Astral (ASTRAL) Q1 26/27 earnings summary

Executive summary

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

• Consolidated Q1 value growth at 15.9% with EBITDA margin of 15.5%.

• Robust growth in adhesives (India: 24.8%, UK: 26%) and paint (48.7%) 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.

• Standalone revenue from operations for Q1 FY27 was Rs 13,678 million, up from Rs 12,071 million in Q1 FY26.

• Standalone net profit for the quarter was Rs 1,358 million, compared to Rs 966 million in Q1 FY26.

• Plumbing revenue grew from INR 953 crore to INR 1,050 crore YoY (10.1% growth).

Outlook and guidance

• Double-digit volume growth and 16%-18% EBITDA margin guided for plumbing.

• Paint segment guided for 20%-25% top-line growth and lower single-digit EBITDA margin.

• Adhesive segment guided for 15%-20% growth and 15% EBITDA margin.

• Management expects value growth to outpace volume by ~10% for FY 2027.

• Guidance may be revised post-Q2 based on sustained performance.