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    Asian Paints Q3 profit jumps 20% to Rs 780 crore, revenue misses estimates - Moneycontrol.com thumbnail

    Asian Paints on January 22 reported a 20.5 percent growth in consolidated profit in the December quarter, driven by lower tax cost and good operating performance.The profit increased to Rs 779.71 crore from Rs 647.28 crore during the same period last year.Revenue from operations was at Rs 5,420.28, up 3 percent year-on-year, which was lower than Rs 5,662 crore estimated by a CNBC-TV18 analysts’ poll.”The decorative business segment in India registered a low double-digit volume growth, impacted by the slowdown in the overall economy. Automotive coatings JV (PPG-AP) business continued to be impacted by the downturn in the automobile industry, while the industrial coatings JV (AP-PPG) business saw some demand pick-up in the pr
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