Please find enclosed herewith the Press Release titled " Manoj Ceramics Elevates Product Line & Partners with Jaquar Scaling Customer Base"
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Manoj Ceramics has partnered with Jaquar to open a 500 sq. ft. exclusive display centre in Ghatkopar, Mumbai, showcasing premium sanitaryware and bathroom solutions alongside its ceramic tiles under one roof. The company has also launched several new products, including 2400x1200 mm glue finish tiles, new tile sizes for West and South India markets, wooden planks, premium exotic stones, and next-gen quartz stones. Management aims to strengthen its premium interiors presence and expand its retail and distribution network. The Managing Director stated the company expects to achieve a 25–30% CAGR over the next three years, supported by product innovation and strategic collaborations. This is primarily a brand-building and distribution move rather than a financial transaction.
Positive sentiment driver for the stock as it signals growth ambition and brand association with a strong name like Jaquar, but the partnership is a display-centre collaboration rather than a capital investment, and the 25–30% CAGR is a forward-looking management target, not a guaranteed outcome. Investors should watch for actual revenue and margin traction in coming quarters.