Acrysil – Kitchen sinks

Acrysil --Few good things happening at domestic front in Q1FY23 which may negate export oriented headwinds

Domestic business has increased by 117% YoY to Rs. 38 crores for Q1 FY23 contributing 22.2% of the revenue. Company has witnessed substantial demand in domestic market and going ahead, expect momentum to continue in domestic market

Company Increased dealer network in domestic market from 1,500 to 1,880 dealers during Q1 FY23 and plans to increase by ~3,000 by end of FY23

Company’s order to IKEA for supply of Quartz kitchen sinks has been doubled.
Production and supplies of additional order started in July 2022