Carysil- update( future growth triggers)
Carysil
A…Performace
@17% cagr(2021-2023june)
B…Less growth may be due to =russia-ukraine war- global & EU slowdown
C…Future growth trigger
1…Quartz sinks
=Expanded capacity at 10L units/yr in last 3 yrs
2…Steel sinks
=Commercial production of additional steel sinks capacity, commenced in July’23, bringing the total capacity to
1,80,000 units P.A
3…Domestic appliance
= Domestic appliance manufacturing capacity to be ready in H2. At present, company is trading
=In addition to our strong position
in quartz sinks, we believe that steel sinks and the appliance division will play vital roles in accomplishing objective of 1000cr revenue.”
4…Acquired additional land in Bhavnagar for expansion- costed 9 cr
5…Branded business
=Looking to increase presence in B2C space both in domestic & overseas mkts
=Have opened aprox 20 Carysil Showrooms across India on franchisee basis. Aiming to double this yr
6… New geography
=We have expanded to
newer geographies –
Australia, New Zealand,
Gulf countries, Southeast
Asia, China, Singapore,
Turkey, Vietnam
❖ Witnessing huge traction in
business from these
geographies
=Currently catering to 55+ countries strive to spread the wings to 70 countries in next three years by exploring the uncatered geographies
Disc…invested
| Subscribe To Our Free Newsletter |
