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Latest news about CARYSIL

Carysil Limited Reports Efficient Utilization of QIP Funds in Q2 FY2026 15 hours ago Yesterday

Carysil Limited's monitoring agency report for Q2 FY2026 shows effective use of Rs. 121.65 crore net proceeds from QIP. Rs. 76.94 crore utilized across capital expenditure, working capital, and general corporate purposes. Rs. 44.71 crore remains unutilized, temporarily invested in fixed deposits. ICRA Limited confirms no material deviation from stated objectives. Funds allocated for manufacturing expansion, working capital enhancement, and business growth.

Carysil Limited Reports Quarterly Financial Results for Quarter and Half-Year Ended September 30, 2025 16 hours ago Yesterday

Carysil Expands Quartz Kitchen Sink Production Capacity by 10% Oct 07, 2025

Carysil Faces Potential Impact as US Imposes 50% Tariff on Kitchen and Bathroom Products Sep 26, 2025

Carysil Clarifies: No Fresh QIP for Kitchen Appliances Expansion Sep 25, 2025

More news about CARYSIL

24Sept 25

CARYSIL Unveils ₹25 Crore Expansion Plan to Boost Kitchen Appliance Production

CARYSIL Limited plans to increase its kitchen appliance production capacity by 50,000 units, reaching a total annual capacity of 150,000 units. The ₹25.00 crore expansion project will be implemented at the Bhavnagar, Gujarat facility, including a new factory building with an integrated Glass Processing Plant. Funded through QIP and internal accruals, commercial production is targeted to begin in Q1 FY 2026-27. The company will obtain necessary approvals before commissioning the new line.

15Sept 25

Carysil Limited Appoints Shveta Sharma as VP Sales, Strengthening Senior Management

Carysil Limited has appointed Ms. Shveta Sharma as Vice President of Sales for STERNHAGEN & B2B divisions and designated her as Senior Management Personnel, effective September 15, 2025. Ms. Sharma brings over 20 years of experience in the luxury lifestyle and building materials sectors. The Board of Directors approved the appointment based on the Nomination and Remuneration Committee's recommendation. Ms. Sharma's expertise includes driving growth, leading enterprise partnerships, developing high-impact channels, and achieving consistent top-line growth in B2B and B2C markets.

13Aug 25

CARYSIL Reports Strong Q1 Performance, Targets ₹500 Crore Domestic Revenue

CARYSIL Limited, a quartz and steel sink manufacturer, reported robust Q1 financial results with total income up 12.3% to ₹227.30 crore, EBITDA up 19.2% to ₹44.10 crore, and PAT after Minority Interest growing 43.9% to ₹22.80 crore. The company announced plans to achieve ₹500 crore in domestic revenue, expanding its dealer network to over 4,000 dealers, securing a global supply deal with IKEA, and investing ₹20 crore in infrastructure. CARYSIL is currently operating at 75-95% capacity utilization across product lines.

12Aug 25

Carysil Limited Reports QIP Fund Utilization and Expands Business with IKEA

Carysil Limited has disclosed its QIP fund utilization and announced an expansion of its partnership with IKEA. The company raised Rs 125 crore through QIP, utilizing funds for capital expenditure, working capital, and general corporate purposes. Carysil has also secured a new Purchase Agreement with IKEA Supply AG, planning to invest Rs 20 crore in infrastructure to cater to IKEA's global non-U.S. requirements for quartz kitchen sinks.

11Aug 25

CARYSIL Expands Global Reach with ₹20 Crore Investment in IKEA Partnership

CARYSIL Limited, a manufacturer of composite quartz kitchen sinks, plans to invest ₹20 crore to expand its business through a strategic partnership with IKEA Supply AG. The investment will be used for additional moulds, new machinery, and infrastructure improvements to meet IKEA's global demand, excluding the United States. This expansion builds on previous announcements and strengthens CARYSIL's existing partnership with IKEA. The company will also participate in an investor conference organized by Equirus in Mumbai.

26Jul 25

Mphasis Reports 9.1% Revenue Growth in Q1; Completes Strategic Acquisitions

Mphasis Limited posted a 9.1% YoY revenue growth to ₹37,324.89 crore and a 9.2% YoY net profit increase to ₹4,417.03 crore in Q1 FY2024. The company announced a final dividend of ₹57 per equity share. Mphasis completed strategic acquisitions in cybersecurity, software testing, and digital transformation through its subsidiary, enhancing its service capabilities. CEO Nitin Rakesh emphasized the company's focus on delivering innovative solutions to clients.

21Jul 25

Carysil Limited Appoints Pavankumar Palkar as Chief Sales Officer for Domestic Sales

Carysil Limited has appointed Pavankumar Palkar as the new Chief Sales Officer for Domestic Sales, effective July 21, 2025. Palkar brings over 17 years of experience in Sales, Business Development, and P&L Management. He has expertise in various sales channels including modern trade, e-commerce, exports, and institutional sales. This appointment, approved by the Board of Directors, is expected to strengthen Carysil's domestic sales operations and potentially explore new avenues for expansion.

19May 25

Carysil Reports Growth in Q4 Net Profit, Recommends Dividend

Carysil, a leading quartz and granite sink manufacturer, reported strong Q4 results with a 19.6% increase in net profit to ₹185.80 crore and a 6.8% rise in revenue to ₹204.00 crore. EBITDA grew marginally by 1.2% to ₹34.93 crore, though the EBITDA margin decreased slightly. The company's board recommended a final dividend of ₹2.40 per share.

12Mar 25

Carysil Secures Major US Customer Deal, Projecting 5% Revenue Boost

Carysil Limited has signed an agreement with KARRAN INC., USA to supply quartz kitchen sinks for a major U.S. home retail chain. The deal commits to a minimum production of 150,000 sinks annually from May 2025, potentially increasing Carysil's total revenue by 5% with a maximum revenue potential of 375 million rupees. Carysil plans to invest USD 510,000 in infrastructure to support this commitment. Additionally, the company has renamed its US subsidiary from Acrysil USA Inc. to Carysil USA Inc.

12Mar 25

Carysil Secures Major US Customer, Commits to 150,000 Quartz Sinks Annual Production

Carysil Limited has signed an agreement with KARRAN INC., USA to supply quartz kitchen sinks to a major U.S. home retail chain. The deal commits Carysil to dedicate a minimum production capacity of 150,000 quartz sinks annually, starting May 2025. To support this, Carysil will invest approximately USD 510,000 in molds, machinery, and utilities. The company has also renamed its U.S. subsidiary from Acrysil USA Inc. to Carysil USA Inc., aligning with its recent corporate rebranding.

12Mar 25

Carysil Expands U.S. Presence with Major Retail Deal, Rebrands Subsidiary

Carysil Limited, a quartz kitchen sink manufacturer, has signed a supply agreement with Karran Inc. to provide sinks for a major U.S. home retail chain. Additionally, the company has rebranded its U.S. subsidiary from Acrysil USA Inc. to Carysil USA Inc., aligning with the parent company's recent name change. These strategic moves aim to strengthen Carysil's position in the American market and enhance its global brand identity.