Asian Granito India Ltd promoter group buys 6 lakh shares from open market
Ahmedabad, December 26, 2025: The promoter group of Asian Granito India Limited (AGL), one of the largest Luxury Surfaces and Bathware Solutions brands in the country has bought total of 6 lakh shares of the company from the open market.
On 22nd December, Mr. Kamlesh Patel, Chairman and Managing Director of the company purchased 3,00,000 equity shares of the company from open market. Post this acquisition, holding of Mr. Kamlesh Patel along with PAC in the company has increased to 7.14%.
On 23nd December, Mr. Mukesh Patel, Managing Director of the company purchased 3,00,000 equity shares of the company from open market. Post this acquisition, holding of Mr. Mukesh Patel along with PAC in the company has increased to 10.79%. Promoter Group holding post this acquisition stands at 33.72%.
Company has turnaround business operation and reported improved operational and financial performance during Q2 and H1 of FY 2025-26 ended 30th September 2025. For H1FY26, company reported consolidated net profit of Rs. 23.2 crore as against net loss of Rs. 1 crore in the corresponding period last year. Net Sales for the H1FY26 rise 8% Y-o-Y to Rs. 795.2 crore as compared to Net sales of Rs. 736.2 crore in H1FY25. EBITDA for H1 FY26 was reported at Rs. 61.5 crore (EBITDA margin 7.7%), 102% Y-o-Y rise as compared to EBITDA of Rs. 30.5 crore (EBITDA margin 4.1%) in H1FY25.
In a short span of two & half decade, Asian Granito India Ltd has emerged as India's leading Luxury Surfaces and Bathware Solutions brand. The Company manufacture and markets a range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. The Company has 277 plus exclusive franchisee showrooms, 13 company owned display centers and an extensive marketing and distribution network pan India with 18,000 plus touchpoints including distributors, dealers and sub-dealers in India. The Company also exports to more than 100 countries.
Company has strategically enhanced its brand presence by appointing Bollywood actor Ranbir Kapoor as the face of its "Premium ka Pappa" campaign. Additionally, AGL's Bonzer7 brand has onboarded actress Vaani Kapoor for its "Kya Baat Hain" campaign, aiming to resonate with younger audiences and reinforce its market position. These campaigns underscore AGL's commitment to innovation and its strategy to connect with a broader consumer base.
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