Asian Paints reported a significant drop in its Q2 profit, falling 43.7% to ₹702 crore from the previous year’s ₹1,248 crore.
This decline was mainly driven by rising raw material costs, which cut into the company’s profit margins. While net sales grew by 6.6% to reach ₹9,144 crore, the increased expenses significantly impacted earnings. Asian Paints, a major player in the Indian paint industry, is experiencing challenges in maintaining profitability due to inflationary pressures, affecting both production and operational costs.