Asian Granito India Ltd (AGL), a leading Indian brand in luxury surfaces and bathware solutions, has reported a significant turnaround in its financial performance for the fiscal year ending 31 March 2025. The company posted consolidated net sales of ₹1,559 crore, a modest increase of 1.8% compared to the previous year, alongside a return to profitability with a consolidated net profit of ₹20.24 crore after incurring losses in FY24. It resulted in a 10% rise in the Asian Granito India share price, which reached its highest level in over 3 months as of 11:35 AM on May 30, 2025.
The consolidated results for FY25 reveal a substantial operational improvement. Net sales rose by 1.8% to ₹1,558.52 crore, compared to ₹1,530.59 crore in FY24. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 48.5% to ₹75.72 crore, with the EBITDA margin improving by 124 basis points to 4.90%. The company turned around from a consolidated net loss of ₹20.15 crore in FY24 to a net profit of ₹20.24 crore in FY25, reflecting a remarkable swing of over 200%.
In the final quarter (Q4) of FY25, the company’s performance was especially encouraging. Consolidated net sales grew 11.3% year-on-year to ₹471.62 crore, while EBITDA rose 46.8% to ₹29.19 crore. Net profit for the quarter stood at ₹16.36 crore, reversing the ₹5.54 crore loss reported in Q4 FY24.
Share price of Asian Granito India (AGL)
The share price of Asian Granito India has gained 10% as of 11:35 AM. The stock price is up by 33% in the last 3 months, while on a YTD basis, it is down by 12.84%.
Exports formed a significant part of the revenue, contributing ₹291 crore in FY25, a 19% increase from ₹246 crore in FY24, demonstrating AGL’s growing global footprint. The company established 2 international subsidiaries during the year: AGL SURFACES TRADING LLC in Dubai, focusing on trading tiles and flooring materials, and PT AGL SURFACES INDONESIA for wholesale building materials trading in Indonesia.
In a notable development during FY25, Asian Granito completed the conversion of all outstanding warrants, raising ₹28.18 crore from promoter group investors. This increased the promoter group's stake from 29.02% in September 2024 to 33.52% by March 2025, signalling enhanced confidence in the company’s growth prospects.
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The company intensified its marketing efforts by appointing Bollywood actors Ranbir Kapoor and Vaani Kapoor as brand ambassadors for its “Premium ka Pappa” and Bonzer7 campaigns, respectively. These initiatives aim to strengthen brand visibility and appeal to a younger demographic, supporting AGL’s aspirations to become a global brand.
On a standalone basis, the company reported net sales of ₹1,279.58 crore in FY25, marginally lower by 2% compared to FY24, while net profit stood at ₹27.14 crore, down 6.7%. The standalone EBITDA margin remained stable at 2.34%. Q4 standalone net profit showed strong growth at ₹18.87 crore, more than doubling compared to ₹8.85 crore in Q4 FY24.
Chairman and Managing Director Mr Kamlesh Patel expressed optimism despite current market volatility, highlighting the company’s commitment to operational excellence and growth. AGL is targeting a total revenue of ₹6,000 crore within the next 4 to 6 years, supported by strategic initiatives such as the composite Scheme of Arrangement for restructuring, expansion of retail showrooms, and enhanced global presence.
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Published on: May 30, 2025, 1:38 PM IST
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