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    Nitco Tiles plans 400 showrooms by 2011

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    In an attempt to expand its footprint in the retail segment, Mumbai-based ceramic tiles manufacturer Nitco plans to open 400 showrooms in the next three years, said a top company official. “We are planning to open around 400 showrooms in the next three years period. It will all be on franschisee model,” said , manging director, .

    Meanwhile, the new showrooms will be opened in tier II cities including Madurai, Ludhiana, Panaji and Guwahati, informed Talwar.

    However, the company expects slower revenue growth in 2008-09 compared to the year-ago period. “We had a growth of around 40 per cent in FY08. However, last year has been a tough one, with real estate hit badly. Despite that we are hopeful of growing at around 15 per cent which is above the industry level,” he said.

    — IndiaRetailing Bureau