Carysil Limited has announced a significant addition to its leadership team, appointing Ms. Shveta Sharma as Vice President of Sales for STERNHAGEN & B2B divisions. The company has also designated her as a Senior Management Personnel, effective September 15, 2025.

Board Approval and Appointment Details

The Board of Directors of Carysil Limited approved the appointment based on the recommendation of the Nomination and Remuneration Committee. This decision was disclosed in a filing to the stock exchanges, in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shveta Sharma's Impressive Background

Ms. Sharma brings over two decades of experience to her new role at Carysil Limited. Her career highlights include:

• 20+ years of expertise in driving growth across luxury lifestyle and building materials sectors
• Successful leadership in enterprise partnerships with marquee clients
• Development of high-impact channels and award-winning go-to-market strategies across India and South Asia
• Recognition as 'LIXILian of the Year' for her outstanding contributions
• Proven track record in cross-functional leadership
• Consistent top-line growth achievements in both B2B and B2C markets

Strategic Implications

The appointment of Ms. Sharma as VP Sales (STERNHAGEN & B2B) is expected to bolster Carysil Limited's sales strategies and market presence. Her extensive experience in the luxury lifestyle and building materials sectors aligns well with Carysil's product portfolio, which includes high-end kitchen and bath solutions.

Company's Perspective

Reena Shah, Company Secretary & Compliance Officer of Carysil Limited, stated in the regulatory filing that this appointment is part of the company's ongoing efforts to strengthen its senior management team. The move is anticipated to contribute to Carysil's growth and market positioning in the competitive luxury lifestyle and building materials industry.

Carysil Limited's decision to bring Ms. Sharma on board reflects the company's commitment to enhancing its sales capabilities and leadership in the STERNHAGEN and B2B segments.

CARYSIL Limited , a leading manufacturer of quartz and steel sinks, has reported robust financial results for the first quarter, while also announcing ambitious growth plans for its domestic market.

Q1 Financial Highlights

The company's total income for Q1 increased by 12.3% year-on-year to ₹227.30 crore. CARYSIL's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant jump of 19.2% to ₹44.10 crore, with EBITDA margins expanding by 112 basis points to 19.4%. The company's Profit After Tax (PAT) after Minority Interest showed an impressive growth of 43.9% to ₹22.80 crore.

Strategic Growth Initiatives

CARYSIL has set an ambitious target of achieving ₹500 crore in domestic revenue over the medium term. To support this goal, the company has outlined several strategic initiatives:

1. Dealer Network Expansion: CARYSIL plans to significantly increase its market penetration by expanding its dealer network across India. The company has already grown its dealer base to over 4,000 dealers.

2. IKEA Partnership: The company has secured a global supply deal with IKEA, excluding the U.S. market. To support this partnership, CARYSIL will invest approximately ₹20 crore in moulds, machinery, and infrastructure.

3. Capacity Utilization: The company is experiencing strong OEM demand for steel sinks and is currently operating at 75-95% capacity utilization across its product lines.

4. Brand Development: CARYSIL is focusing on strengthening its brand presence in the domestic market to drive growth and enhance profitability.

Management Commentary

Chirag Parekh, Chairman & Managing Director of CARYSIL, commented on the company's performance and outlook: "We are pleased with our performance in Q1, with total income increased by 12.3% YoY to ₹227.30 cr. EBITDA margins expanded by 112 bps to 19.4% on a YoY basis due to the stabilisation of raw material and freight costs, along with our ongoing initiatives for cost improvement and increased capacity utilisation."

He further added, "We are working out on robust business plan to increase our domestic business from current level to ₹500 cr over the medium term to strengthen our position in domestic market. These strategic initiatives reaffirm our commitment to sustainable growth, operational excellence, and delivering long-term value."

Outlook

With its strong financial performance, strategic partnerships, and focus on domestic market expansion, CARYSIL appears well-positioned for growth in the coming years. The company's investments in capacity expansion and brand development, coupled with its global partnerships, are expected to drive its performance across multiple markets.

As CARYSIL continues to execute its growth strategy, investors and industry observers will be watching closely to see how the company progresses towards its ambitious domestic revenue target of ₹500 crore.