Asian Granito Swings To Profit With Strong H1FY26 Growth

17 Nov 2025 CW Team

For H1FY26, the company posted a consolidated net profit of Rs 232 million, compared with a net loss of Rs 10 million in H1FY25. Net sales rose 8 per cent year-on-year to Rs 7.952 billion, up from Rs 7.362 billion in the previous year. EBITDA for the first half stood at Rs 615 million, representing a 102 per cent year-on-year increase, with margins improving to 7.7 per cent from 4.1 per cent in H1FY25.

The improved results were supported by better operational efficiency, cost optimisation and stronger market traction across AGL’s luxury surfaces, tiles and bathware portfolio.

Standalone Q2FY26 Performance AGL also reported a sharp recovery in its standalone results for Q2FY26.

Net sales stood at Rs 2.724 billion, compared with Rs 2.829 billion in Q2FY25.

EBITDA rose to Rs 105 million, compared with a loss of Rs 12 million last year, with margins improving to 3.9 per cent.

Net profit surged to Rs 78 million, from a net loss of Rs 14 million in Q2FY25.

Corporate Restructuring Update The company completed the demerger of its tile manufacturing business through a composite scheme of arrangement effective 1 July 2025, following approval by the National Company Law Tribunal (Ahmedabad Bench). Under the scheme:

Shareholders of Affil Vitrified Pvt Ltd will receive 73 fully paid AGL shares for every 40 shares held.

Shareholders of Ivanta Ceramics Industries Pvt Ltd will receive 479 AGL shares for every 12 shares held.

Shareholders of Crystal Ceramic Industries Ltd will receive 695 AGL shares for every 426 shares held.

Chairman and Managing Director Kamlesh Patel said the Q2FY26 performance reflects the company’s operational discipline and long-term growth focus. He added that AGL aims to become a global brand and is targeting revenue of Rs 60 billion over the next four to six years.

Brand Expansion and Marketing AGL has strengthened its brand presence through new campaigns, including appointing Bollywood actor Ranbir Kapoor as the face of its “Premium ka Pappa” campaign. The company’s Bonzer7 brand has launched the “Kya Baat Hain” campaign featuring Vaani Kapoor to appeal to younger consumers and expand its reach.

These initiatives, AGL said, highlight its commitment to innovation and expanding its presence in premium home décor and bathware segments.

Asian Granito India Ltd (AGL), one of India’s largest luxury surfaces and bathware brands, has reported a strong turnaround in its operations, delivering improved financial and operational performance in Q2FY26 and H1FY26 ended 30 September 2025. For H1FY26, the company posted a consolidated net profit of Rs 232 million, compared with a net loss of Rs 10 million in H1FY25. Net sales rose 8 per cent year-on-year to Rs 7.952 billion, up from Rs 7.362 billion in the previous year. EBITDA for the first half stood at Rs 615 million, representing a 102 per cent year-on-year increase, with margins improving to 7.7 per cent from 4.1 per cent in H1FY25. The improved results were supported by better operational efficiency, cost optimisation and stronger market traction across AGL’s luxury surfaces, tiles and bathware portfolio. Standalone Q2FY26 Performance AGL also reported a sharp recovery in its standalone results for Q2FY26. Net sales stood at Rs 2.724 billion, compared with Rs 2.829 billion in Q2FY25. EBITDA rose to Rs 105 million, compared with a loss of Rs 12 million last year, with margins improving to 3.9 per cent. Net profit surged to Rs 78 million, from a net loss of Rs 14 million in Q2FY25. Corporate Restructuring Update The company completed the demerger of its tile manufacturing business through a composite scheme of arrangement effective 1 July 2025, following approval by the National Company Law Tribunal (Ahmedabad Bench). Under the scheme: Shareholders of Affil Vitrified Pvt Ltd will receive 73 fully paid AGL shares for every 40 shares held. Shareholders of Ivanta Ceramics Industries Pvt Ltd will receive 479 AGL shares for every 12 shares held. Shareholders of Crystal Ceramic Industries Ltd will receive 695 AGL shares for every 426 shares held. Chairman and Managing Director Kamlesh Patel said the Q2FY26 performance reflects the company’s operational discipline and long-term growth focus. He added that AGL aims to become a global brand and is targeting revenue of Rs 60 billion over the next four to six years. Brand Expansion and Marketing AGL has strengthened its brand presence through new campaigns, including appointing Bollywood actor Ranbir Kapoor as the face of its “Premium ka Pappa” campaign. The company’s Bonzer7 brand has launched the “Kya Baat Hain” campaign featuring Vaani Kapoor to appeal to younger consumers and expand its reach. These initiatives, AGL said, highlight its commitment to innovation and expanding its presence in premium home décor and bathware segments.

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