Asian Paints stock dropped after a weak December quarter. Softening demand, extended monsoon, and competition impacted sentiment. The company expects market share gains in waterproofing and home decor. Despite slower decorative volume growth, margins expanded due to lower raw material costs. Brokerages have trimmed earnings estimates. Cost savings and new products will support profitability as demand recovery remains gradual.
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India Inc.’s third-quarter earnings show a steady performance with easing operating pressures, suggesting improving earnings visibility. While domestic consumption remains a preferred theme, caution persists