Astral Ltd. share price target

Astral Ltd reported better than expected consolidated revenue growth of 73.1% YoY (3-year CAGR of 26%) on a low base with its plumbing/adhesive segments witnessing growth of 73.8%/45.2% YoY respectively.

Robust performance continues amid margin pressure

Consolidated Q1 revenue grew 73% YoY with plumbing/paints & adhesives up 74%/72%; pipe volumes increased 49%

Healthy performance continues amid margin pressure

Consolidated Q4 revenue grew 23% YoY with pipe/adhesive segments up 22%/27%; pipe volumes increased 11%

Astral Ltd reported consolidated revenue growth of 23.3% YoY with piping/adhesive segment witnessing growth of 22.3%/27% YoY. Piping volume increased 11% YoY with EBIDTA/kg declining by 21.4%/17.9% YoY/QoQ, respectively. Consolidated EBIDTA margin dipped 698bps YoY to 15.6% due to lower profitability in both the segments.

Robust performance with market share gain continues

Consolidated Q3 revenue grew ~23% YoY with pipe/adhesive segments up 25%/16%; pipe volumes dipped 4% due to dealer destocking