Astral's consolidated revenue growth of ~21% YoY in Q2FY19 was led by strong revenue growth in the adhesive segment by 24% YoY along with consolidation of revenue of Rex Polyextrusion (Rex) from the current quarter. However, standalone piping segment recorded moderate growth of ~10% YoY led by lower-than-expected volume growth of ~6% YoY. Anticipation of a price cut, strike of transporters coupled with floods in Kerala had impacted overall volume growth, especially in the PVC piping segment. The company has taken a price...