Asian Paints shares down by more than 4% due to profit booking
By Ankur Chandra | Updated at: Dec 9, 2025 03:59 PM IST
Asian Paints shares are down today due to profit booking. At 2:50 p.m. IST, 9th December, 2025, the stock is down by 4.26%, trading at Rs 2,803.5. Nifty 50 index is down by 0.54% at this time. Asian Paints at this time is the top loser among Nifty 50 stocks.
Stock gained after good September quarter numbers
Before the decline today, Asian Paint’s shares gained around 10.49 % in the past 1 month. The stock gained after the company reported strong September quarter numbers. Its profit in the September quarter increased year –on-year (y-o-y) by 43% to Rs 994 crore. Revenue in the quarter also increased y-o-y by 6.4% to Rs 8,513.7 crore. The company had also declared an interim dividend of Rs 4.5 per share.
Heightened competition in the paints sector
September quarter results came amidst heightened competition for Asian Paints. New entrants Birla Opus and JSW Paints are giving competition to Asian Paints. Other players in the industry include Berger Paints, Nerolac etc.
Both Birla Opus and JSW Paints have significant capital resources to give Asian Paints tough competition. JSW Steel has signed definitive agreement for acquiring 74.76% stake in Akzo Nobel India for Rs 8,981 crore. Competition Commission of India gave approval to this acquisition in September. Birla Opus is expanding its distribution network rapidly. It is giving higher commissions and discounts to dealers to increase its market penetration.
At the end of FY 25, Asian Paints’ market share came down to 52% from 59% at the end of the financial year before that. Asian Paints mainly operates in decorative paints, automotive paints, and industrial paints segments.
Year-to-date (YTD) in 2025, Asian Paints shares have gained 21.58%. Nifty 50 index has gained 8.75% in this period. The stock has outperformed the Nifty 50 index by more than 13% in this period. Asian Paints shares are currently trading at a 12 month trailing price-to-earnings (P/E) ratio of around 68. That makes it a highly valued stock.
Disclaimer : This content is only for informational purpose. It does not make any recommendation to act or invest.
Source : NSE, Asian Paint
