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Astral (ASTRAL) investor relations material
Astral Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Q1 FY26 saw flat pipe volumes due to low demand, early monsoon, and reduced government spending, but July onwards volumes picked up and double-digit growth is expected for the year.
Major backward integration announced: in-house CPVC resin plant with 40,000 MT capacity, ₹150 crore investment, expected to boost margins and reduce working capital needs.
New product launches and expansion in Bathware, Paints, and Adhesives are driving growth, with Bathware up 27% and Paints up 20% year-over-year.
UK adhesive business has stabilized, showing 7% growth and 5.4% EBITDA margin in Q1.
Unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, were approved by the Board on August 11, 2025.
Financial highlights
Consolidated revenue from operations was Rs 13,612 million, down from Rs 16,814 million in the previous quarter, but up from Rs 13,836 million year-over-year.
Consolidated net profit was Rs 792 million, compared to Rs 1,781 million in the previous quarter and Rs 1,195 million year-over-year.
Plumbing division sales declined 5.85% year-over-year to ₹953 crore; EBITDA margin dropped from 17.93% to 16.41%.
Paint business grew 20.7% to ₹50 crore; Bathware up 27% to ₹33 crore.
Q1 plumbing volumes were flat; realization down 14% year-over-year due to lower PVC prices.
Outlook and guidance
Double-digit revenue growth guided for FY26, with potential upside if anti-dumping duty (ADD) and BIS certification are implemented.
Margins in piping business expected to remain in the 16–18% range; UK adhesives margins to normalize at 8–10%.
CapEx guidance for FY26 is ₹300–350 crore, including phased investment in the CPVC plant.
Financial results for the current quarter include the newly acquired Al-Aziz Plastics, making them not directly comparable to previous periods.
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