Asian Paints Shares Fall 5% on One-Time Labour Law Impact

Asian Paints shares dropped around 5 percent after Q3 consolidated net profit fell 5 percent to ₹1,060 crore due to one-time charges linked to new labour laws and impairment losses. Despite this, net sales rose 3.9 percent, supported by strong volume growth in decorative paints and robust performance in industrial and international businesses.