Asian Granito India reports PAT of Rs.55 million in Q4FY18-19; sales at Rs.3.69 billion.
Asian Granito India (AGIL) has declared its financial results.
Commenting on the results Kamlesh Patel, Chairman and Managing Director, AGIL, said, "We expect to see a good growth ahead in terms of volume and value. Demand has started picking up. We expect double digit growth in FY2020. The company will further focus on improving margins by focusing on efficiency in operation, focusing on high value products, controlling cost, etc. Going forward, we will be investing in expanding capacity in the premium products, ie, quartz and marbles and entry in sanitaryware and CP fitting.
Trusted for reliability, adaptability, innovation, quality consciousness, the company has created a strong brand identity for itself which is well recognised globally. The company looks to strengthen its identity as the leader in the Indian ceramic industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Asian Granito India, today, is ranked among the top 3 listed ceramic tiles companies in India and will focus on high-end products such as premium GVT tiles, Nano Crystal, Quartz and Marble etc."
(Communication by the management of the company)