India's Astral slides as margin pressure overshadows higher Q4 profit

Astral

19/05/2026 06:13

** India's Astral ASTL.NS drops 6.5% to 1,445 rupees

** Plumbing firm reports higher quarterly profit and revenue, however, analysts flagged a sharp decline in margins

** Jefferies says sales growth remained strong in Q4 but EBIT margins in adhesives business contracted 55 bps, calling it a "sharp decline"

** Citi says co's strong volume growth was offset by the margins decline in the adhesives segment

** Motilal Oswal analysts flagged rising prices of polymers may further hit margins, even though price hikes have been passed to customers

** Avg rating of 29 analysts on ASTL at "buy"; median PT is 1,721.50 rupees - data compiled by LSEG

** YTD, stock up 4.2%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))