Asian Granito India Expands to Vietnam with Strong Q3 FY26 Profit Surge

Key Highlights

• Vietnam Market Entry: Board grants in-principle approval for a subsidiary focused on trading large-format slabs, boosting global footprint.
• ​Robust Revenue: Dec-quarter consolidated revenue from operations reached ₹4.24 billion (₹424 crore), signaling demand recovery.
• ​Profit Turnaround: Consolidated net profit stood at ₹200.7 million (₹20.07 crore), driven by improved margins and sales volume.
• ​Strategic Growth: Complements prior expansions like steel acquisitions, targeting ₹6,000 crore revenue in 4-6 years.

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Detailed Analysis
Asian Granito India Ltd, a leader in luxury surfaces and bathware, announced Q3 FY26 unaudited results alongside a pivotal Vietnam expansion. Consolidated revenue climbed to ₹4.24 billion, fueled by domestic (81%) and export sales, with retail contributing 53%.

Net profit of ₹200.7 million underscores cost efficiencies post-demerger and scheme implementation. The Vietnam subsidiary aligns with management's vision for global diversification, leveraging strengths in ceramics and slabs amid rising construction demand.

This positions ASIANTILES.NS for sustained growth, with investors eyeing execution on international forays.

Sources: NSE India, Moneycontrol.com, Wegro App (X), ICICI Direct