.5% to ₹6,841 crores due to weak consumer sentiment and adverse weather conditions. Consolidated net profit dropped 42.4% to ₹694.6 crores. Additionally, the Board approved an interim dividend of ₹4.25 per share. The company recognized exceptional items, including impairment losses related to its investments. An investor conference is scheduled for November 11, 2024.