Refile: India's Asian Paints posts surprise quarterly profit drop

Asian Paints

27/01/2026 08:36

Removes extraneous word "that" in paragraph one

Jan 27 (Reuters) - Asian Paints ASPN.NS reported a surprise profit drop on Tuesday, as a one-time charge tied to India's new labour laws outweighed strong volumes growth in its mainstay decorative paint segment.

India's largest paintmaker by market share posted a consolidated net profit of 10.60 billion rupees ($115.61 million) in the three months ended December 31.

Analysts, on an average, had expected a 12 billion rupees, according to LSEG-compiled data.

The company posted a profit of 11.10 billion rupees in the year-ago period.

Shares of the company extended losses after results, last down nearly 4%.

($1 = 91.6837 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru; Editing by Sherry Jacob-Phillips and Janane Venkatraman)

 ((Hritam.Mukherjee@thomsonreuters.com; X: @MukherjeeHritam;))