Astral Targets 20% Growth In FY27: Management On Margin Recovery, Paint Business & New Launches
ET Now · 06 Nov 2026 · 6 min
Management interview of Astral Ltd (ASTRAL), with 7 key numbers discussed.
- Hiranand Savlani, Executive Director and Chief Financial Officer, Astral
Astral's CFO Hiranand Savlani stated that sharp polymer cost increases impacted Q2 margins due to a transmission lag, but price hikes of 10% in PVC and 5% in CPVC have fully passed on the inflation. Astral maintained its full-year margin guidance and raised its FY27 India Adhesives growth outlook from 15% to over 20%. The company expects multiple new product launches in H2FY27, primarily in Q3, to boost next year's performance. For the paints segment, Astral targets an 8-9% EBITDA margin next year, supported by cooling crude prices and higher contributions from DSS.