Astral Ltd Shares Price Jump Nearly 6% After Q2FY26 Results; Plumbing Volumes Rise 20.6%

Ahmedabad, November 6, 2025 – The share price of Astral Limitedsurged 5.97% to ₹1,554.80 at 1:15 PM, up from the previous close of ₹1,467.20, following the company’s strong Q2FY26 results. Both revenue and net profit improved, boosting investor sentiment for the coming quarter. The stock opened at ₹1,482.50, touched a high of ₹1,568, and is trading within a 52-week range of ₹1,482.50–₹1,867. The company’s market capitalization stands at ₹39,414.10 crore.

Incorporated in 1996, Astral Limited is listed on the NSE and the BSE. It is a leading manufacturer of CPCV pipes, fittings, adhesive, water tanks and paints. The company has recently expanded its reach in Kanpur and has built a plant to boost its upcoming orders and demand. The company is also a part of the Nifty Midcap 150.

Strong Q2FY26 Performance

Astral Limited reported a strong consolidated revenue growth of 15.1% in Q2FY26. EBITDA and PAT rose 22.5% and 24%, respectively, reflecting robust financial performance. Operational margins improved by 100 basis points to 17%, while EPS increased 22.4%, highlighting the company’s efficiency and profitability.

Segment-Wise Highlights

Astral Limited’s diverse business portfolio showed strong performance across segments. The plumbing segment recorded a 15.7% revenue growth and a 20% increase in EBITDA year-on-year. Sales volumes rose 20.6%, while the paint and adhesive segment saw revenue growth of 13.6%. Improved demand and better margins contributed to the EBITDA expansion across these segments.

Key Developments

The Adhesives India segment grew 15.8% and posted EBITDA margins of 17%, while international adhesive sales grew 5.2% and contributed 7.3% to margins. The Bathware division’s revenue grew 13.8% YoY to ₹329 million. The company started commercial production at its Kanpur plant in October 2025, expanding its footprint in the northern part of the country. Astral announced an interim dividend of ₹1.50 per share (face value Re 1). Total consolidated cash and bank balance were ₹5,552 million as of September 30, 2025.

Management Commentary

The firm noted that although PVC prices fell by 10.6% along with soft demand for polymers, Astral gained market share beyond the industry, which showed weakness, driven by increased sales of value-added products and execution in all segments.

REF: https://nsearchives.nseindia.com/corporate/ASTRAL_05112025165432_Press_Release.pdf

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