Astral Limited Reports Q2FY27 Performance and Updates Guidance

Astral Limited reported a recovery in plumbing demand and expects sustained double-digit volume growth in the second half of FY27. It maintained its FY27 pipe and fittings volume growth guidance at 10–13%, but cut EBITDA margin guidance to 13–14% from 15–17%, citing higher raw material costs, high-cost inventory and delayed price increases. After strong first-half performance, the company is considering raising domestic adhesives revenue growth guidance to 15–20%; its UK adhesives business is targeting 9–10% EBITDA margins by FY27-end.