Nitco Tiles is planning to open 12 'Le Studio' showrooms and 120 'Le Express' across the country in the next 18 months. | |
| Besides, the Rs 450-crore company, which has been growing at 50 per cent for the last thee consecutive years, has set the sales turnover target of Rs 2,000 crore by the end of FY 2009-10. It expects to close the 2007-08 fiscal with Rs 650 crore, said Kalyan Paul, chief operating officer, Nitco Tiles. |
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| The company currently has four Le Studio showrooms in Mumbai, Kolkata, Coimbatore and Nashik, which was opened recently. Le Studio is the company-owned branded showroom, while Le Express are franchisee outlets. |
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| "We are planning to open another 12 new Le Studio showrooms and 120 new Le Express outlets in major cities in the next 18 months. Each Le Studio showroom would require an investment of Rs 40 lakh to Rs 60 lakh and have a carpet area of between 3,000 sft and 5,000 sft," Paul said. |
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| Le Studio provides a one-stop display of Nitco offerings such as ceramic tiles, vitrified tiles, cement-terrazzo tiles, pavers, designer and chequered tiles, and imported marbles. According to Paul, the company enjoys the second position in the country in the tiles segment with ceramic tiles accounting for a 15 per cent market share and vitrified tiles 14 per cent share. |
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| The company has four manufacturing facilities in the country in Maharashtra - three in Mumbai and one in Silvasa. |
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