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ASIANTILES Diversified 10 Feb 2026

Asian Granito India Limited — Q3 FY26

Asian Granito delivered a strong Q3 FY26 with consolidated revenue of ₹423 crore, up 15.8% YoY, driven by a shift to premium products (big format tiles, digital printing) and improved export realizations.

bullish high
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Revenue ₹423 Cr +15.8%
EBITDA ₹41 Cr +210%
PAT
EBITDA Margin
Duration 53 min
Read Time 1 min read

Financial stats pending filing verification

2-Minute Summary

✦ AI-Generated from Full Transcript

Asian Granito delivered a strong Q3 FY26 with consolidated revenue of ₹423 crore, up 15.8% YoY, driven by a shift to premium products (big format tiles, digital printing) and improved export realizations. EBITDA surged 210% YoY to ₹40.8 crore, reflecting better product mix and cost optimization. Management guided for continued double-digit growth, targeting ₹6,000 crore revenue by 2031 through retail expansion (500 exclusive showrooms) and outsourcing model, with minimal capex in ceramics. Key risks include global trade uncertainties and domestic competition from Morbi's overcapacity.

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Quarter Snapshot

ASP per sqm ₹360
+70% YoY

Average selling price improved from ₹99 to ₹360 per sqm due to premium product mix.

Exclusive showrooms 277
+25 in pipeline

Company targets 500 exclusive showrooms to strengthen retail presence.

Export share of revenue 15%
Target 18-20%

Export revenue expected to grow as US tariff advantage boosts big format and quartz exports.

Dealer network 2,700
Focus on quality over quantity

Management prioritizes dealer loyalty and premium club membership over adding new dealers.

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Guidance and risk preview

Top guidance Revenue target of ₹6,000 crore by 2031

Management expects to achieve ₹6,000 crore revenue by 2031 through product diversification, retail expansion, and outsourcing model.

Top risk Global trade and tariff risks

US tariffs and international trade tensions could impact export growth, though India's 18% duty is lower than China's 34%.

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