Asian Granito India reports 28.5% revenue growth to ₹530.95 crore in Q1 FY27, as subsidiaries scale and the company returns to quarterly profit.
Asian Granito India Limited (AGL) reported a 28.5% year-on-year increase in consolidated revenue from operations to ₹530.95 crore in Q1 FY27, supported by strong growth in its subsidiary businesses. The tile, marble, quartz and bathware manufacturer also returned to profitability after reporting a loss in the preceding quarter.
Consolidated operating EBITDA for the quarter ended June 30, 2026 stood at ₹32.88 crore, up 2.8% from ₹31.99 crore in Q1 FY26. EBITDA margin, however, moderated to 6.19% from 7.74% a year earlier. According to the company, the margin movement reflected a higher share of traded-goods revenue in the sales mix, while increased fuel prices also affected consolidated performance.
Profit after tax stood at ₹8.08 crore, compared with ₹11.29 crore in the corresponding quarter last year. Sequentially, the improvement was significant, with AGL reversing the ₹32.66-crore loss reported in Q4 FY26. Revenue was broadly stable sequentially against ₹538.50 crore in the preceding quarter.
Subsidiaries Drive Revenue Growth
One of the notable features of the quarter was the increasing contribution from AGL’s subsidiaries. Subsidiary revenue increased 64.9% year-on-year to ₹253.18 crore and accounted for 47.7% of consolidated revenue, compared with 37.2% a year earlier.
This growing contribution comes as AGL expands beyond its core tile operations across engineered marble and quartz surfaces and bathware. The company’s wider strategy has included subsidiary expansion, development of its display-centre and franchise network, and a greater focus on higher-value surface products. Its domestic distribution footprint extends to more than 277 exclusive franchise showrooms and over 18,000 retail touchpoints, according to company information compiled in the research dossier.
Standalone Operations Show Margin Improvement
At the standalone level, revenue from operations increased 7% year-on-year to ₹277.77 crore. Operating EBITDA grew 14.3% to ₹9.04 crore, while EBITDA margin improved from 3.05% to 3.26%.
Standalone PAT was ₹2.24 crore compared with ₹5.25 crore in Q1 FY26. AGL attributed the decline primarily to lower other income and increased gas prices, even as operating performance improved on both an absolute and margin basis.
The impact of energy costs remains relevant for a manufacturing-intensive business such as AGL. The company has also been expanding solar and wind power arrangements across its Gujarat operations as part of efforts to manage energy costs and reduce exposure to fluctuations in gas prices.
Premiumisation and Exports Remain in Focus
Commenting on the quarter, Kamlesh B Patel, Chairman, Asian Granito India Limited, said the performance reflected the company’s ongoing manufacturing capacity expansion and focus on premiumisation.
“Price realisations improved in comparison to Y-o-Y basis. Our subsidiaries continued to scale while holding profitability broadly steady, and we remain focused on rebuilding our export order book and driving further operating efficiencies across the group in the quarters ahead,” Patel said.
AGL currently derives the majority of its business from India while also selling across international markets. Its longer-term strategy envisages expanding higher-value surface products and its international footprint as it works towards a stated ambition of building a ₹6,000-crore revenue enterprise.
For Q1 FY27, the numbers indicate that Asian Granito India’s immediate momentum is being driven by revenue growth and the rapid scaling of subsidiaries. Improving operating efficiencies and rebuilding exports will be important to how that growth translates into profitability in the coming quarters.
ALSO READ