Astral Limited — Q1FY27 earnings call summary

Filed 18 August 2026 · Official transcript

Adhesive India grew 24.9% in Q1; margin pressure in Q1 due to inventory cost; margin expected to recover to 15-17%
Q1 FY27: Flat volume growth in plumbing vs industry -10%; 10% value growth; EBITDA margin 18.9%
Plumbing volume growth guidance: minimum double-digit for FY27; EBITDA margin guidance 16-18%
Capex of INR137 Cr in Q1; FY27 capex guidance INR300-350 Cr
UK adhesive grew 26% with EBITDA margin improving to 4.9%; full-year margin target 8-10%
Paint business grew 48.7%, EBITDA breakeven; 20-25% revenue growth guidance for FY27
Management cautious on margin guidance upgrades; will revisit post Q2 results
CPVC resin plant commissioning expected by Dec 2026; commercial production from Q4 FY27