Nitco tumbles 3% after update on Dealer Portal and New Franchise Showrooms

Mumbai-based, NITCO's pan-India presence is facilitated through display centres, franchisees and a retail network spread across the country.

Mar 19, 2021 01:03 IST India Infoline News Service

Nitco Limited (Nitco) has issued an update on the creation of Dealer Portal and New Franchise Showrooms opened in the last 3 months.

Here's how the performance has been of the company's Dealer Portal and New Franchise Showrooms:

Dealer Portal:

NITCO said, "As part of our effort to incorporate the latest Information Technology in the company, we have introduced the all-new NITCO dealer connect - a portal for our dealer community. This one-stop portal gives a seamless experience to the dealer to get all information on inventories, SKU’s, product catalogues, industry updates, trends etc. With more dealers joining the dealer connect, the tech-enabled portal will enable us to drive analytics in an improved manner."

Newly opened Franchise Showrooms:

NITCO said, "Due to the ongoing support extended by NITCO towards its growing dealer family, many dealers have been able to multiply their business. NITCO also provides support by conducting mason & architect meets regularly, thereby enabling the communities with big
and small projects."

Mumbai-based, NITCO's pan-India presence is facilitated through display centres, franchisees and a retail network spread across the country. In the last three months alone, NITCO launched 11 franchise showrooms viz., 5 on December, 1 in January and 5 more in February. These new showrooms were opened pan India in regions like Manipur, Madhya Pradesh, Kerala, Jharkhand, Bihar, West Bengal, Punjab and more. With these additions, the total count of NITCO’s Company-owned and active franchise showrooms stand at 10 and 120 respectively.

On Sensex, NITCO was trading at Rs20 per piece down by 2.9% at around 1.26 pm. 

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