Asian Granito to NITCO: Why India’s Rs 53,000-crore tile industry is facing a freight shock
- Posted on March 19, 2026
- By Financial Express
- 3 Views
Asian Granito to NITCO: Why India’s Rs 53,000-crore tile industry is facing a freight shock
India’s Rs 53,000-crore ceramic tile industry faces production disruptions as gas supply curbs and freight costs rise after the closure of the Strait of Hormuz. Companies such as Asian Granito India and NITCO warn of margin pressure, while CRISIL Ratings expects exports to fall 6–7% and revenue growth to slow.
