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Italtile reports modest retail growth amid challenging building industry conditions
The Mercury
|December 09, 2025
ITALTILE said there remains little sign of an improvement in the building industry due likely to "disappointingly low" GDP growth and in spite of lower interest rates.
The South African tile, bathroom-ware and home finishing products manufacturer, distributor and retailer said in an update on Monday that system-wide retail turnover reported by the group brands, CTM, Italtile Retail and TopT, rose by 1.2% for the period to November 30, 2025 from July 1, 2025, compared with the same period a year before.
In the integrated supply chain businesses, Retail had been destocking and sales from these businesses were lower due to less seaborne imports. Combined manufacturing sales by Ceramic Industries and Ezee Tile Adhesive Manufacturers to both the group and third-party customers, declined by 6.2% compared to the prior period.
Diese Geschichte stammt aus der December 09, 2025-Ausgabe von The Mercury.
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