New Delhi, Nov. 13 -- Asian Paints Ltd's shares rose 3% and hit a new 52-week high of Rs.2,897.10 on Thursday, following its stellar September quarter (Q2FY26) results. Decorative paints volume growth rebounded to double digits, up 10.9% year-on-year, after four quarters of muted show.

Despite a challenging industry environment, value growth was relatively healthy at 6%, beating analysts' expectations. Apart from a low base, an early festive season and better execution aided this recovery.

In comparison, close competitor Berger Paints India's decorative paint volumes grew 8.8% in the quarter, but value growth was only 1.1%, with consolidated revenue up just 1.9% on-year.

Demand boost

Demand, which had looked uneven for much of the yea...