Asian Granito India Turnaround Business Operations Posts Robust 9MFY26 Net Profit of Rs 43.83 Crore

Asian Granito India Ltd (AGL) demonstrated a significant financial turnaround in the first nine months of FY26, reporting consolidated net sales of Rs 1,219.10 crore, a 10.60 per cent increase year-over-year. This growth was anchored by a dramatic shift in profitability, with the company swinging from a Rs 4.97 crore loss to a net profit of Rs 43.83 crore. The operational surge was particularly evident in the EBITDA, which climbed 134.43 per cent to Rs 102.34 crore. This momentum accelerated in the third quarter, where net sales rose 15.80 per cent to Rs 423.93 crore and EBITDA margins expanded by 603 bps, driven largely by enhanced operational efficiencies and buoyant market demand.

The company’s strategic expansion continues both domestically and internationally, recently highlighted by the acquisition of a 26 per cent stake in Allomex Steel Private Limited. On the standalone front, Q3FY26 saw a 336.25 per cent rise in net profit, while exports remained a vital pillar, accounting for approximately 15 per cent of the total turnover for the nine months. These figures reflect a robust recovery and a stabilising business model that effectively converted revenue growth into substantial bottom-line gains across both consolidated and standalone operations.

The outlook for AGL is further bolstered by a transforming global trade landscape, specifically the reduction of U.S. import tariffs on Indian ceramic products to 18 per cent. Following the India-EU Free Trade Agreement, this shift grants Indian manufacturers a significant competitive edge over Chinese exports, which face a 34 per cent tariff burden in the US market. As the US previously accounted for nearly 9 per cent of India’s tile exports, this favourable tariff regime and the resulting supply-chain certainty are expected to drive sustained export momentum and reinforce India's status as a global hub for high-value surface solutions.

Commenting on the company’s performance during the quarter, Mr Kamlesh Patel, Chairman and Managing Director, AGL, said, “Innovating product mix and robust growth in demand backed by the booming Real Estate market and a strong uptick in infrastructure projects supported by various government initiatives support. The strong performance is a testament to the buoyant demand. We have launched a number of new products across various categories, which are expected to give a further fillip to sales moving forward. We expect a good growth in both our topline and bottom-line in the coming quarters.”

About Asian Granito India Limited:

Since its inception in 2000, Asian Granito India Limited (AGL) has rapidly evolved into the fourth largest listed ceramic tile company in India, achieving a remarkable 65-fold increase in production capacity to reach 54.5 million square meters per annum by FY 2025. Headquartered in Ahmedabad and recognised at the Vibrant Gujarat Summit for its phenomenal growth, the brand has built a global reputation for innovation and quality across its diverse portfolio of luxury surfaces, bathware, and faucets. Supported by 14 state-of-the-art manufacturing facilities in Gujarat, AGL operates an extensive pan-India distribution network of over 18,000 touchpoints—including 277 exclusive franchisee showrooms—while maintaining a significant international presence through exports to more than 100 countries.

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