Asian Granito India Q1 FY27 Results: Consolidated Revenue Rises 28.5% to Rs 530.95 Crore
- August 13, 2026
- By: Editorial Team
- NEWS
Ahmedabad, August 11, 2026: Asian Granito India Limited (AGL), one of India’s leading manufacturers of tiles, marble, quartz and bathware products, has announced its unaudited financial results for the first quarter of financial year 2026-27 (Q1 FY27), for the quarter ended June 30, 2026.
The company reported strong growth in consolidated revenue during the quarter, with revenue from operations rising 28.5% year-on-year to Rs 530.95 crore, compared with Rs 413.15 crore in Q1 FY26.
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Asian Granito India Q1 FY27: Key Highlights
Consolidated Performance
- Revenue from Operations: Rs 530.95 crore, up 28.5% YoY
- EBITDA: Rs 32.88 crore, up 2.8% YoY
- EBITDA Margin: 6.19%
- Profit After Tax: Rs 8.08 crore
- Subsidiary Revenue: Rs 253.18 crore, up 64.9% YoY
The company's consolidated performance also marked a significant turnaround compared with the previous quarter, when it reported a loss of Rs 32.66 crore in Q4 FY26.
Standalone Performance
On a standalone basis, Asian Granito India reported revenue from operations of Rs 277.77 crore, representing a 7.0% year-on-year increase from Rs 259.64 crore in Q1 FY26.
Standalone EBITDA increased 14.3% YoY to Rs 9.04 crore, while the EBITDA margin improved to 3.26% from 3.05% in the corresponding quarter of the previous year.
Profit After Tax stood at Rs 2.24 crore during Q1 FY27.
Consolidated Revenue Grows 28.5% YoY
Asian Granito India's consolidated revenue from operations increased to Rs 530.95 crore in Q1 FY27 from Rs 413.15 crore in Q1 FY26.
On a sequential basis, revenue remained broadly stable compared with Rs 538.50 crore reported in Q4 FY26.
Consolidated operating EBITDA stood at Rs 32.88 crore, registering a 2.8% year-on-year increase. However, EBITDA margin declined to 6.19% from 7.74% in Q1 FY26.
According to the company, the change in margin was primarily influenced by a higher share of traded-goods revenue in the sales mix during the quarter.
The company also noted that the increase in fuel prices impacted consolidated results.
Subsidiaries Continue to Scale
Asian Granito India's subsidiaries continued to expand during Q1 FY27.
Revenue from subsidiaries grew 64.9% year-on-year to Rs 253.18 crore, contributing approximately 47.7% of consolidated revenue, compared with 37.2% in the same quarter last year.
The company said its subsidiaries continued to scale while maintaining broadly steady profitability.
Standalone Business Shows Operating Improvement
At the standalone level, revenue from operations increased 7.0% year-on-year to Rs 277.77 crore.
Operating EBITDA increased from Rs 7.91 crore in Q1 FY26 to Rs 9.04 crore in Q1 FY27, representing a 14.3% year-on-year improvement.
The EBITDA margin also improved from 3.05% to 3.26%.
However, Profit After Tax declined to Rs 2.24 crore from Rs 5.25 crore in Q1 FY26. The company attributed the decline primarily to lower other income and an increase in gas prices during the quarter.
Despite the decline in PAT, the company highlighted an improvement in standalone operating performance on both an absolute and margin basis.
Management Commentary
Commenting on the Q1 FY27 results, Kamlesh B Patel, Chairman, Asian Granito India Limited, said:
“Q1 FY27 reflects the strength of our ongoing manufacturing capacity expansion and our continued focus on premiumisation. Price realisations improved in comparison to Y-o-Y basis. Our subsidiaries continued to scale while holding profitability broadly steady, and we remain focused on rebuilding our export order book and driving further operating efficiencies across the group in the quarters ahead.”
Asian Granito India Q1 FY27 Financial Summary
Consolidated
| Particulars | Q1 FY27 | Q4 FY26 | Q1 FY26 | YoY |
|---|---|---|---|---|
| Revenue from Operations | Rs 530.95 Cr | Rs 538.50 Cr | Rs 413.15 Cr | +28.5% |
| EBITDA | Rs 32.88 Cr | Rs -20.88 Cr | Rs 31.99 Cr | +2.8% |
| EBITDA Margin | 6.19% | -3.88% | 7.74% | — |
| Profit Before Tax | Rs 9.81 Cr | Rs -42.53 Cr | Rs 12.88 Cr | -23.8% |
| Profit After Tax | Rs 8.08 Cr | Rs -32.66 Cr | Rs 11.29 Cr | -28.5% |
Standalone
| Particulars | Q1 FY27 | Q4 FY26 | Q1 FY26 | YoY |
|---|---|---|---|---|
| Revenue from Operations | Rs 277.77 Cr | Rs 294.58 Cr | Rs 259.64 Cr | +7.0% |
| EBITDA | Rs 9.04 Cr | Rs 0.75 Cr | Rs 7.91 Cr | +14.3% |
| EBITDA Margin | 3.26% | 0.25% | 3.05% | — |
| Profit Before Tax | Rs 3.36 Cr | Rs -20.87 Cr | Rs 7.35 Cr | -54.2% |
| Profit After Tax | Rs 2.24 Cr | Rs -14.26 Cr | Rs 5.25 Cr | -57.3% |
About Asian Granito India Limited
Asian Granito India Limited (AGL) is an integrated manufacturer of tiles, marble, quartz and bathware products. Its portfolio includes ceramic and vitrified tiles, GVT, double-charge and polished vitrified tiles, marble, quartz surfaces and bathware under the AGL Tiles brand.
Headquartered in Ahmedabad, Gujarat, the company operates through a pan-India dealer and distributor network and has a growing international presence.
Conclusion
Asian Granito India Limited's Q1 FY27 results highlight strong consolidated revenue growth, continued expansion of its subsidiaries and improvement in standalone operating performance.
With consolidated revenue rising 28.5% year-on-year to Rs 530.95 crore, the company continues to focus on manufacturing capacity expansion, premiumisation, export order-book rebuilding and operational efficiencies.
Disclaimer: The financial information and management commentary presented in this article are based on the press release provided by Asian Granito India Limited. Forward-looking statements are subject to various risks and uncertainties, and actual future results may differ materially from those projected.
