What Ghani Glass management is saying about the future?

Posted by: Tania Farooq 0

What Ghani Glass management is saying about the future?

Ghani Glass Ltd (GHGL) and Ghani Value Glass Ltd (GVGL) just shared updates on how their business is doing and what to expect going forward. Here’s what you need to know, explained simply.

Slower construction, slower sales

Ghani Glass (GHGL) made Rs33.5 billion in sales during the first 9 months of FY25. That’s down 7% compared to last year. Why? Construction activity has been slow and demand is weaker.

Profit still holding up

Despite the slower sales, profits were Rs4.4 billion slightly lower than last year (Rs4.9 billion), mainly due to less income from one of its associate companies.

Margins getting better

Even with challenges, GHGL managed to improve its gross profit margin from 27.0% to 27.9%. This means they earned slightly more for every rupee of sales.

Strong market share

GHGL continues to lead the market with:


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  • 95% share in pharmaceutical glass
  • 96% in food & beverage
  • 75% in float glass

This means they’re still the top choice for most customers in these areas.


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Future outlook: depends on tariffs

Right now, there’s no major impact from import tariffs. But going forward, if the government reduces tariffs, it could change the game. Management is keeping an eye on it.

Ghani Value Glass (GVGL) sees growth

GVGL is doing better than last year:

  • Sales up 17% to Rs4.5 billion
  • Profit up 20% to Rs862 million

The main reason? Higher demand for its glass products.

Margins stayed strong at 37.1%, almost the same as last year.

New projects are rolling out

GVGL has started a new printed glass line for appliances, think refrigerators, ovens, etc. This is expected to boost both sales and profits in the coming quarters.

Final thoughts

While GHGL faced a tough 9 months due to slow construction, GVGL performed well. Management is optimistic and investing in new products to drive future growth.

If you’re following the glass industry or looking at companies with strong market share and steady profits, both GHGL and GVGL are worth watching.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →

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