Asian Paints Q4 net profit down 1.6% YoY, misses Street estimates

Asian Paints on Thursday reported a 1.6 per cent year-on-year fall in consolidated profit after minority interest at Rs 473.11 crore, falling short of Rs 595 crore projected by analysts in an ET NOW poll. The paints company had reported Rs 480.99 crore profit in the corresponding quarter last year. Consolidated revenue from operations rose 11.7 per cent to Rs 5,018.21 crore from Rs 4,492.30 crore in the year-ago quarter.