Asian Granito India Forays Into Sanitaryware
Asian Granito India Limited (AGIL), one of India's leading tiles companies has ventured into Sanitaryware. Company is entering the Sanitaryware segment with 160 SKUs in products including Wash Basins, Water Closets (WC), Urinals, etc. Commercial Launch of 'AGL Sanitaryware' is expected by June 2019 across India.
Company is launching Sanitaryware in the mid and mid premium segment under the brand name of AGL. Company is investing around Rs. 8 crores for the expansion in the Sanitaryware business and expect the segment to contribute around Rs. 80-100 crore in the next 4-5 years.