External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Operational Performance: Astral continues to demonstrate industry-leading operating execution, with Q4FY26 revenue at Rs 2,089 Cr (+24% YoY) and adj.EBITDA at Rs 383 Cr, despite sharp volatility in PVC/CPVC prices.</li><li>The core plumbing segment delivered 16% volume growth, significantly ahead of industry single-digit trends, while maintaining 22.8% EBITDA margins.</li><li>This shows Astral’s strong pricing power, brand pull, and distribution strength. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Operational Performance: Astral continues to demonstrate industry-leading operating execution, with Q4FY26 revenue at Rs 2,089 Cr (+24% YoY) and adj.EBITDA at Rs 383 Cr, despite sharp volatility in PVC/CPVC prices.The core plumbing segment delivered 16% volume growth, significantly ahead of industry single-digit trends, while maintaining 22.8% EBITDA margins.This shows Astral’s strong pricing power, brand pull, and distribution strength. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Astral Ltd. - Strong Growth Momentum Ahead!