Astral pipes conference call recording can be listened through this link
Excerpts:
- Faucets: Ready to use asset acquired at Jamnagar. Production under ASTRAL brand has already started and very few will be outsourced
- First showroom for Faucets unveiled at Ahmedabad
- Distributors and dealers for Faucets & Sanity ware is completed and sales growth expected from Q3
- Legal documentation and fund transfer for Paint business completed. The factory in Bangalore can produce 4X turnover without additional capex
- Margins under pressure in pipe division due to input cost pressure, Launch cost of new products and Forex loss (11.7 Crore). Adhesives margin expected to improve in the coming quarters due to fall in chemical prices. Total 48 crores of loss.
- New business verticals: Plumbing, Paints & Adhesives. Subsequent results will be under these heads
- Consolidation of paint business completed
- CAGR performance. While overall performance is good, Q2 may have some impact
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