Asian Paints’ Q1 Net Profit Dips 6% As Expenses Rise
The revenue from operations dipped to Rs 8,938.55 crore in the first quarter of the current financial year (Q1FY26) from Rs 8,969.73 crore in Q1FY25
The revenue from operations dipped to Rs 8,938.55 crore in the first quarter of the current financial year (Q1FY26) from Rs 8,969.73 crore in Q1FY25
Asian Paints has alleged that officials have damaged its reputation by publishing and then deleting allegations against the CEO from the investigation order, report notes
The company notes that the transaction was executed through a bulk deal at a price of Rs 3,651 per cent, amounting to a total deal value of around Rs 734 crore
Asian Paints states that the company remains committed to fully cooperating with the Competition Commission of India (CCI) during the investigation
The commission directs the Director General (DG) to cause an investigation to be made into the matter and submit an investigation report within a period of 90 days
Reliance Industries informed in an exchange filing that it still holds 87 lakh Asian Paints shares
The report says that the complaint, which is still confidential, alleges that Asian Paints warned retailers not to stock Birla products
The reports note that the potential stake sale is expected to yield around Rs 11,141 crore
The consolidated net profit, attributable to the owners of the company, slipped to Rs 3,667.23 crore in fiscal year 2025 (FY25)
The company posted a net profit of Rs 1,110.48 crore, attributable to the shareholders of the company, in the third quarter of the current fiscal (Q3FY25)