India's Asian Paints slides on surprise quarterly profit fall

Asian Paints

27/01/2026 09:00

** Shares of Asian Paints ASPN.NS slip 3.3% to 2,618.2 rupees

** India's largest paintmaker by market share posted a surprise Q3 profit drop to 10.6 bln rupees ($115.6 mln) from 11.10 billion rupees a year ago

** One-time charge tied to India's new labour laws outweighed strong volumes growth in company's mainstay decorative paint segment

** Analysts expected profit to rise to 12 bln rupees, per LSEG-compiled data

** Shares were down about 1.7% ahead of the results, and dropped as much as 5.8% after the results

** Stock set for its biggest daily decline December 9

** More than 2.5 mln shares traded, 2.2x their 30-day moving avg

** Avg rating is "hold" and median PT is 2,750 rupees, ~5.5% higher than current price - LSEG data

** ASPN rose 21.4% in 2025

($1 = 91.6650 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))