India's Asian Paints drops on quarterly profit miss

Asian Paints

08/05/2025 10:35

** Shares of Asian Paints ASPN.NS fall 1.3% to 2303.8 rupees

** Paint maker reports Q4 net profit of 6.92 billion rupees ($80.8 million), well below analysts' average estimate of 10.84 billion rupees, as per data compiled by LSEG

**  Decorative business reported revenue decline of 5.2%, hurt by tepid demand

** Stock was up 0.3% ahead of the results announcement

** Vols pick up post announcement, currently at nearly 2x their 30-day avg

** Stock up 1% in 2025 vs 2.5% rise in Nifty 50 .NSEI

($1 = 85.6350 Indian rupees)

 (Reporitng by Nishit Navin)

 ((nishit.navin@thomsonreuters.com;))