Asian Paints reported a 38.7% increase in net profit for the second quarter of fiscal year 2014. Net sales rose 17.97% to Rs. 25,320.30 million while net profit grew 38.77% to Rs. 3,106 million, improving the net profit margin to 12.27% from 10.43% in the previous fiscal year. Earnings per share for the quarter increased to Rs. 3.24 from Rs. 2.33 in the same period of the previous year.