Astral (ASTRAL) Q1 26/27 earnings summary

Executive summary

• Achieved flat volume growth in plumbing despite a ~10% industry de-growth, with 10% value growth and 18.9% EBITDA margin, indicating market share gains.

• All verticals contributed to growth: plumbing, adhesives, paints, and bathware showed strong performance.

• New product launches and plant ramp-ups supported expansion into new geographies and segments.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved by the Board on August 12, 2026.

• Independent auditors reviewed both standalone and consolidated results, with no material misstatements identified.

Financial highlights

• Consolidated revenue from operations for Q1 FY27 was Rs 15,780 million, up from Rs 13,612 million in Q1 FY26.

• Consolidated net profit for the quarter was Rs 1,202 million, compared to Rs 792 million in Q1 FY26.

• Plumbing revenue grew 10.1% year-over-year to INR 1,050 crore in Q1 FY27.

• India adhesives revenue up 24.8% to INR 326 crore; UK adhesives up 26% to INR 121 crore.

• Paint business revenue up 48.7% to INR 74.5 crore; DSS contributed INR 6.7 crore with 12.9% EBITDA margin.

Outlook and guidance

• Double-digit volume growth and 16%-18% EBITDA margin guided for plumbing; adhesives 15%-20% growth and 15% margin; paints 20%-25% top-line growth and low single-digit margin.

• Management expects to surpass full-year growth guidance if current trends continue.

• Further product launches planned for Q3; positive industry environment expected to continue.