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Creating a record high! Indian bathroom giant AGL announced the semi -annual performance

2023-02-09 17:15:31 139

On August 12, local time, Asian Granito India Limited (hereinafter referred to as "AGL") of Asian Granito India Limited, one of the four major ceramic sanitary companies in India, announced the first fiscal quarter (2022.4-6) report as of June 30, 2022. Realizing sales of 3.10 billion rupees (about 264 million yuan), an increase of about 12%year -on -year. Combined with AGL's previous sales data, the company achieved total sales of 7.887 billion rupees (approximately RMB 670 million) in the first half of 2022.



The sales in the first half of the year are about 670 million yuan,

Increasing income and not gaining profit

According to the first fiscal report released by AGL, in April to June 2022, the company achieved sales of 3.100 billion rupees, which was higher than the 2.729 billion rupees in the same period last year, an increase of about 12%. Combined with the previously announced data, AGL was in the previously announced data. In the first half of 2022, sales reached 7.887 billion rupees (approximately RMB 670 million). Although sales have increased, the net profit lost 20.97 million rupees in April-June, and the same period last year was 82.18 million rupees; the basic loss per share was 0.23 rupees per share, and the basic earnings per share a year ago It is 2.4 rupees.
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According to the annual report of fiscal year 2021 (2021.4-2022.3) released by AGL this year, the company achieved sales of 15.638 billion rupees (approximately RMB 1.329 billion) in fiscal 2021, a 21% increase of 12.923 billion in fiscal 2020 year-on-year fiscal year. , Set a record high. Although sales are happy, the profit has declined. The EBITDA in the fiscal year is 125 million rupees, a year -on -year decrease of 8.3%, and the profit margin decreased from 10.5%to 8.01%.
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AGL Chairman Kamlesh Patel said that despite the pressure of natural gas prices, raw material prices, coal prices and international freight, the company has achieved the best achievements in history. He said that AGL's future strategy is to continue to increase profit margins and expand brand influence in high -end flooring and bathroom industry.

Only 22 years were established,

The main business includes bathrooms, tiles and flooring

Public information shows that AGL was established in 2000 in the main commercial city of Koglatebang, India. After more than 20 years of development, AGL has now become one of the most influential ceramic bathroom companies in India. At present, AGL has 9 production bases and about 300 exhibition halls in Gujilata, and has 12 exhibition centers nationwide in India. Its products are exported to more than 100 countries and regions around the world in addition to the local sales of India.
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The main products of AGL include tiles, engineering marble, quartz, sanitary ceramics, and water dragon hardware, and have launched various businesses in the form of subsidiaries. There are three subsidiaries of FUTURE CERAMIC PVT LTD, Agl Sanitaryware PVT LTD, AGL Surfaces PVT LTD, and are responsible for carrying out tiles, bathrooms and flooring services. Among them, the bathroom company Agl Sanitaryware PVT LTD not only self -produced sanitary ware products, but also sells domestic third -party manufacturers and foreign companies in the form of OEM. These products belong to the AGL brand.

Tile and flooring are also the main business of AGL, especially the tile business. At present, the production capacity of AGL has increased from 800,000 square meters per year in 2000 to the current 34.5 million square meters. One of the tile brands. In addition, the AGL Surfaces PVT LTD responsible for the floor business is known for its stone crystal floor (new varieties of PVC flooring). In recent years, it has mainly expanded product portfolio and strengthened export business as its development purpose.

The Indian market continues to expand,

AGL spent 425 million yuan to buy a land to build a plant

India is the world's second largest consumer country with huge potential for consumer markets. At the same time, India has also actively launched the "Clean India" campaign in recent years. The awareness of health and health in local residents has increased, and the demand for bathroom products has continued to increase. In this context, Indian building materials companies actively expand production capacity to meet their own development and meet market demand.

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Focusing on production capacity expansion, AGL announced that it had acquired a land in the Murbin area of Gujarat Bang in May this year, and spent 5 billion rupees (about RMB 425 million) to establish three new production bases. Among them, the new bathroom factory covers an area of 4,5122 square meters and an annual production capacity of about 660,000 pieces. The ceramic factories and floor factories covers an area of 69506 square meters and 18,715 square meters. After production, the company's three major categories of the company will be expanded. In addition, AGL also plans to build the largest exhibition hall in India in the plot. AGL predicts that the new production and exhibition hall will plan to increase sales of 10 billion to 12 billion rupees each year, which is equivalent to turning over.

In addition to AGL, other Indian bathroom companies such as Cera Sanitaryware and Kajaria Ceramics have also accelerated the pace of production capacity layout, and global corporate musicians and lives have also actively expand production and strive to continue to dominate the Indian bathroom market. For example, Lejia India's company announced in 2019 that it invested about 50 to 700 million yuan to the Indian Large Factory and Sanitary Plastic (toilet Covers, etc.); However, it has settled the development goals of 15%-20%of India within three years. In addition, Chinese companies have also actively deployed the Indian market in recent years. Seagulls, Ryolt, Luta International and other companies have branches in India. In addition, a large number of domestic companies have carried out business in India.

It can be seen that, for AGL, although the company's sales data has reached a record high, it is not difficult to say that the Indian      sanitary ware market that is gradually "red in the Red Sea" has not stood out.



Reprinted from "Kitchen and Tutor Headline"



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