NITCO planning to open new outlets to expand retail footprint

27 Oct 2020 Evaluate

NITCO is planning to open 10-12 new outlets over the next two-three months in Chandigarh, Kolkata, Amritsar, Haryana, Kerala and Tamil Nadu to expand its retail footprint, as real estate and construction will pick up in the coming months.

Of these, the size of three will be large, while the remaining ones will be medium or semi-medium sized. The company has opened around 60 stores in the last few years and has 120 active franchisee-run stores in the country. It also owns 10 exclusive display centres under the brand name 'Le Studio'. Opening up more stores in various states over the next few months shall further strengthen company’s presence in these geographies going ahead.

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.

Nitco Share Price

55.86 2.66 (5.00%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Kajaria Ceramics 1150.00
Somany Ceramics 573.15
Cera Sanitaryware 6804.00
Asian Granito India 57.22
Pokarna 424.00
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