Astral Ltd

Q1 FY27Industrial Products

Astral Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹1,493

Market cap₹41.1K Cr

P/E69.3

Updated6 Sept 2026

Read5 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueRank 3

MarginRank 3

CapexYes

Not discussed on this call: fundraise, order book.

The short version

Plumbing volume growth guidance: minimum double-digit growth (Page 17) - Plumbing EBITDA margin guidance: 16% to 18% (Page 17) - Paint business top-line growth guidance: 20% to 25% (Page 17) - Adhesive business top-line growth guidance: 15% to 20% (Page 17) - Adhesive margin guidance: around 15% (Page 17) - Q1 FY27 plumbing value growth: 10.1%; volume flat for the quarter but strong growth post-April (Page 6, 26) - Expected value growth for FY27 plumbing: more than 20%, with volume growth around 10-15% (Page 7, 26) - July recorded 40% volume growth in plumbing (Page 8) - New CPVC plant expansion by Q4 FY27 expected to increase volume growth and margin expansion in FY28 (Page 27) - Bathware segment expected to grow at 20-25% CAGR over 4-5 years (Page 25) - U.K. Astral expects double-digit volume growth in the plumbing business for FY27, with 10%+ value growth due to improved realizations and better product mix.

From Astral Ltd's Q1 FY27 earnings-call transcript · updated 6 Sept 2026.

Revenue & Sales Performance

Rank 3

Plumbing volume growth guidance: minimum double-digit growth (Page 17)
Plumbing EBITDA margin guidance: 16% to 18% (Page 17)
Paint business top-line growth guidance: 20% to 25% (Page 17)
Adhesive business top-line growth guidance: 15% to 20% (Page 17)
Adhesive margin guidance: around 15% (Page 17)
Q1 FY27 plumbing value growth: 10.1%; volume flat for the quarter but strong growth post-April (Page 6, 26)
Expected value growth for FY27 plumbing: more than 20%, with volume growth around 10-15% (Page 7, 26)
July recorded 40% volume growth in plumbing (Page 8)
New CPVC plant expansion by Q4 FY27 expected to increase volume growth and margin expansion in FY28 (Page 27)
Bathware segment expected to grow at 20-25% CAGR over 4-5 years (Page 25)
U.K. adhesive business expected to surpass double-digit growth for FY27 (Page 7)

Profitability & Margins

Astral expects double-digit volume growth in the plumbing business for FY27, with 10%+ value growth due to improved realizations and better product mix.
EBITDA margin guidance for plumbing is maintained at 16%-18%, with potential for expansion post Q2 depending on market conditions.
Paint business is projected to grow 20%-25% in top line with lower single-digit margin guidance.
Adhesive business is expected to grow 15%-20% in India, with around 15% margin guidance; UK adhesive business targets 8%-10% EBITDA margin full year.
The CPVC plant commissioning by Q4 FY27 is anticipated to accelerate volume growth above FY27 levels and contribute to margin expansion.
The company is confident of maintaining industry-leading margins and market share gains, with cautious guidance upgrades post Q2 based on clearer market visibility.
Long-term investors are encouraged to focus on 2-3 years outlook rather than quarterly fluctuations.

See what Astral Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

In Q1 FY27, Astral Limited spent a total capex of INR137 crores across all verticals.
- Plumbing: INR87 crores
- Adhesive: INR32 crores
- U.K. operations: INR2 crores
- CPVC resin plant: INR16 crores
The CPVC resin plant construction is ongoing and expected to be completed by December end (Q4 FY27), followed by trial runs and product stabilization.
For FY27, total capex budget is estimated between INR300 to 350 crores.
Capacity expansion includes debottlenecking existing plants and adding new product lines such as molds, fitting machines, and PEX machines.
Kanpur plant to be expanded in the coming year due to high local demand and full utilization.
Hyderabad plant currently running at ~50% utilization with space for future expansion.

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Ranked on what management guided this quarter

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The transcript provided from the Astral Limited Q1 FY27 earnings call does not mention any current or planned fundraising through debt or equity.
There is no discussion of new debt issuances, equity offerings, or capital raises in the reviewed pages (5-28 of 29).
The company focuses on operational growth, margin improvement, capacity utilization, and potential future strategic decisions like demerger but does not detail any fundraising actions.
Capex guidance is mentioned (INR 300-350 crores for FY27), but funding sources for this capex are not specifically detailed as new fundraising.
Overall, no explicit mention of current or future fundraising initiatives through debt or equity is found in the provided pages.

See what Astral Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided transcript from pages 5 to 29 of Astral Limited's August 12, 2026 Q1 earnings call does not contain specific details regarding the current or expected order book or pending orders. The discussion primarily focuses on: - Segment-wise revenue and growth (plumbing, adhesives, paint, DSS) - Market share gains and product launches - Margin performance and guidance - Industry outlook and competitive environment - Demerger considerations - Channel inventory status and polymer price impacts No explicit mention or quantitative data about order book, pending orders, or future order inflows was provided in the transcript on the noted pages.

Astral Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹2.1K Cr, net profit ₹213 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Astral Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Astral Ltd Q1 FY27 results?

What is Astral Ltd share price analysis?

Astral Ltd currently shows a below-average growth signal. The stock trades at a P/E of 69.3 with a market cap of ₹41,063 Cr. Investors should review the full earnings analysis for detailed insights.

Is Astral Ltd planning capital expenditure?

In Q1 FY27, Astral Limited spent a total capex of INR137 crores across all verticals. - Plumbing: INR87 crores - Adhesive: INR32 crores - U.K.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.