Astral delivered a robust 15.9% revenue growth and 15.5% consolidated EBITDA margin, significantly outperforming a sluggish polymer industry that contracted 10%. Growth was driven by adhesives and paints, despite flat plumbing volumes.
Astral Limited approved demerging its chemical (adhesives, paints, sealants) and plumbing (pipes, bathware) businesses to improve capital discipline and operational focus.
Astral is executing a strategic demerger of its Chemical and Plumbing/Bathware businesses to drive transparency and hyper-growth, seeking to bring the high-margin adhesives segment out of the plumbing business's shadow.
Astral held its 20th Analyst Meet in May 2026, outlining its 'Vision 2050' with a focus on CPVC backward integration, PP drainage systems, and scaling the chemical and bathware divisions.