Input cost volatility to keep plastic pipe maker Astral's margins in check

Market share gain continues, company seeks to double consolidated revenues in five years

The country’s largest plastic pipe maker by market capitalisation, Astral, did better than Street expectations during the April-June (Q1 of FY23) quarter.

Strong volume growth on a low base and higher realisations in its core plumbing segment as well as incremental gains from adhesives and newer segments led to the revenue growth.

Consolidated revenues were up 73 per cent over the year-ago quarter to Rs 1,212 crore.

The plumbing business, which accounts for over 72 per cent of revenues, grew by 74 per cent year-on-year (YoY).

It was on the back of higher PVC pipe realisations and a 49 per