Exxaro Tiles has bagged a new order worth ₹35-40 crore from GVT slabs. The company is now planning to expand its footprints to European and US markets too.

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Commenting on the company's most recent developments, 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.”

Exxaro Tiles is a name in the ceramic tiles industry, offering tiles since 2013. The company claims to offer a new big slab in replacement of granite and marble from October 2022. The company currently sells its goods to over 10 countries and has more than 2,000+ touch points across 25 states, mostly in South and West India.

During Q1FY24, the company recorded promoter shareholding of 42.07%, FIIs stake of 4.13 and public stake of 53.80%.

On Friday, the shares of the company settled at 3.58 percent higher at ₹140.50 apeice on the BSE.

First Published:Oct 20, 2023 11:11 AM IST