Mumbai, July 29 -- Asian Paints Ltd is seeing early signs of a revival in demand even as its revenue and profit fell in the June quarter and continues to face stiff competition.

The demand was still better in April and May but got "very strongly impacted by early monsoons" in June, said Amit Syngle, managing director and chief executive officer at Asian Paints, in the earnings call. "....We have seen a little bit of a similar pattern in July as well, as we have been seeing in Q1 in terms of demand."

The Mumbai-based paintmaker's revenue fell 0.35% over a year earlier to Rs.8,938.55 crore in the first quarter ended June, according to its exchange filings. Net profit declined 6% to Rs.1,099.77 crore on-year.

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