To cross Rs 100 cr by FY07 end: Aro Granite

Managing Director of Aro Granite Industries , Sunil Arora says that they are 100% export oriented unit and export to US, Europe, Far East, Australia and Japan.

He also adds that they have confirmed orders of 2.5 months mounting to Rs 25 crores. He expects the order book to cross Rs 100 crore by the end of financial year.

Excerpts from CNBC-TV18’s exclusive interview with Sunil Arora: 

Q: What is the kind of volume growth that you are seeing in the granite sector and whether there is a possibility of any kind of realization or price increase.

A: Globally granite kitchen tops have become a necessity rather than a luxury. Earlier granite was only used by high-end houses but now it is being used in most of the houses atleast for kitchen tops because of its durability and ease in maintenance.

Probably that is the reason the market has grown many folds in last 3-4 years and is still growing further. Another point is that the color and texture of type of granite we have in India is one of the best material available in the international market and it enjoys maximum demand as compared to other countries as it is more suitable for interiors.

Q: Do you see prices going up for granite in India?

A: We are a 100% export oriented unit.We process granite tiles and random slabs and we export it to US, Europe, Far East, Australia and Japan. We are not into domestic market.We are only into export, except that 5-10% of our reject is sold into domestic market.

Q: What sort of order book have you executed at this point over the next two quarters?

A: Generally December and January are slow months for us because of Christmas holidays in the US, Europe and Australia but we hope to maintain the last two quarter performance for the remaining year also, as our order position is quite good and we have confirmed orders of 2.5 months mounting to Rs 25 crores.

Q: In terms of sales and profits do you think you will deliver on the order book position by the end of FY 07?

A: Hopefully we should be able to cross Rs 100 crores by end of financial year.