Asian granito India Limited showcased robust financial performance in Q3FY26, demonstrating strong operational improvements and strategic positioning in the ceramics and tiles industry. The company, which completed 25 years of operations, reported significant growth across key financial metrics during its earnings conference call held on February 12, 2026.

Financial Performance Highlights

The company delivered impressive consolidated results for Q3FY26, marking substantial improvements across revenue and profitability metrics.

For the nine-month period, Asian Granito achieved a remarkable turnaround with PAT of Rs 43.83 crores compared to a revenue loss of Rs 4.97 crores in the corresponding period last year. The nine-month EBITDA improved significantly to Rs 102 crores from Rs 45 crores in the previous year.

Product Mix and Operational Improvements

The company's strong performance was driven by strategic improvements in product mix and operational efficiency. Asian Granito has invested in advanced technology including SACMI Continua machines and double digital printing facilities, enabling production of premium large-format tiles ranging from small sizes to 6 feet by 12 feet dimensions.

The company's average selling price (ASP) improved substantially, with overall realization increasing to Rs 360 per square meter compared to Rs 399 per square meter in the previous year. For large-format export products, the company achieved realization of Rs 408 per square meter compared to Rs 265 per square meter for similar domestic products.

Manufacturing and Distribution Network

Asian Granito operates an extensive manufacturing and distribution infrastructure with significant market presence:

The company maintains international presence in Africa's Senegal, London, Dubai, Sharjah, Vietnam, and Indonesia, with dedicated warehouses and product display facilities.

Export Recovery and Market Expansion

Export performance showed significant improvement following the reduction in US trade duties from 50% to 18%. Currently, exports contribute 15% of total revenue, with the company targeting an increase to 18-20% in the coming period. The company expects strong export growth in large-format tiles and quartz products.

Regionally, the company maintains balanced domestic presence with West contributing 35%, South 25%, North 25%, and East 15% of sales. In exports, GCC countries lead, followed by Europe and other international markets.

Utilization Levels and Future Plans

Current plant utilization rates vary across segments:

• Existing plants: 80-90%
• New plants: 70-80%
• Sanitary ware: 50%
• Quartz domestic line: 80%
• Large-format quartz: 10%

The company plans to achieve Rs 6,000 crores revenue by 2031 through product diversification, enhanced retail presence, and strategic expansion. For FY26, the company allocated Rs 25 crores for CAPEX, primarily for showroom development and international market expansion, with Rs 40 crores planned for FY27.

Asian Granito's strategic focus on retail expansion includes developing 500 exclusive showrooms and strengthening its premium dealer network through the AGL Times Premium club for dealers achieving over Rs 1 crore annual sales.

Source: Asian Granito India Limited Q3FY26 Earnings Conference Call Transcript

Asian Granito India Limited announced robust financial results for Q3FY26 and nine months ended December 31, 2025, demonstrating strong operational performance and strategic market positioning. The company reported these results in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, through an official media release dated February 4, 2026.

Q3FY26 Financial Performance

The company delivered impressive consolidated financial results for Q3FY26, with net sales growing 15.80% year-on-year to ₹423.93 crore compared to ₹366.09 crore in Q3FY25. The quarter marked a significant turnaround in profitability, with net profit reaching ₹20.07 crore against a loss of ₹4.53 crore in the corresponding previous period.

Nine Months Performance (9MFY26)

For the nine months ended December 2025, Asian Granito demonstrated consistent growth momentum with consolidated net sales increasing 10.60% to ₹1,219.10 crore from ₹1,102.24 crore in the corresponding previous period. The company achieved a remarkable turnaround with net profit of ₹43.83 crore compared to a loss of ₹4.97 crore in 9MFY25.

Standalone Results

The standalone performance also showed strong improvement, with Q3FY26 net profit rising 336.25% to ₹4.42 crore on revenues of ₹268.42 crore. EBITDA reached ₹7.91 crore against a loss of ₹1.61 crore in the previous year. For 9MFY26, standalone revenues stood at ₹800.48 crore with net profit of ₹17.39 crore.

Strategic Market Expansion and Export Growth

Exports account for nearly 15% of the company's total turnover in 9MFY26. The company recently completed acquisition of 26% stake in Allomex Steel Private Limited, which has become an associate company. The India-US trade deal and India-EU Free Trade Agreement are expected to significantly benefit the company's export business, with US import tariffs on Indian products reduced to 18% compared to China's 34% tariff burden.

Management Commentary

Commenting on the performance, Mr. Kamlesh Patel, Chairman and Managing Director, stated: "Innovating product mix and robust growth in demand backed by booming real estate market and a strong uptick in infrastructure projects supported by various government initiatives support. The strong performance is a testament of 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."

Company Profile

Established in 2000, Asian Granito India Limited has emerged as India's leading Luxury Surfaces and Bathware Solutions brand. The company is the 4th largest listed ceramic tile company in India with production capacity of 54.5 Million Sq. Mtrs. per annum and operates 14 state-of-the-art manufacturing units across Gujarat. With 277 plus exclusive franchisee showrooms and exports to more than 100 countries, AGL maintains an extensive distribution network of 18,000 plus touchpoints across India.