Asian Paints Stock Dips 5% as Q3 Volume Growth Misses Projections

• Asian Paints shares fell 5% after its Q3 domestic decorative volume growth of 7.9% missed analyst expectations of 8-9%.
• Consolidated net profit declined 4.8% to ₹1,074 crore, falling short of the ₹1,219 crore projection.
• Revenue grew 3.7% to ₹8,867 crore, slightly below the ₹9,067 crore forecast.
• EBITDA increased 8.8% to ₹1,781 crore, aligning with poll estimates, and margins expanded by 100 basis points to 20.1%.
• A one-time exceptional loss of ₹158 crore, including a ₹63.74 crore gratuity liability increase, impacted the bottom line.

Why It Matters: Asian Paints' Q3 results show a dip in stock due to lower-than-expected volume growth and profit decline.