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08-Nov-2024

Astral

Low demand


'Net sales (including other operating income) of Astral has increased 0.54% to Rs 1370.4 crore.  Sales of Plumbing segment fell 1.43% to Rs 966.40 crore (accounting for 70.52% of total sales).  Sales of Paints and Adhesives segment has gone up 5.59% to Rs 404.00 crore (accounting for 29.48% of total sales). 

During the quarter, PVC raw material prices were highly volatile on the downward side because of that there was a huge destocking from distributors & dealers community. Demand was low across the board in Industry because of heavy monsoon and low government spending in the sector. As a result, industry was in degrowth across the board.  Recently in September 2024, the company has started commercial production at Hyderabad plant, which will gear up in H2 and will improve the volumes in southern market in second half.

During the quarter bathware ha...



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More Reports
  • Results-Analysis   (08-Nov-2024)

    Astral

    Low demand

  • Results-Analysis   (09-Aug-2024)

    Astral

    Hyderabad plant to start commercial production by end of August 2024

  • Results-Analysis   (18-May-2024)

    Astral

    Hyderabad plant will be operational by end of June 2024

  • Results-Analysis   (31-Jan-2024)

    Astral

    Steady performance