Acrysil expands dealer network from 1500 to 1880 PAN India; stock marginally up

5 Jul 2022 , 12:41 PM

Acrysil Limited, a global manufacturer of “Composite Quartz Kitchen Sinks” in India using German technology, has increased its dealer network from 1500 to 1880 in the last three months, representing a 25% increase in dealer network PAN India.

Furthermore, the company intends to increase its dealer base to 3000 by the end of the fiscal year 2023. The Company’s position in the domestic market will be strengthened further as its dealer network expands.

“Acrysil Limited plans expansion of its presence across the country. The expansion of our dealer network reflects the acceptability of our brand and the future potential of our products. This dealer network expansion will aid Acrysil’s market penetration and reach throughout India, as well as improve brand visibility.

With this expansion, we anticipate strong growth in domestic sales across all categories in the coming quarters. Furthermore, the newly appointed SIS (Shop in Shop) and exclusive galleries will have new displays with innovative products, boosting brand confidence,” commented Chirag Parekh, Chairman & Managing Director, Acrysil Limited.

He further added, “Acrysil is continuously striving to innovate and introduce new products to the market. We have expanded our sales and marketing team to broaden our reach, and we are confident in our brand’s presence throughout India.”

At around 12.46 PM, Acrysil was trading at Rs622.35 up by Rs2.3 or 0.37% from its previous closing of Rs620.05 on the BSE. The scrip touched today’s high and low of Rs629 and Rs612.55 respectively.