Asian Paints posted on Monday a 14.4 per cent fall in second quarter profit, which missed analysts' estimates, hurt by higher expenses.
Net profit fell to Rs 493 crore ($67.02 million) in September quarter from Rs 576 crore a year earlier, the company said in a statement.
Analysts, on an average, had expected the Mumbai-based company to post a profit of Rs 578 crore, according to Refinitiv Eikon data.
Revenue from operations rose over 8.5 per cent to Rs 4639 crore while total expenses rose about 11 per cent in the quarter.