Apollo Pipes subsidiary acquires 76% control of Mazzini Tiles for Rs. 40.42 crore
As filed · Apollo Pipes Limited has informed the Exchange about Acquisition of controlling interest in Mazzini Tiles LLP by a Subsidiary of the Company.
What happened
FactApollo Ceramics Limited, a subsidiary of Apollo Pipes, has completed the acquisition of a 76% stake and profit-sharing rights in Mazzini Tiles LLP for cash consideration of Rs. 40.42 Crore. Mazzini manufactures tiles and ceramic products at Morbi, Gujarat, and reported turnover of Rs. 87.15 Crore in FY 2025-26.
Why it matters
CapitSignal interpretationAn acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.
Scale
- 4.6% of FY26 revenue
₹40.42 Cr stated in the filing against ₹887.44 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
Revisedwe are looking for a very strong set of distributors who can run along with us, right, to match our growth commitments of 35% on an annual basis.
We will be doing double-digit volume growth.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Consideration and how it is funded
- Revenue and profit of the target
- Expected completion date
- With PVC prices stabilizing, we are confident of delivering a significantly better performance in H2FY27. (management committed by H2 FY27)
- So, in terms of volume, we are confident of high double-digit volume growth for next coming years, including F (management committed by FY27)
Evidence
- Apollo Pipes Limited has informed the Exchange about Acquisition of controlling interest in Mazzini Tiles LLP by a Subsidiary of the Company.(opens the original filing in a new tab)
- Earlier statement · Q4 FY26
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- The completed acquisition gives Apollo Pipes control of a tiles and ceramics manufacturer, expanding its building-materials presence. Mazzini’s reported turnover increased from Rs. 76.67 Crore in FY 2024-25 to Rs. 87.15 Crore in FY 2025-26.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%