business / news / / CNBC TV18
Astral's plumbing business reported strong volumes, as they increased 24.2% in the fourth quarter to 84,014 MT from last year and remained the key growth driver for the company.
Astral's Q4 net profit grew 20% to ₹213 crore, missing expectations of 45% growth.
KEY POINTS
- Q4 plumbing volumes rose 24.2% to 84,014 MT, indicating market share gains in piping.
- Adhesives segment EBIT margin contracted 500 basis points despite 22% sales growth, impacting consolidated margins.
- EBITDA grew 62% in Q4, exceeding estimates, but annual profit and revenue growth lagged expectations.
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