Asian Granito India Limited (AGIL), one of India’s leading tiles companies is aiming to continue the strong growth momentum in the FY 22. Strategic growth initiatives, operational efficiencies, financial prudence, geographical and product expansion along with low capex and asset light model for expansion are likely to drive the growth in the revenue and margins for the current financial year. Company has recently announced a rights issue of Rs. 225-crore, proceeds of the issue to be utilised to reduce debt and for expansion purpose.
For the Q4FY21, company posted healthy 68% growth in the net sales, 100% growth in EBITDA and 181% growth in Net profit Y-o-Y. Exports for Q4FY21 registered 42% growth. The Company’s average capacity utilizations for the Q4FY21 were 95%, owing to good domestic and international demand. With an improvement in operational efficiency, financial prudence and healthy product mix, EBITDA margins of the company has improved to 9.5% in the quarter ended March 21.
Asian Granito India Limited has the widest range of products including, ceramic floor, digital wall, vitrified, parking, porcelain, glazed vitrified, outdoor, natural marble, composite marble & Quartz, etc.
