India's Asian Paints set for worst week in nearly 5 months

Asian Paints

09/05/2025 09:52

** Shares of Asian Paints ASPN.NS down 0.5% at 2292 rupees

** For the week, ASNP is down 4.5%, set for its worst weekly fall since mid-December, if losses hold

** ASPN said on Thursday demand conditions were at their worst in decades, unlikely to improve in near term

** Co missed estimates for fourth-quarter profit and reported a drop in sales

** Management indicated double-digit volume growth for FY26 looks highly unlikely, we see challenges of muted demand compounded by entry of new players - Investec

** ASPN up 1% in 2025 vs a 1.5% rise in Nifty 50 .NSEI

 (Reporitng by Nishit Navin and Hritam Mukherjee)

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