Asian Paints Shares Plunge Over 4% After Q3 Profit Decline

• Asian Paints shares dropped over 4% on Wednesday following a 4.83% decline in consolidated net profit for the December quarter of FY26.
• The stock settled at Rs 2,510.85 on BSE and Rs 2,511.80 on NSE, marking it as the biggest laggard among Sensex firms.
• The company's market valuation decreased by Rs 10,939.64 crore, reaching Rs 2,40,840.18 crore.
• Consolidated net profit for the December quarter stood at Rs 1,073.92 crore, down from Rs 1,128.43 crore a year ago.
• The profit decline was attributed to exceptional items, including increased gratuity liability due to new labor codes and impairment loss on intangibles from the White Teak acquisition.

Why It Matters: Asian Paints experienced a significant share drop and profit decline in Q3 FY26 due to exceptional expenses.