Aparna Enterprises invests 100 CR to augment manufacturing capacity for VITERO Tiles

By OEM Update Editorial December 15, 2021 3:38 pm

The investment has doubled the production capacity for Vitero Tiles to 30,000 sq. ft., per day.

Aparna Enterprises Limited, the leading building materials brand, announced that they have invested ₹100 crores into their tile division – Vitero Tiles. The investment is targeted at expanding the manufacturing capacity of Vitero Tiles at Peddapuram, Andhra Pradesh facility. This expansion aims at helping Aparna Enterprises cater to the increasing demand of floor and wall tiles and target more government and private projects especially in Telangana, Andhra Pradesh, Tamil Nadu and other focused markets across India including Odisha, Maharashtra and Karnataka.

With this investment, Aparna Enterprises aims to further strengthen their growth vision for the Vitero segment. Sharing his views on the future plans of the brand, Mr Ashwin Reddy, Managing Director, Aparna Enterprises Limited, said, “Driven by rising consumer demand in both B2B and B2C space, the tile segment is poised to grow in India @ 8 percent CAGR in the next 5 years. This reflects strongly in the growth trajectory of Vitero Tiles as well. We are already seeing increased demand, bullish market opportunities in this segment and we are expecting to close FY21-22 with 50 percent growth in tile division. Keeping this growth vision in account, we have invested ₹100 crores into this business this year, majorly directed towards the expansion of our tile manufacturing capacity. With this expansion, we are also looking to strengthen our product offerings and increase market share in the organised tile market in India”.

aparnaenterprisesltd.com