Asian Granito is seeing a surge in revenues on the back of robust global demand for Indian products, as well as good offtake in tier-II and III domestic markets. Executive director Prafulla Gattani explains how the company has built a dominant position in Bharat and why it is emerging unscathed despite the Covid attack. State
Tile major Asian Granito India Ltd (AGIL) reported 57.2% year-on-year (YoY) growth in consolidated net profit at Rs 19.8 crore in the September 2020 quarter. The company’s tiles division registered revenue growth of 15% YoY, and its bathware division witnessed “strong” demand, the company said in a press release. AGIL’s exports were at Rs 52.3
Tiles major Asian Granito India Ltd (AGIL) has launched AGL Export House at Wankaner in Morbi, Gujarat. The 15,000-sft centre will display over 3,000 tile, sanitaryware, and bath fittings in varied sizes, designs and finishes for the trade partners across the globe. The company has set a target to increase its retail touchpoints to over
Tiles major Asian Granito India Ltd (AGIL) has reported what the company described as “good” financial performance for the first quarter ended June 2020 amidst the “challenging” economic and business scenario prevailing across the world, the company said. AGIL reported consolidated net sales for the quarter ended June 2020 at Rs 129.40 crores, lower by 59%
Gujarat-based Asian Granito India Ltd, one of the leading manufacturer and exporter of tiles, marble and quartz, has launched AGL Atmanirbhar programme to drive retail and secondary sales in the semi-urban and rural areas. The company’s programme is aimed at reducing marketing costs and improving profitability while generating employment opportunities in these regions in the
Kamlesh Patel, chairman and managing director of Gujarat-based Asian Granito India Ltd has his wishlist ready for the Finance Minister Nirmala Sitharaman: 1. Tiles and sanitaryware should be brought in the 12% GST slab from 18% currently as it is no more a luxury item. Making the tiles and sanitaryware more affordable will help the
Tiles titan Asian Granito India Ltd (AGIL) has drawn up plans for its next leap of growth. The Rs 1187-crore company is aiming to surpass Rs 2,000 crore in revenues by March 2022 and emerge as a Rs 6,000-crore conglomerate by 2030, with 10% profitability. “AGIL was established in 2000 and has now become the
The domestic tile industry has been suffering at the hands of cheap imports. But the situation may change, thanks to Finance Minister Nirmala Sitharaman’s proposals for the industry in her maiden Budget. “The Budget will safeguard the domestic ceramic tile industry from cheap imports,” Kamlesh Patel, CMD, Asian Granito says. “Finance Minister’s proposal to increase
Gujarat-based ceramic tile maker Asian Granito (AGL) has recently inaugurated a 25,000-sft display showroom at Himmatnagar, to showcase its entire range of digital, vitrified, ceramic, porcelain, natural marble, composite marble, and quartz tiles. The company outlet displays over 1,400 products that have indoor and outdoor applications. Also on display is AGL’s newly launched range of
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