• PVC price impact: A ₹2,000 per metric ton hike in PVC prices provides inventory gains and stimulates dealer restocking, with Astral passing price increases directly to retail after giving distributors a 3–4 day window.
• Plumbing segment performance: The core plumbing division registered 24% volume growth and a 25% jump in revenue alongside a 250 basis point margin improvement, leading to market share gains across the industry.
• Adhesive margin contraction: Margins in the paints and adhesives business contracted by 450 basis points due to a ₹16 crore marketing expenditure on brand ambassador endorsements and campaigns for the BondTite brand.
• Raw material pricing: PVC resin price revisions are set weekly on Wednesdays by Reliance Industries, with occasional mid-week adjustments depending on international market volatility.