Aratrik Dev Varman’s latest collab, which was launched at the 2023 AD Design Show, features tropical landscapes and hat tips to Henri Rousseau, French toile de Jouy textiles and Japanese woodcuts

Net profit after minority interest declined to ₹694.60 crore in July-September quarter from ₹1,205.40 crore during the corresponding period of last fiscal year. Consolidated net sales decreased 5.3% to ₹8,003.0 crore from ₹8,451.9 crore.

Asian Paints faced a challenging second quarter with muted demand due to uneven rainfall and a slowdown in metro cities. Despite price hikes, competitive intensity remains high. The company is cautiously optimistic about single-digit volume growth in the coming quarter while closely observing AkzoNobel's strategic review of its India business.

Asian Paints had logged a net profit of ₹1,232.39 crore during the July-September period a year ago

Higher demand, fall in raw material cost lifts the numbers; announces dividend of ₹21.25 per share

Asian Paints Stock, Asian Paints Share Price Updates November 11, 2024: Shares of Asian Paints in focus 

China’s announcement of a five-year package totaling 10 trillion yuan ($1.4 trillion) to tackle local government debt problems fell short of market expectations

Asian Paints’ Q2 net profit declined 43.71% due to weak demand, material price inflation, material price inflation, and performances of the decorative and coatings business.

The market recovery came despite a weak opening influenced by China’s stimulus concerns and continued foreign investor selling

The indices recovered from early losses but failed to maintain momentum through the session

The emerging view is that likely immigration curbs may no longer hurt tech companies as much as they once did. At the same time, likely tax cuts could leave US companies with a bigger pool of money for discretionary spending, some of which might flow to Indian IT firms

On Friday, shares of Asian Paints gained 2.7 percent before falling nearly one percent after a Bloomberg report said that Reliance Industries Limited is considering a stake sale in the country's largest paint maker. According to the report citing sources,

Reliance Industries controlled by Mukesh Ambani, Asia’s richest person, is in discussions with banks for a potential sale of its 4.9% stake in Asian Paints Ltd. through a series of block trades.

Case No. 36 of 2019 1

Brief facts and allegations

2. JSW Paints is stated to be a part of the JSW group of companies, which is involved in several sectors, including steel, energy, cement, etc. JSW Paints was incorporated in the year 2016 and launched its decorative paints in May 2019 in Bengaluru and Hubli in Karnataka. JSW Paints has introduced many innovative approaches in the paints industry for the first time in India.

3. Asian Paints is a listed company and is primarily engaged in manufacture and sale of decorative and industrial paints. According to its Annual Report for the FY 2018-19, it is the 3rd largest paint company in Asia and largest in India. In India, it has 8 manufacturing plants for decorative paints and 2 for industrial paints.

Reliance Industries to sell its Asian Paints stake worth Rs 7000 cr via block deal: Sources

Kansai Nerolac Paints reported 16% drop in profit at Rs 122 crore for September quarter.

Consolidated revenue of the company increased 24 per cent to Rs 5,293.99 crore in Q3FY19.

Total expenses rose 15.65 per cent to Rs 4,340.64 crore in the quarter as against Rs 3,752.94 crore in the year-ago period.

The number beat ET Now's poll estimate of Rs 547 crore profit.

The decorative business segment in India recorded high double digit volume growth.

"The Commission is of the view that evidence provided by JSW Paints is prima-facie sufficient to indicate that Asian Paints has denied access to the distribution channels in the relevant market to JSW Paints by threatening and coercing such dealers through various means," the fair trade regulator said.

Asian Paints' revenue from operations rose 3% to Rs 5,420.28 crore from Rs 5,263.04 crore.

“As a socially responsible company, Asian Paints is committed to providing necessary support towards various relief measures announced by the government to combat Covid-19” said K.B.S. Anand, Managing Director & CEO, Asian Paints Limited.

The sanitiser is being manufactured at Asian Paints’ plant in Ankleshwar, Gujarat and the company has obtained all necessary permissions from authorities. Other brands which started making hand sanitisers after the Covid-19 pandemic spread to India include Dabur, Emami, Patanjali, Nivea India, and Raymond Consumer Care, among several others.

On March 23, the company had informed bourses about disruption of operations across the country on account of COVID -19 pandemic.

'Our foray into sanitizers is an effort to help the fight against Covid-19'

Shares of Asian Paints closed 1.01 per cent lower at 1,577against previous close of Rs 1593 on BSE

On Friday, shares of Asian Paints gained 2.7 percent before falling nearly one percent after a Bloomberg report said that Reliance Industries Limited is considering a stake sale in the country's largest paint maker. According to the report citing sources,

The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades, reports suggest.

The company controlled by Mukesh Ambani, is in discussions with banks for a potential sale of its 4.9 per cent stake in Asian Paints through a series of block trades