Astral Q2 FY27 Revenue Up 26% to ₹19,883 Million on Strong Plumbing Growth
Astral Limited reported Q2 FY27 consolidated revenue of ₹19,883 million (1,988.3 crore), up 26.0% YoY. Plumbing volume grew 19.1% and revenue 25.0%. Paints and Adhesives revenue rose 28.6%. The company declared an interim dividend of ₹1.50 per share. A new CPVC Resin plant is on track for Q4 FY27 completion.
The results show significant year-on-year growth in revenue and demonstrate strong operational performance across major business segments. The progress on new projects and capacity expansion, coupled with dividend payout, indicates a positive outlook and potential for future growth, impacting investor confidence.
The company reported strong revenue growth in both its consolidated results and key segments (Plumbing, Paints & Adhesives), along with positive volume growth and margin performance within guidance. The declaration of an interim dividend also contributes to the positive sentiment.
Astral Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated revenue growth of 26.0% year-on-year for Q2 FY27, reaching ₹19,883 million (1,988.3 crore). For the half-year ended September 30, 2026 (H1 FY27), consolidated revenue grew by 21.4% to ₹35,663 million (3,566.3 crore).
The Plumbing business demonstrated robust performance with a volume growth of 19.1% in Q2 FY27, leading to a revenue increase of 25.0% to ₹13,983 million (1,398.3 crore). For H1 FY27, the plumbing segment revenue grew by 18.2% to ₹24,488 million (2,448.8 crore). The company expects to maintain double-digit volume growth for the full year and achieved the highest EBIDTA margins in H1 FY27 at 17.4% within its guided range of 16% to 18%.
The Paints and Adhesives business also saw significant growth, with revenue from operations increasing by 28.6% to ₹5,900 million (590 crore) in Q2 FY27 and by 29.0% to ₹11,175 million (1,117.5 crore) in H1 FY27. The company noted that while margins were under pressure due to raw material price volatility, they expect improvement in the coming quarters. The acquisition of a 60% partnership interest in Differentiated & Sustainable Solutions LLP (DSS) in Q1 FY27 has expanded the portfolio into Specialty Chemicals, contributing ₹120.4 million (12.04 crore) to H1 FY27 revenue.
Astral Limited's Board of Directors approved an interim dividend of ₹1.50 per share. The company is progressing with its new backward integration plant for CPVC Resin, with trials expected to be completed by Q4 FY27. A new product, Pex (Aluminum Pex), is planned for launch in Q3 FY27.
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