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;))