Italtile Limited
JJSE:ITE791.00
ZAC
-9.00
(-1.12%)
Italtile Limited
JSE:ITE
(Johannesburg Stock Exchange)
Recent
price
791.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Italtile Limited Italtile Limited is a South African manufacturer, franchisor and retailer of ceramic and porcelain tiles, sanitaryware, bathroom furniture, taps, fittings, laminated and vinyl flooring, lighting products, home-finishing products, adhesives, grout, paints and related accessories. The company operates through five core segments including retail, franchising, manufacturing, supply and support services, and properties; its retail brands comprise Italtile Retail with 16 premium stores, CTM with 99 value-oriented outlets across Southern and East Africa, and TopT with 93 entry-level stores targeting underserved rural and township markets, supported by six online webstores and a total network of 208 physical locations serving homeowners from living standards measure 4 to 10. Manufacturing occurs via subsidiaries Ceramic Industries Proprietary Limited, which produces glazed porcelain floor tiles, ceramic wall and floor tiles, vitreous china sanitaryware, acrylic baths and shower trays across seven South African factories and one in Australia, and Ezee Tile Adhesive Manufacturers Proprietary Limited, which manufactures cement-based adhesives, water-based paints, grout and related products at nine plants in South Africa and three elsewhere in Africa; import and distribution services are provided by International Tap Distributors for brassware, Cedar Point Trading for shower enclosures, decor, wooden flooring and cabinets, and Durban Distribution Centre for tiles and logistics, with exports of tiles, sanitaryware, grout, paints and adhesives to sub-Saharan territories. Founded in 1969 by Gianni Ravazzotti and headquartered in Bryanston, Johannesburg, South Africa, the company maintains a vertically integrated supply chain, an extensive property portfolio valued in excess of R3.9 billion, and operates as a subsidiary of Rallen Proprietary Limited with a workforce of approximately 3,183 employees including franchise partners. Recent developments include the appointment of Mamedupi Matsipa as independent non-executive director and board committee changes in August 2025, declaration of final ordinary and special cash dividends for the fiscal year ended June 30, 2025 payable in September 2025, an intragroup acquisition of 675,000 shares by the Italtile Retention Scheme Trust from Italtile Ceramics Proprietary Limited on September 1, 2025, launch of the Samca+ floor tile factory and Ezee Tile's flagship plant in Vulcania, Gauteng, introduction of a new staff share scheme, and full-year earnings results reported on August 25, 2025 showing system-wide turnover of R11.5 billion despite a 2% decline.