Guidance ledger · Q4 FY26

Astral Ltd ASTRAL

4 revisions on record · 0 lowered · 2 raised — the strikethrough is what management used to say

directional guidance only · shifted across quarters

↑ raised Plumbing FY27 value growth Q1 FY26 → Q4 FY26

~~Double-digit volume growth (10-15%)~~ → 10-15% volume + 10% polymer inflation = ~18-25% value growth

“8%, then the value will be 18%. So that kind of gap is going to be there in the coming”

↑ raised Paint business growth Q1 FY26 → Q4 FY26

~~20% growth (Q1FY26 guidance, on ~INR240cr base)~~ → 25-30% growth for FY27 + positive EBITDA + INR1,000cr in 3-4 years

“the last quarter it was 31%. And next year we are expecting more than 25% growth”

→ narrowed CPVC resin plant timeline Q1 FY26 → Q4 FY26

~~Commissioned by Q2FY27 (40,000 MT, INR150cr)~~ → Dec'26 trials, Q4FY27 commercial production, capex INR120cr spent, 50-60% replacement next fiscal, doubling to 1 lakh MT at INR50cr incremental

“you are going to get the big advantage that is going to be 40,000 metric tan. If”

→ narrowed UK Adhesive EBITDA margin Q1 FY26 → Q4 FY26

~~5.4% Q1FY26 (post forex), 7.33% Q2FY26 - guided to double-digit by FY27~~ → 6.5% positive EBITDA Q4FY26, 22.9% Q4 growth, FY27 guidance 8-10% EBITDA + double-digit growth

“growing giving 8 to 10% plus EBITDA and at the same time adding more products and”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.