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Poor monsoon rains and new competition hit India's top paint firms' profits in the June quarter.
Early monsoon rains and increased competition from new entrants hurt the June quarter earnings of India's leading paint companies, including Asian Paints, Berger Paints, Kansai Nerolac, and Akzo Nobel India.
Despite declines in net profit, there was some improvement in urban sales and prices.
Companies are optimistic about August and September due to an earlier Diwali and improved construction activity.
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Las malas lluvias monzónicas y la nueva competencia golpearon las ganancias de las principales firmas de pintura de la India en el trimestre de junio.