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ASIANPAINT Asian Paints News Story

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Basic MaterialsConservativeLarge CapHigh Flyer

India's Asian Paints jumps on higher quarterly profit

** Asian Paints ASPN.NS, India's largest paint-maker by market share, climbs 5.3% to 2,798.3 rupees

** Consolidated net profit rose 43% Y/Y to 9.94 billion rupees ($113.1 million) on strong domestic volume growth for decorative paints and a low base after earnings slumped a year earlier

** Shares were trading marginally higher ahead of the results

** Session's rise boosts YTD gains to ~22%

($1 = 87.8950 Indian rupees)

 (Reporting by Manvi Pant)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))

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