(Reuters) - India's Asian Paints fell as much as 9.3% on Monday, after it reported a second-quarter net profit on Saturday that nearly halved and a volume growth that disappointed some analysts.

The second-quarter results were a miss with sales below industry peers, said Macquarie.

The company's sales volumes, which declined 0.5%, were weaker than that of other large peers such as Berger Paints' 3.6% rise and Kansai Nerolac's 4% overall volume growth, said Morgan Stanley.

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Janane Venkatraman)