Asian Paints, the Indian paint manufacturer beat market expectations with a consolidated net profit of INR 15.50bn ($189.5m) for Q1 2019, up 52% YoY, boosted by strong demand for decorative paints and lower raw material costs. While revenue was up by nearly 7%, costs for materials consumed fell by 12% thanks to easing crude oil prices.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/jWI7tx4
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