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Business News: Asian Paints Q1 Down By 25% | Milky Mist Eyes IPO
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On July 17, Asian Paints reported a nearly 25% drop in its consolidated Q1 FY25 net profit, which fell to Rs 1,170 crore due to a challenging demand environment. Milky Mist, known for its paneer and ice cream products, is considering an IPO to expand its dairy brand portfolio and compete with larger rival Amul, according to sources familiar with the development. Nasscom has called for the scrapping of a Karnataka bill that mandates job reservations for locals in the private sector, warning it could push businesses to relocate. Watch.
#AsianPaints, #nasscom
Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.
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#AsianPaints, #nasscom
Moneycontrol is India's leading financial and business portal with in-depth market coverage, analysis, expert opinions, and a gamut of financial tools.
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