India's Grasim posts Q2 profit fall on weak demand for paints
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
0mins
Source: Reuters
Grasim Industries' Profit Decline: Grasim Industries reported a 3% decrease in adjusted profit for the second quarter, attributed to weak demand in its paints division due to excessive monsoon rainfall, with a profit of 7.71 billion rupees ($91.4 million).
Revenue and Expense Trends: The company's revenue increased by 18% to 76.23 billion rupees, but total expenses surged by 26%, leading to a contraction in margins from 19% to 18% year-over-year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
