ASTRAL Q1 ; PAINTS & ADHESIVES DELIVER STRONG GROWTH, PAINTS HIT EBITDA BREAK-EVEN

ASTRAL Q1 ; PAINTS & ADHESIVES DELIVER STRONG GROWTH, PAINTS HIT EBITDA BREAK-EVEN $ASTRAL • 🧴 India Adhesives sales grew 24.9%, with EBITDA margin at 12.2%; continued market-share gains • 🌍 Overseas Adhesives sales jumped 26%, significantly ahead of 10%+ growth guidance; EBITDA margin turned positive at 4.9% • 🏘️ New Bharat added 8,000+ towns, taking direct dealer network beyond 1,500 • 🎨 Paints sales surged 48.7%, the highest growth in its history, with the business reaching EBITDA break-even • 📈 Paint growth was broad-based across all six operating states, indicating improving market acceptance • 💰 Adhesives margins faced temporary raw-material pressure; management expects improvement from Q2