Mumbai, Feb. 4 -- Asian Paints on Tuesday posted a 23.3% year-on-year (YoY) decline in its consolidated net profit (attributable to owners) for the third quarter of FY25, ending in December, at Rs 1,110.48 crore, media reports said.

This was down from Rs 1,447.72 crore in the same period last year. However, on a sequential basis, net profit rose 60%, according to a Mint report

As of 14:22 IST, shares of Asian Paints were trading 2.37% higher at Rs 2,348 apiece on the BSE, the report said.

Asian Paints MD & CEO Amit Syngle noted that the industry continued to grapple with subdued demand, particularly in urban markets, Mint reported.

The overall coatings business in India, including industrial segments, declined by 6.6%. While the domes...