Ceramics maker on expansion spree as uptrend, export remain on a strong footing

The Indian ceramic tile market is estimated to grow at a CAGR of 8.6 per cent and reach $7,144.7 million by 2027. According to a report by ICICI Securities, the margin uptrend will continue as input prices remain benign. Looking to cash in on the growth opportunity, Delhi-based Exxar Tiles has announced the unveiling of a new showroom in Mumbai as part of its expansion spree. 

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