Asian Paints Shares Tumble 7% After Q3 Profit Decline

• Asian Paints shares fell by nearly 7% on Wednesday morning trade.
• The decline followed a 4.83% drop in consolidated net profit for the December quarter of FY26.
• Net profit stood at Rs 1,073.92 crore, down from Rs 1,128.43 crore a year ago.
• Revenue from operations increased by 3.71% to Rs 8,867.02 crore.
• Exceptional expenses, including a new labor code implementation and impairment loss on White Teak acquisition, impacted profits.

Why It Matters: Asian Paints saw a significant share drop due to lower Q3 net profit, despite revenue growth.