Everything You Need to Know About India’s Tile Sector | Markets by Zerodha Hindi

Описание: The Indian tiles industry is a bit of a paradox: revenue is projected to hit ₹76,000 crore by FY29, yet listed giants are struggling to keep their margins from cracking.
The Core Tension
While the market is expanding, profits are being squeezed by a massive internal force: The Morbi Cluster. This ecosystem produces 80–90% of India’s tiles, operating with cost advantages that make it nearly impossible for big brands to hike prices.

What You’ll Learn:
The Morbi Effect: Why "unorganized" players are actually the most efficient competitors in the game.
The Cost Trap: With raw materials and power costs largely out of their control, how can companies actually grow?
The Export Hangover: How a slowdown in global demand turned an export boom into a domestic price war.
The New Strategy: Why the big players are shifting toward outsourcing, premium GVT tiles, and diversifying into bathware and adhesives.

Timestamp -
0:00 - Intro: India's ₹53,000 Cr tile sector & the profit problem
1:36 - Types of tiles: Ceramic vs Vitrified
3:48 - Major cost drivers: Raw material & power costs
5:02 - Market share: Organized vs Unorganized players
7:01 - Morbi cluster: India's tile manufacturing hub
9:57 - Organized players' sales growth (FY19 onwards)
12:39 - Strategies to boost profitability (outsourcing & JVs)
14:00 - Premiumization: GVT & Large Slab tiles
15:23 - Diversification: Adhesives & Sanitaryware
16:30 - Conclusion & outlook


Resources -
https://www.sebi.gov.in/filings/publi...
https://ceramicworldweb.com/en/magazi...
https://jayganeshminerals.com/blog-de...
https://ftp.motilaloswal.com/emailer/...
https://bharatbuildcon.com/morbi-the-...
https://morbitiles.org/
https://theprint.in/economy/a-war-in-...
https://morbitiles.org/morbi-tile-ind....
https://www.careratings.com/upload/Ne...
https://ceramicworldweb.com/en/magazi...
https://www.nuvamawealth.com/ewwebima...
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Asian Granito Concall Transcript Q3 FY26-
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