Astral Share Price Dropped 7%; Posted Revenue Dip YoY in Q1 FY26 Results

Astral Limited released its consolidated financial results for the quarter ended June 30, 2025, reflecting a mixed performance amid volatile market conditions.

Financial Performance

For Q1 FY26, revenue from operations stood at ₹13,612 million, slightly lower than ₹13,836 million in Q1 FY25. EBITDA increased from ₹1,940 million to ₹2,263 million year-on-year, while cash profit rose from ₹1,511 million to ₹1,751 million. Cash profit as a percentage of net sales improved to 12.7% from 11.1% last year.

Segment Overview

The company operates under two main verticals:

• Plumbing (pipes, fittings, water tanks, bathware)
• Paints and Adhesives (including Resinova, Seal It, and Astral Coatings Pvt. Ltd.)

The bathware division posted sales of ₹333 million, marking a 27.4% YoY growth. In India, the adhesive business grew 9.2% with a 14% EBITDA margin, while the paint business grew 20.7% with a 1.4% EBITDA margin. Adhesive operations in the UK saw 7.1% growth, though EBITDA margins were impacted by forex losses.

Strategic CPVC Resin Manufacturing Project

Astral achieved a breakthrough in R&D for CPVC resin, a key raw material, meeting international quality standards and lowering manufacturing costs. The company has entered into an agreement to acquire 80% equity in Nexelon Chem Pvt. Ltd. for ₹80,000 at par value. The ₹150 crore project will have a capacity of 40,000 MT, with Astral investing ₹120 crore over the next 12 months. Commercial production is targeted for Q2 FY27.

Market Conditions and Capacity Expansion

Q1 FY26 saw weak demand in the polymer industry and a 14% YoY drop in PVC prices, leading to inventory losses. However, prices stabilised from July, supporting demand recovery. Plumbing production capacity increased to 3,87,501 MT. Notably, July witnessed 30% YoY volume growth in the piping division and over 30% value growth in India’s adhesive division.

Astral Share Price Performance

On August 12, 2025, Astral share price (NSE: ASTRAL) opened at ₹1,310.10, down from its previous close of ₹1,381.60. At 12:37 PM, the share price of Astral was trading at ₹1,282.70, down by 7.16% on the NSE.

Also Read: Belrise Share Price in Focus; Profit Jumps YoY in Q1 FY26 Results! 

Conclusion

Astral navigated a challenging quarter with strategic initiatives, capacity expansion, and resilient growth in key segments.

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