Profit

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NSE
609.65
Change Change %
-9.85 -1.59%

Updated:22 May, 2019, 15:56 PM IST

BSE
607.30
Change Change %
-11.90 -1.92%

Updated:22 May, 2019, 16:01 PM IST

Dear Shareholders

The year 2010–11 was our best ever.We crossed `10 billion turnover milestone, our revenue grew 29% and bottomline jumped 69%. Returns on investment in the business strengthened ROCE grew 600 bps and ROE climbed 905 bps.

Overview

Our positive performance divergence resulted from the following factors:

Sales growth: Sales volumes increased by 18% from 25.28 MSM in 2009–10 to 29.71 MSM in 2010–11. What is heartening is that we strengthened our average realisation per sq. m we sold more large–format ceramic and vitrified tiles.

Value–addition:We increased the share of value–added tiles in our product mix from about 43% in 2009–10 to 52% in 2010–11, strengthening profitability.

Ashok Kajaria

Chairman & Managing Director

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