Asian Granito India Limited — Updates, 14-11-2024: Press Release

Asian Granito India Ltd reported consolidated net sales of Rs. 384 crore for Q2FY25, a decrease of 4% year-on-year compared to Rs. 401 crore in Q2FY24. Despite challenges such as raw material cost fluctuations and intense competition, the company achieved a consolidated net profit of Rs. 4.7 crore, improving from a loss of Rs. 2.8 crore in the previous year. EBITDA for the quarter was Rs. 15.6 crore, reflecting an EBITDA margin of 4.1%, down from 5.3% a year prior. Exports also saw robust growth, reaching Rs. 77 crore, a 26% increase year-on-year.

Strategically, the company has approved an equity shareholder meeting to consider a proposed demerger and has launched a new product range, expanding its kitchen and bathware SKUs. The appointment of Bollywood stars Ranbir Kapoor and Vaani Kapoor as brand ambassadors is expected to enhance brand visibility and appeal, particularly among younger consumers, aligning with the company’s growth aspirations. Overall, Asian Granito demonstrates a positive outlook driven by strategic initiatives, product innovation, and increased market engagement.