Exxaro Tiles Limited announces launch of new showroom

In keeping with Exxaro Tiles Ltd's upward growth trajectory, there have been noteworthy developments pertaining to our performance.

Capitalizing on our premium products continues to be one of our key strategic priorities. In line with this, our most recent milestone has been the new order worth Rs. 35-40 crore, which we bagged from big size GVT slabs including 1200x1800 size our highly premium product and including our other sizes as well in Vitrified Tiles segment.

We strive to maintain an unwavering focus on growth and expansion of our geographic footprint, apropos of which, we will be unveiling our new showroom in Andheri, Mumbai. The inauguration is scheduled on 17th September, 2023, and the event will be graced by the presence of a range of dealers, architects, construction barons, contractors, and many notable industry players among others.

Commenting on the Company's most recent developments and ambitions, Mr. Mukesh Patel, Chairman and Managing Director said, "Product innovation and improvement continue to remain our key focus areas. Our eyes are on the premium products mix, which yields higher per unit value on margins. The latest order for Big Slab has been a laudable feat, furthering our goal of fortifying our premium segment's reach and performance.

Also, we are thrilled to share that our recent exhibitions in the USA received a great response, steering us towards developing export markets. The demand for our products remain robust in the USA, resulting in improved exports for that region and strengthening our focus in that market. We will continue to set newer benchmarks in the industry, while staying nimble-footed and growth-driven."

Shares of Exxaro Tiles Ltd was last trading in BSE at Rs. 128.95 as compared to the previous close of Rs. 128.40. The total number of shares traded during the day was 10456 in over 393 trades.

The stock hit an intraday high of Rs. 132.00 and intraday low of 127.40. The net turnover during the day was Rs. 1351127.00.

Source : Equity Bulls

Keywords

ExxaroTiles INE0GFE01018 Tiles Flooring Developments