Asian Paints' consolidated revenue saw a 3% year-on-year decline, attributed to a combination of 7% volume growth, a 4% decrease in prices, and a 5-6% deterioration in product mix. 



Following a disappointing quarterly report, Asian Paints' shares may face short-term pressure. Analysts note ongoing challenges such as consecutive quarterly revenue declines, lower-than-expected volume growth compared to management forecasts of double-digit growth, and a notably weaker earnings outlook amid increasing competition. Coupled with high valuations, these factors suggest limited upside potential for investors.