Please find enclosed herewith the Press Release titled "MCPL Marks Middle East Entry with Launch of Dubai Display Centre Amidst Soaring Interiors and Real Estate Momentum".
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Manoj Ceramic Limited (MCPL) has launched its first Display Centre in Dubai, UAE, marking its formal entry into the Middle East market. The centre will showcase MCPL's full ceramic tile, sanitaryware, bath fittings and tile adhesive range to B2B customers such as architects, developers, and institutional buyers, with a strategic focus on the broader GCC and African markets. The company cites Dubai's booming real estate and interiors sector — property prices up over 75% since 2021 and the UAE interior design market projected to grow from USD 3.58 billion in 2025 to USD 4.97 billion by 2030 — as the rationale for expansion. The Managing Director described this as part of MCPL's export-led global growth strategy and flagged high-value opportunity in the region.
For shareholders, this signals MCPL's push into international markets which could support future revenue diversification, though the launch is a display/sales setup rather than a confirmed order, so near-term financial impact may be limited. The move is positive for long-term growth narrative but does not change current fundamentals.