Q1-FY24 · Hiranand Savlani
We are making ourself ready for that, and if the time will come, we should not be shy away, because we don't have any issue to ramp up the capacity.
ASTRAL / language trends
Read confidence between the lines.
Astral · tone and specificity signals across the available quarters.
Research layer active
Language signals
What changed in management language.
tracked
Q1-FY24 · Sandeep Engineer
We are not just interested in only selling the fast-moving and the low end of the spectrum. We have four ranges, we want to justify all of the, our product that we launch.
Q1-FY24 · Hiranand Savlani
We have to keep patient, and we have to be waiting for few more quarters, and then all of a sudden, you will feel that what happened? All of a sudden number.
Q1-FY25 · Hiranand Savlani
We are always giving the guidance of full year basis. One quarter will not be the right method to do the evaluation on all the parameters.
Q1-FY25 · Sandeep Engineer
We are as a family and we are as all of us, always cautiously working and to see that things move in the right direction.
Q1-FY25 · Sandeep Engineer
If the challenges come up in growth or in numbers or in polymers or chemicals or anywhere, we will be obviously cutting on the cost and see that we are maintaining our guidelines.
Q1-FY26 · Hiranand Savlani
This is the game changer announcement which Astral Limited has done yesterday for entering into CPVC resin manufacturing business.
Q1-FY26 · Kairav Engineer
Quality has been in our DNA since day one. We are the ones who will always advocate for the good quality product for our Indian consumer at the fair prices.
Q1-FY26 · Hiranand Savlani
If I remove that effect of inventory losses, still it is much, much better than the industry.
Q2-FY24 · Hiranand Savlani
We have guided that we will be working in the range of 16%-18%. So I'm very happy to say that we are on a higher side of what we have guided.
Q2-FY24 · Hiranand Savlani
We are increasing our guidance from 15% to more than 20% volume. That means minimum 20% plus volume growth for the full year.
Q2-FY24 · Sandeep Engineer
We are not looking of break even INR 1 crore here and there. We are having a vision of next 10 year.
Q2-FY25 · Sandeep Engineer
We are not doing anything burning any cash. We are building business. We are building a very strong Astral with all these four verticals, which will be more stronger in coming time.
Q2-FY25 · Hiranand Savlani
We are not in a game of only to show the number. Whatever the reality is there, we have to say to the market that this is the reality of the market.
Q2-FY25 · Sandeep Engineer
We are not here for this year, one year or two years. We are here for next 25 years or maybe 50 years. So we are looking for a long-term vision of the company.
Q2-FY26 · Sandeep Engineer
We are not only chasing margin or we will not only chase volume. We will do a fair mix of maintaining the volume as well as the margin.
Q2-FY26 · Hiranand Savlani
This company is not only looking for the margin, but at the same time, continuously, we want to grow our market share, which we have demonstrated in the last 20 years.
Q2-FY26 · Hiranand Savlani
The best part is that we have not invested any money. If I add this plant, investment will be negative.
Q3-FY24 · Hiranand Savlani
We have never, ever seen such pressure in polymer price in last so many years, which we are seeing since last 3 quarters.
Q3-FY24 · Hiranand Savlani
We are gaining market share in both our flagship verticals, that is pipe and adhesive.
Q3-FY24 · Sandeep Engineer
We don't want to rush, and we want to grow slowly, steadily, with a steady and consistent growth.
Q3-FY25 · Hiranand Savlani
We are not discounting anyway. Even you see in the past quarters also, we have not sold any of our product at a discounted rate.
Q3-FY25 · Sandeep Engineer
If I want to open the pan India, it would be disaster for Astral, which we will never do by employing so many employees or overstretching in capital expenditures or doing anything for heavy marketing budgets.
Q3-FY25 · Hiranand Savlani
We are not going to lose the market share and maintain the margin. That will never be the mindset of the management.
Q3-FY26 · Kairav Engineer
We are breaking away from the pack. Piping in India is largely everyone talks about CPVC and PVC. We are quickly breaking away from the pack, and with our new products that we are launching, we are becoming more and more attractive to our channel partners.
Q3-FY26 · Kairav Engineer
We are giving growth, but at the same time, we are giving the best margins. That is very important. People have sacrificed yields on margin, but not substantial growth has been given.
Q3-FY26 · Kairav Engineer
We are not here to enjoy huge margins on the CPVC business. Rather than that, our strategic aim is to make this backward integration and gain market share.
Q4-FY24 · Sandeep Engineer
We are not here to do magic, but next year, our target is INR 300 crores plus, around that, in paints, and we'll deliver this number.
Q4-FY24 · Sandeep Engineer
Our OPVC CapEx, typically, we are going to invest 1/4 of what our peers have invested in OPVC.
Q4-FY24 · Hiranand Savlani
We are very clear that we don't want to do the business at the cost of balance sheet, so we are very clear. We will be happy with 1% or 2% lesser growth, but we will not dilute our balance sheet.
Q4-FY25 · Sandeep Engineer
In this scenario, as you can see, all the four quarters, we have been giving very good results. The growth has been minuscule, but the margins have been well maintained, improved.
Q4-FY25 · Hiranand Savlani
Astral is the only company in the country which has improved the gross profit margin. We have improved the GP by 1%, and we have maintained our EBITDA. This is what the power of the brand, I can say, Astral in the market.
Q4-FY25 · Hiranand Savlani
We are of the view that the pricing is going to remain volatile. ... So sooner or later, anti-dumping duty will be there.