ASTRAL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Astral Limited reported strong Q4 FY26 consolidated revenue of Rs 20,885 million, up 24.2% YoY, with EBITDA growing 28.8% to Rs 4,002 million. Full-year consolidated revenue reached Rs 65,686 million (+12.6%), with EBITDA at Rs 11,092 million (+12.4%). The Plumbing segment delivered exceptional Q4 volume growth of 24.2% despite a 10% decline in industry PVC demand, gaining significant market share. Segment EBITDA margin expanded to 22.9% in Q4. The Paints and Adhesives segment posted 21.9% revenue growth in Q4 but saw segment EBITDA fall 20% to Rs 483 million due to strategic investments. Cash position strengthened to Rs 9,433 million, and the board recommended a final dividend of Rs 2.50 per share (total dividend: Rs 4.00 per share). New products including HDPE Pipes, Electro Fusion Fittings, and CPVC Resin plant (Phase I) are under development.
Strong Q4 performance with volume outperformance vs industry signals market share gains for Astral's core plumbing business. The improved EBITDA margins in plumbing and robust cash generation are positive for shareholders. However, the decline in Paints and Adhesives EBITDA margin may raise concerns about near-term profitability in that segment.