PVC price volatility in October
PVC prices dropped sharply by ₹11/kg in early October, leading to potential inventory losses and channel destocking in Q3.
ASTRAL / Q2-FY24 / risks
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Astral · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Slower-than-expected paint business recovery
Paint revenue declined 6% YoY despite sequential improvement; full recovery depends on successful SAP stabilization and team integration.
Capacity utilization constraints
With 28% volume growth, utilization is rising; management acknowledged 85% utilization is possible but may strain operations if demand surges further.