Astral Limited announced its un-audited financial results for the Quarter and Nine Months ended December 31, 2025. The company reported a consolidated revenue growth of 10% to ₹15,415 million for Q3 FY26, compared to ₹13,970 million in the same period last year. For the nine months ended December 31, 2025, consolidated revenue grew by 7.9% to ₹44,801 million from ₹41,510 million. The Plumbing business demonstrated robust performance with a volume growth of 16.8% in Q3 FY26, contributing to a revenue of ₹10,720 million, an increase of 8.3% year-on-year. The Paints and Adhesives business also saw significant growth, with revenue rising by 15.4% to ₹4,695 million in the quarter. Despite a weak overall demand scenario in the Plastic Pipe Industry and pressure on realizations due to lower PVC and CPVC prices, Astral Limited managed to deliver numbers within its guidance, achieving the highest EBIDTA in the industry at 18.2% for its plumbing segment. The Bathware business recorded a sales revenue growth of 36.5% in Q3 FY26, and Adhesive India Business grew by 14% in sales. In strategic developments, Astral Limited acquired an 80% equity stake in Nexelon Chem Private Limited on November 5, 2025, for a cash consideration of ₹0.08 million, with Nexelon Chem proposed to be engaged in CPVC resin manufacturing. The company also started its Kanpur Facility in October 2025, increasing its pipes and fittings production capacity. Furthermore, Astral aims to strengthen its growth in pipes and water tanks by expanding manufacturing footprint and launching STP Pro in collaboration with Shubham INC. The company's DJSI ESG score was upgraded from 48 to 60, against an industry average of 34. The New Labour Codes resulted in a one-time increase in provision for employee benefits amounting to ₹165 million, presented under 'Exceptional Items' in standalone results.
