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Asian Paints on Thursday reported a 45% decline in its consolidated net profit to Rs 692 crore for the fourth quarter, as weak urban demand weighed on performance. The net profit stood at Rs 1,257 crore in the same quarter last year.
Revenue from operations also fell 4% year-on-year to Rs 8,330 crore.
The board has recommended a final dividend of Rs 20.55 per share for the financial year 2025, subject to shareholder approval.
The company has fixed June 10 as the record date to determine shareholders’ entitlement to the said dividend.
More to come…
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