Stonex sets up Rs 75cr marble plant in Rajasthan; aims 40% sales growth in FY'19 at Rs 350cr

Stonex India, which is engaged in marble and natural stones business, has invested Rs 75 crore to set up a manufacturing plant in Rajasthan for its organic growth and the company aims 40 per cent jump in turnover in 2018-19 financial year, a top official said.

In 2017-18, the Delhi-based company posted a turnover of Rs 250 crore, of which Rs 200 crore came from sale of marble and rest from ceramic tiles/other stones, its CMD Gaurav Agrawal said.

Almost 95 per cent of its sales came from imported marble segment, he added,