BENGALURU (Reuters) - India's Asian Paints reported fourth-quarter profit below estimates on Thursday, pressured by higher crude prices and tighter competition following the entry of Grasim Industries.

The company's consolidated net profit rose 1.8% from last year to 12.57 billion rupees ($150.6 million) in the quarter ended March 31.

Analysts were expecting a profit of 13.62 billion rupees, as per LSEG data.

($1 = 83.4720 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru; Editing by Subhranshu Sahu and Varun H K)