'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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