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Revenue
₹462 Cr
verified against source
Revenue YoY
15.8%
reported change
EBITDA
₹40.8 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects to achieve ₹6,000 crore revenue by 2031 through product diversification, retail expansion, and outsourcing model.
- Capex for FY26 is estimated at ₹25 crore, mainly for showrooms and international warehouses; FY27 capex at ₹40 crore.
- Company plans to have 500 exclusive showrooms in the coming years to boost retail presence.
- Management stated no new greenfield capex in ceramics; growth will be driven by outsourcing and technology upgrades.
Risks flagged
- US tariffs and international trade tensions could impact export growth, though India's 18% duty is lower than China's 34%.
- Analyst raised concern about Morbi's overcapacity and plant shutdowns; management acknowledged 300 units closed in last 5 years but believes technology-driven plants will survive.
- Shift to retail requires 3-4 months of inventory, increasing working capital requirements.
- Third quartz line is only 10% utilized due to US export slowdown, though management expects recovery.
Key quotes
- हमारा जो रियलाइजेशन ₹99 से बढ़कर ₹360 स्क्वायर मीटर हो गया है।
- हमारा लक्ष्य है कि 2031 तक ₹6000 करोड़ का रेवेन्यू हासिल करें।
- हम सिरामिक में कोई नया ग्रीन फील्ड कैपेक्स नहीं करेंगे, आउटसोर्सिंग मॉडल से ग्रोथ करेंगे।
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