Calcutta, Jan 23: Demonetisation has taken a toll on the financial results of Asian Paints in the October-December quarter. Consolidated net profit during the quarter was Rs 489.31 crore against Rs 482.02 crore in the corresponding year-ago period. Consolidated net sales was Rs 4,353.99 crore, recording a growth of 2.56 per cent over the previous year. The Asian Paints scrip closed at Rs 964.25, down 0.16 per cent, on the BSE. Asian Paints will invest Rs 650 crore to expand its facilities in Gujarat.

Source: The Telegraph January 23, 2017 20:57 UTC