Founded in 1969, Italtile Limited is a proudly South African manufacturer, franchisor and retailer of tiles, bathroomware and other complementary home-finishing products. The Group’s retail brands are CTM, Italtile Retail and TopT, represented through a total network of 208 stores, including six online webstores. The brand offering targets homeowners across the Living Standards Measure 4 to 10 categories.
The retail operation is strategically supported by a vertically integrated supply chain comprising key manufacturing and import operations and an extensive property portfolio. The manufacturers are Ceramic Industries Proprietary Limited (“Ceramic”) and Ezee Tile Adhesive Manufacturers Proprietary Limited (“Ezee Tile”). The import businesses are International Tap Distributors (“ITD”), Cedar Point and Durban Distribution Centre (“DC”).
The Group strives to remain the best manufacturer and retailer of tiles, sanitaryware and complementary products in Africa, by offering an unrivalled shopping experience with the right products, beautifully presented, at the right time, place and price.
MARKET INDICATORS
| JUN | Financial year-end |
| Reports | |
| Interim half-year to December (February) | |
| Preliminary profit announcement (August) | |
| Integrated Annual Report (September) | |
| Dividends | |
| FEB | Interim dividend declared |
| MAR | Interim dividend paid |
| AUG | Final dividend declared |
| SEP | Final dividend paid |
| NOV | Annual general meeting |
for the six months ended 31 December 2024 and cash dividend declaration
for the year ended 30 June 2024 and cash divided declaration
Italtile is the leading manufacturer, retailer and franchisor of tiles and sanitaryware in Southern Africa.
The business is invested in a portfolio of differentiated, complementary, focused retail formats and manufacturing facilities centred on operational excellence and high-volume turnover.
The Group offers a compelling proposition for investors, business partners, franchisees and customers, as outlined below:
The Group was founded in 1969 and has a consistently impressive track record over the past five decades.
The unique business model is centred on a strategically diverse portfolio of long-standing high-profile retail brands which appeal across the income, demographic and geographic spectrum and are popularly acknowledged as industry trend setters. The integrated supply chain underpins the policy of ‘right product at the right time, place and price’. An extensive property portfolio comprises aspirational stores, state-of-the-art factories and productive quarries.
The Group's reward and empowerment ethos incentivises personnel to participate in the profitability of the business and ensures strong partnerships with employees, equity partners and entrepreneurial franchisees.
Strategic clarity and consistent achievement against key performance indicators are core operating practices. Performance indicators centre on sales, cost leadership, productivity improvements and performance culture and are achieved through a customer centric philosophy underpinned by sustained investment in improving and innovating the shopping experience to maintain and grow market share and enhance long-term sustainable value for stakeholders.
The Group has an experienced, supportive Board and a diverse high-performance management team with extensive industry- and related knowledge. The flat, low-cost organisational structure is optimal to achieve the Group’s stringent productivity and performance KPIs.
Growth is primarily driven through continuous improvement in productivity of people, facilities and capital. Expansion, through new store roll outs and capital expenditure on existing and new manufacturing facilities, is based on low-risk proven markets and growth opportunities, and underpinned by robust cash reserves.
Reflected by a strong balance sheet with limited financial leverage, cash generative operations and a sustainable long-term earnings outlook. Healthy cash reserves afford optimal capital allocation for continued growth.
Management has a long-standing reputation for consistency in strategy and delivery; transparent disclosure; and accessibility to the financial markets and media. The Group is committed to sustainable growth through sound governance, regulatory compliance and responsiveness to global best practice transformation.
