Astral Limited — Q2FY27 earnings call summary

Filed 11 November 2026 · Official transcript

Plumbing volume growth 19.1% in Q2, 10.1% in H1; EBITDA margin 17.4% in H1, within 16%-18% guidance
Capex for FY27 expected around INR400 Cr; focus on sweating assets going forward
Paint business grew 39.9% in Q2; EBITDA loss narrowed, expected positive margin by year-end
Q2 FY27 consolidated revenue grew 26% to INR1,988 Cr; H1 revenue up 21.4% to INR3,566 Cr
CPVC plant commissioning expected by end Q4 FY27; new products like Pex, aluminum Pex launched
Adhesive India grew 25.3% in Q2; UK business grew 30.1% with 6.3% EBITDA margin in Q2
Management confident of better second half growth and margin improvement across segments