India's largest paint company, Asian Paints has clocked a 65.8 per cent jump in its consolidated net profit in Q1 FY 10 at Rs 176 crore.

The company had posted a net profit of Rs 106 crore in the year-ago period.

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On a stand-alone basis in Q1 FY 10, Asian Paints recorded a net profit of Rs 164.4 crore, up 67.8 per cent from Rs 98 crore in the year-ago period.

Net sales rose 17 per cent to Rs 1,164.8 crore from Rs 995 crore in the year-ago period, the release said.

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