Navi Mumbai, 9th October – 2024: Walplast Products Pvt. Ltd, a leading name in the building materials industry, reports strong growth across its Homesure Gyp EX Gypsum portfolio for the fiscal year. The company’s Homesure GypEX Gypsum Plaster range recorded a year-on-year (YoY) growth of 89%, driven by outstanding gains in key states such as Rajasthan , Gujarat and Maharashtra. Meanwhile, the Homesure GypEX Gypsum Board range achieved a significant YoY growth of 62%, with market share gains in Chhattisgarh and Maharashtra.
Kaushal Mehta, Managing Director of Walplast, stated, “Our growth this year highlights the confidence our customers have in our products and the success of our market-focused approach. By targeting high-growth regions and utilising our production capacity, we are gearing up to meet the rising demands of the construction sector. With new projects on the horizon, we are excited about the path ahead and the opportunities to further elevate our offerings.”
Walplast continues to strengthen its market presence across India, with operations in critical markets including Madhya Pradesh, Gujarat, Maharashtra, Rajasthan, Uttar Pradesh, and Chhattisgarh.
In addition, Walplast has introduced the most innovative technology of spray plaster, where we not only produce but also assist the industry by providing application services. This advancement not only reduces time but also saves money, offering greater efficiency for our customers.
“We have concentrated on establishing a robust brand presence and driving product awareness through engaging marketing campaigns. This year’s strong product growth is a testament to the strategic initiatives we have executed to enhance our market presence. We have prioritized listening to our customers and addressing their evolving needs with superior products and innovative solutions. By refining our marketing strategies and upgrading our distribution networks, we have been able to extend our reach and achieve significant traction in both established and emerging markets.”, said, Aniruddha Sinha, Sr. Vice President, Marketing, CSR, Toll Manufacturing & Business Head – P2P Division.
The company was recently in the news for its investment in capacity expansion and greenfield projects. These new facilities will increase Walplast’ production capacity by an additional 800,000 metric tons annually. The company has acquired approximately 3 Lac sq. metres of land for these projects, which are expected to be operational within the next six to eight months.
With a growing network of over 800 active distributors, 6,000 dealers, and more than 65,000 influencers, the HomeSure division remains a preferred choice in the construction sector. Its extensive product portfolio, which includes Wall Putty, Tile Adhesives, Gypsum-based products, Construction Chemicals, Admixtures, Paints, and more, continues to deliver exceptional customer experiences in terms of product performance and solutions.