The five-year contract, equivalent to Rs 550 crore, will commence from FY24.
Chirag Parekh, chairman & managing director, Carysil, said: "Karran is rapidly taking over Quartz Kitchen Sink sales in USA from most other manufactures. We understand that global customers are looking at trusted supply manufacturing partner in India; hence, the Europe+1 strategies have begun to play to a large extent. Considering the expected global demand, we have expanded our manufacturing capacities. After receiving an overwhelming response to our products at the KBIS 2023 trade show in Las Vegas, Nevada (United States), we are confident that our product quality and reliability have earned us a strong reputation among our customers globally. We are committed to our global expansion plan and hence strengthening our position in the US market to provide the highest quality products and services to our customers, including the latest eco-friendly products."
Incorporated in 1987, Carysil is engaged in the manufacturing of composite quartz sinks. It has its manufacturing plant located in Bhavnagar, Gujarat, India and has a total installed production capacity of 10,00,000 sinks per annum as of date, one of the largest manufacturers of quartz kitchen sinks in Asia. The company also makes stainless-steel kitchen sinks with a core focus on high end "quadro sinks" and PVD sinks. The company also dealing in a wide range of built-in kitchen appliances under its "Carysil" Brand, having varieties of kitchen chimneys, dishwashers, cook-tops, built-in ovens, wine-chillers, etc. The company also offers bathroom solutions like premium sanitary ware, washbasins, and composite 3D tiles to name a few, under its "Sternhagen" brand.
On a consolidated basis, net profit of Carysil declined 30.19% to Rs 12.05 crore on 7.64% rise in net sales to Rs 137.80 crore in Q3 December 2022 over Q3 December 2021.
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