Nitco has reported its sales volume during the second quarter ended on September 30, 2020 (Q2FY21) has improved significantly and the sales volume for the month of September 2020 is almost at 80% of the sales volume achieved in September 2019. Nitco’s sales volume dipped considerably during Q1 FY2021 due to the Nation-wide lockdown. The company managed to turn the tide from July 2020 onwards and managed 3-fold improvement in sales volume during the second quarter.
The company is witnessing tangible improvement in business volumes and a gradual pick-up in refurbishment demand. With NITCO’s brand being well-entrenched as a preferred choice of architects and designers, the company hopes to clock in larger volumes in the coming months.
NITCO is an India-based company, engaged in the manufacture and marketing of ceramic tiles (wall and floor), Naturoc (gres porcelain tiles), vitrified tiles, marble, as well as real estate development.
Company Name | CMP |
---|---|
Kajaria Ceramics | 1224.00 |
Somany Ceramics | 638.55 |
Cera Sanitaryware | 7230.35 |
Asian Granito India | 62.84 |
Pokarna | 474.05 |
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