Asian Granito Promoters Buy 6 Lakh Shares as Company Posts Strong H1FY26 Turnaround

The promoter group of Asian Granito India Limited (AGL), one of India’s leading luxury surfaces and bathware solutions companies, has acquired a total of 6 lakh equity shares from the open market, reinforcing confidence in the company’s growth trajectory.

On December 22, 2025, Mr. Kamlesh Patel, Chairman and Managing Director of Asian Granito India Ltd, purchased 3,00,000 equity shares from the open market. Following this transaction, his shareholding along with persons acting in concert (PAC) increased to 7.14 per cent.

Subsequently, on December 23, 2025, Mr. Mukesh Patel, Managing Director of the company, acquired an additional 3,00,000 equity shares from the open market. Post-acquisition, his holding along with PAC rose to 10.79 per cent. After these transactions, the total promoter group holding stands at 33.72 per cent.

The share purchases come at a time when the company has reported a strong operational and financial turnaround. For H1FY26 ended September 30, 2025, Asian Granito reported a consolidated net profit of Rs 23.2 crore, compared with a net loss of Rs 1 crore in the corresponding period last year.

Net sales for H1FY26 increased by 8 per cent year-on-year to Rs 795.2 crore, as against Rs 736.2 crore in H1FY25. EBITDA for the period rose sharply by 102 per cent year-on-year to Rs 61.5 crore, with EBITDA margins improving to 7.7 per cent, compared to Rs 30.5 crore and 4.1 per cent margins in the previous year.

Founded in 2000, Asian Granito India Ltd has grown over the past two and a half decades into one of India’s largest luxury surfaces and bathware brands. The company manufactures and markets tiles, engineered marble and quartz, sanitaryware, and faucets. It operates 277 plus exclusive franchisee showrooms, 13 company-owned display centres, and a pan-India distribution network with 18,000 plus touchpoints. The company also exports its products to more than 100 countries, strengthening its global presence.

AGL has also intensified its brand-building initiatives. Bollywood actor Ranbir Kapoor has been appointed as the brand ambassador for the company’s “Premium ka Pappa” campaign, while its Bonzer7 brand has onboarded actress Vaani Kapoor for the “Kya Baat Hain” campaign. These initiatives aim to deepen consumer engagement and strengthen AGL’s positioning in the premium and youth-focused segments.

Headquartered in Ahmedabad, Asian Granito India Ltd is listed on the NSE and BSE and reported a net consolidated turnover of Rs 1,628 crore in FY25. The company continues to focus on innovation, value-added products, and capacity expansion to reinforce its leadership in the Indian ceramic and bathware industry.

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