Ahmedabad (Gujarat) [India], Might 23: Asian Granito India Restricted (AGL), one of the most important Luxurious Surfaces and Bathware Options manufacturers has achieved a big enterprise turnaround, reporting a drastic enchancment in the operational and monetary efficiency throughout This autumn and FY23-24 ended 31st March 2024 as in comparison with the enterprise efficiency reported in FY 22-23.
Enterprise Highlights:-
- In This autumn FY24 Net gross sales was reported at Rs. 424 crore, EBITDA at Rs. 20 crore, Net Loss at Rs. 6 crore
- Exports for This autumn FY24 at Rs.76 crore; Exports throughout FY24 at Rs.246 crore comprising 16% of income
- Firm signed Bollywood star Ranbir Kapoor as model ambassador and launched marketing campaign “Premium ka Pappa”
- Firm is organising Mega Show Centre cum Workplace at Ahmedabad with an estimated funding of Rs. 73.80 crore and likewise plans to organising of Inventory Level for Buying and selling of Constructing Building Materials.
- Inaugurated AGL Universe – a mega dimension showroom Panchkula, Haryana to broaden the retail footprint
- Launched into a journey of enhanced strategic integration programme (ESIP) to realize a long-term imaginative and prescient of attaining a complete income of Rs. 6,000 Crore
Monetary Highlights (Standalone)
| This autumn FY24 | This autumn FY23 | Y-O-Y | FY24 | FY23 | Y-O-Y | |
| Net Sales (Rs. Cr) | 350.79 | 398.59 | (12%) | 1305.14 | 1353.74 | (4%) |
| EBITDA (Rs. Cr) | 8.18 | (43.55) | 119% | 29.61 | (38.52) | 177% |
| EBITDA Margin (%) | 2.33% | (10.93%) | 1326 bps | 2.27% | (2.85%) | 511 bps |
| Net Revenue (Rs. Cr) | 8.85 | (32.56) | 127% | 29.10 | (26.74) | 209% |
| Net Revenue Margin (%) | 2.52% | (8.17%) | 1069 bps | 2.23% | (1.98%) | 421 bps |
Standalone Highlights: – FY24 Outcomes
The Firm has reported a standalone web revenue of Rs. 29.10 crore for the monetary 12 months ended 31st March 2024 as in comparison with the web loss of Rs. 26.74 crore for the complete 12 months of FY23. Standalone Net gross sales of the corporate reported de-growth of 4% to Rs. 1305.14 crore in FY24 as towards web gross sales of Rs. 1353.74 crore in FY23. EBITDA for FY24 stood at Rs. 29.61 crore (EBITDA Margin 2.27%) as towards destructive EBITDA of Rs. 38.52 crore (EBITDA Margin destructive 2.85%) in FY23.
Standalone Highlights: – This autumn FY24 Outcomes
The Firm has reported a standalone web revenue of Rs. 8.85 crore for This autumn FY24 as in comparison with the web loss of Rs. 32.56 crore for This autumn FY23. Standalone web gross sales for This autumn FY24 reported de-growth of 12% to Rs. 350.79 crore as towards gross sales of Rs. 398.59 crore in This autumn FY23. EBITDA for This autumn FY24 stood at Rs. 8.18 crore (EBITDA Margin 2.33%) as towards destructive EBITDA of Rs. 43.55 crore (EBITDA Margin destructive 10.93%) in This autumn FY23.
Monetary Highlights (Consolidated)
| This autumn FY24 | This autumn FY23 | Y-O-Y | FY24 | FY23 | Y-O-Y | |
| Net Sales (Rs. Cr) | 423.63 | 455.75 | (7%) | 1530.59 | 1562.72 | (2%) |
| EBITDA (Rs. Cr) | 19.89 | (44.05) | 145% | 50.98 | (68.11) | 175% |
| EBITDA Margin (%) | 4.70% | (9.66%) | 1436 bps | 3.33% | (4.36%) | 769 bps |
| Net Revenue (Rs. Cr) | (5.54) | (48.41) | 89% | (20.07) | (87.01) | 77% |
| Net Revenue Margin (%) | (1.30%) | (10.62%) | 932 bps | (1.31%) | (5.57%) | 426 bps |
Consolidated Highlights: – FY24 Outcomes
The Firm has reported a consolidated web loss of Rs. 20.07 crore for the monetary 12 months ended thirty first March 2024 as in comparison with the web loss of Rs. 87.01 crore for the complete 12 months of FY23. Consolidated Net gross sales of the corporate reported de-growth of 2% to Rs. 1530.59 crore in FY24 as towards web gross sales of Rs. 1562.72 crore in FY23. EBITDA for FY24 stood at Rs. 50.98 crore (EBITDA Margin 3.33%) as towards destructive EBITDA of Rs. 68.11 crore (EBITDA Margin destructive 4.36%) in FY23. Exports for the FY24 was reported at Rs. 246 crore, rise 9% Y-o-Y as in comparison with export of Rs. 226 crore in FY23.
Consolidated Highlights: – This autumn FY24 Outcomes
The Firm has reported a consolidated web loss of Rs. 5.54 crore for This autumn FY24 as in comparison with the web loss of Rs. 48.41 crore for This autumn FY23. Consolidated web gross sales for This autumn FY24 reported de-growth of 7% to Rs. 423.63 crore as towards gross sales of Rs. 455.75 crore in This autumn FY23. EBITDA for This autumn FY24 stood at Rs. 19.89 crore (EBITDA Margin 4.70%) as towards destructive EBITDA of Rs. 44.05 crore (EBITDA Margin destructive 9.66%) in This autumn FY23.
Commenting on the outcomes and efficiency, Mr. Kamlesh Patel, Chairman and Managing Director stated, “The Firm has closed This autumn and FY24 on a excessive observe, attaining higher operational and monetary efficiency, indicating a big enchancment. Shifting ahead, the corporate stays optimistic and is ready for a quantum bounce in the approaching years. Strategic initiatives such because the Morbi enlargement, AGL demerger, and signing Ranbir Kapoor as a model ambassador point out the corporate’s sturdy dedication in the direction of progress and changing into a worldwide model. With steadfast dedication, the corporate goals to realize a complete income of Rs. 6,000 Crore, pushed by a visionary long-term imaginative and prescient.
In a strategic transfer to raise its model, firm has signed Bollywood celebrity Ranbir Kapoor as its model ambassador and launched the “Premium ka Pappa” marketing campaign. This partnership underscores the model’s dedication to excellence and guarantees an thrilling future. With Kapoor’s endorsement, the model seeks to broaden its attain, notably among the many youth, driving ahead its imaginative and prescient of progress and connectivity. It additionally goals to resonate with shoppers’ aspirations and feelings, establishing a robust reference to each commerce companions and prospects by way of its emphasis on premium experiences and complicated enchantment.
Additional to supply a complete constructing supplies options underneath one umbrella, firm underneath AGL Sanitaryware Pvt. Ltd entered the Sanitaryware manufacturing. Firm has put in 0.66 million items each year cutting-edge Tech plant for sanitaryware merchandise, marking a big shift from third-party sourcing to inner manufacturing. The corporate expects the sanitaryware division to realize a turnover of roughly Rs. 400 crore inside the subsequent 5 years.
AGL has not too long ago unveiled AGL Universe, a grand showroom in Panchkula, Haryana, showcasing the corporate’s excellence in manufacturing, expertise, and innovation. With lavish shows and lifelike mockups, it options the newest Marblex, Stylex, Fresco, Tuffguard, Signature, and Artware collections. The showroom affords over 1400 premium tiles and surfaces, together with Glazed Vitrified tiles, Grand Slabs, Engineered marble, Quartz, and Sanitaryware.
Firm can be organising Mega Show Centre cum Workplace at Ahmedabad with an estimated funding of Rs. 73.80 crore and likewise plans to organising of Inventory Level for Buying and selling of Constructing Building Materials.
About Asian Granito India Restricted
Established in the 12 months 2000, Asian Granito India Ltd. (AGL) has emerged as India’s main Luxurious Surfaces and Bathware Options model in a brief span of 20 years. The Firm manufactures and markets a variety of Tiles, Engineered Marble and Quartz, Sanitaryware and Taps. AGL merchandise are synonymous with reliability, adaptability, innovation, high quality consciousness and the corporate has created a robust model identification, effectively acknowledged globally and constant buyer following throughout segments. Right this moment it’s 4th largest listed ceramic tile firm in India with worker energy of 6,000 plus.
Ranked amongst the highest ceramic tiles corporations in India, AGL has achieved over 65 instances progress in its manufacturing capability, from 0.83 Million Sq. Mtrs. Per Annum in FY 2000 to 54.5 Million Sq. Mtrs. Per Annum in FY 2023. AGL can be the one tiles firm to be acknowledged in the Vibrant Gujarat Summit 2015 for attaining phenomenal progress.
The Firm has 14 state-of-the-art manufacturing items unfold throughout Gujarat and 235 plus unique franchisee showrooms, 12 firm owned show facilities throughout India. Additional, the Firm has an intensive advertising and marketing and distribution community pan India with 14,000 plus touchpoints together with distributors, sellers and sub-dealers in India. The corporate additionally exports to greater than 100 nations.
The Firm appears to strengthen its identification because the chief in the Indian ceramic trade by constantly introducing revolutionary and value-added merchandise in the market to maintain tempo with its valued prospects. Headquartered in Ahmedabad, AGL is listed on NSE & BSE and reported web consolidated turnover of INR 1530.6 crore in FY 2024. (For extra info, please go to: www.aglasiangranito.com)
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