Asian Paints, the largest paint companies in India, today reported a rise of 6.44% in consolidated net profit for the second-quarter ended Sept. 30, 2014.
 
It earned consolidated profit of Rs 3.47 billion for the quarter ended Sept. 30, 2014, compared with Rs 3.26 billion, a year ago. Analysts, on average, expected Asian Paints to report a profit of Rs 3.90 million, on revenue of Rs 36 billion.
 
Quarterly revenues totaled Rs 36.32 billion, an increase of 16.63% over Rs 31.14 billion in the same period a year ago.

''Double digit volume growth was witnessed across regions in the decorative paint segment. The automotive coating JV (PPG-AP), saw good growth in the general industrial and auto refinish segment. The industrial coatings JV (AP-PPG), which had seen a decline in the previous years, saw good volume growth in the current year. The international business was led by good growth in markets like Bangladesh, Nepal & Oman,'' said K.B.S. Anand, MD & CEO, Asian Paints.

Shares of the company gained Rs 2.7, or 0.42%, to trade at Rs 647.50. The total volume of shares traded was 240,647 at the BSE (3.25 p.m., Wednesday).