Stock Under Rs 70: Asian Granito India Ltd Reports Rs 795 Crore Consolidated Sales in H1 FY26; Net Profit Surges Over 4000% After Restructuring

Asian Granito India Ltd (AGL), a leading Luxury Surfaces and Bathware Solutions company, announced strong financial performance for the second quarter (Q2) and first half (H1) of FY26. The company’s consolidated results reflected improved profitability following its recent corporate restructuring and operational initiatives.

In H1 FY26, consolidated net sales stood at Rs 795 crore, marking an 8.0 per cent rise compared to Rs 736 crore in H1 FY25. EBITDA reached Rs 61.5 crore, up 101.8 per cent from Rs 30.5 crore, while EBITDA margin expanded by 360 basis points to 7.7 per cent. Net profit stood at Rs 23.2 crore, showing a 4001 per cent surge compared to a loss of Rs 1 crore in H1 FY25. Net profit margin improved by 300 basis points to 2.9 per cent.

For Q2 FY26, consolidated net sales were Rs 406.9 crore, an 8.2 per cent year-on-year growth from Rs 376.1 crore. EBITDA rose to Rs 36.7 crore, with the margin expanding by 508 basis points to 9.0 per cent. Consolidated net profit increased sharply to Rs 15.6 crore, up 1290 per cent from Rs 1.2 crore in Q2 FY25, indicating a significant turnaround in profitability.

On a standalone basis, AGL reported Q2 FY26 net sales of Rs 272.4 crore and EBITDA of Rs 10.5 crore, achieving a 3.9 per cent EBITDA margin compared to a negative margin last year. Standalone net profit stood at Rs 7.8 crore against a loss of Rs 1.2 crore in Q2 FY25. For H1 FY26, standalone net sales were Rs 532.1 crore, EBITDA Rs 18.4 crore, and net profit Rs 13 crore.

The company’s improved results followed the composite scheme of arrangement, which became effective on July 1, 2025, after approval by the National Company Law Tribunal, Ahmedabad Bench. The restructuring included demerger and share exchange agreements among AGL, Affil Vitrified Pvt Ltd, Ivanta Ceramics Industries Pvt Ltd, and Crystal Ceramic Industries Ltd.

Chairman and Managing Director Mr Kamlesh Patel stated that the restructuring marked a milestone in the company’s growth journey. He added that Q2 FY26 results reflect operational discipline and sustainable growth. AGL has initiated an Enhanced Strategic Integration Programme (ESIP) to target Rs 6000 crore in total revenue within the next 4–6 years.

During Q2 FY26, exports stood at Rs 64 crore, down 17 per cent year-on-year, while H1 FY26 exports were Rs 127 crore. AGL also strengthened its brand with actor Ranbir Kapoor leading the “Premium ka Pappa” campaign and actress Vaani Kapoor endorsing the Bonzer7 brand under the “Kya Baat Hain” campaign.

Founded in 2000, AGL manufactures and markets tiles, engineered marble and quartz, sanitaryware, and faucets. The company operates 14 manufacturing units in Gujarat with a production capacity of 54.5 million sq. mtrs per annum. It has 277 exclusive franchisee showrooms, 13 company-owned display centers, and over 18,000 touchpoints across India. AGL exports to more than 100 countries and reported a consolidated turnover of Rs 1628 crore in FY25.

Disclaimer: The article is for informational purposes only and not investment advice.