India's Asian Paints swings to gains after in-line quarterly profit

Asian Paints

29/07/2025 10:44

** Shares of Asian Paints Ltd ASPN.NS climb 1.7% to 2,418.30 rupees

** India's top paints maker reports first-quarter profit of 11 billion rupees ($126.6 million), in line with analyst estimate of 11.08 billion rupees, as discounts helped boost volumes

** Paints volume up 3.9% in the quarter, while overall revenue drop narrows to 0.2% y/y in Q1 vs 5.2% in Q4 and 2.3% in year-ago period

** Stock was down 0.7% before results; rose as much as 2.5% after the in-line profit

** Analysts tracking ASPN rate it "sell" on average from 35 recommendations - data compiled by LSEG

** Stock up 5.4% so far this year

($1 = 86.8750 Indian rupees)

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))