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ASIANPAINT Asian Paints News Story

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Asian Paints misses quarterly profit estimates on tepid demand

May 8 (Reuters) - Asian Paints ASPN.NS missed fourth-quarter profit expectations on Thursday, pressured by subdued retail demand at its mainstay decorative paints segment.

Asian Paints, India's biggest paintmaker by market share, reported a net profit of 6.92 billion rupees ($81.04 million) for January-March, below analysts' average estimate of 10.84 billion rupees, as per data compiled by LSEG.

($1 = 85.3900 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips)

 ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))

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