Royal Ceramics Lanka PLC branded as Rocell, is a

Sri Lanka Sri Lanka (, ; si, ශ්‍රී ලංකා, Śrī Laṅkā, translit-std=ISO (); ta, இலங்கை, Ilaṅkai, translit-std=ISO ()), formerly known as Ceylon and officially the Democratic Socialist Republic of Sri Lanka, is an ...

holding company A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

and is also engaged in manufacturing

ceramic A ceramic is any of the various hard, brittle, heat-resistant and corrosion-resistant materials made by shaping and then firing an inorganic, nonmetallic material, such as clay, at a high temperature. Common examples are earthenware, porcelain ...

tile Tiles are usually thin, square or rectangular coverings manufactured from hard-wearing material such as ceramic, stone, metal, baked clay, or even glass. They are generally fixed in place in an array to cover roofs, floors, walls, edges, or o ...

s and bath ware. The company was founded in 1990 and in 1994, it was listed on the

Colombo Stock Exchange The Colombo Stock Exchange (CSE) ( si, කොළඹ ව්‍යාපාර වස්තු හුවමාරුව, translit=Kolamba Vyapara Vasthu Huvamaruva; ta, கொழும்பு பங்கு பரிவர்த்தனை) i ...

. The company is one of the constituents of the S&P Sri Lanka 20 Index. '' LMD'', a Sri Lankan business magazine placed the company 38th in the ''LMD 100'', a list of leading listed companies in Sri Lanka. Brand Finance ranked 74th amongst the 100 most valuable brands in Sri Lanka.

History

Royal Ceramics was incorporated in 1990 and in 1994, the company was quoted on the Colombo Stock Exchange. Subsidiaries of the company, Royal Porcelain (Pvt) Ltd and Rocell Bathware Ltd commenced operations in 2002 and 2009 respectively. From 2010, the company engaged in a series of acquiring stakes in other companies. This resulted in Royal Ceramics taking control of a stake of 20% in Delmege Forsyth In 2010, 25.85% in

LB Finance L B Finance PLC sometimes spelt LB Finance, is a Sri Lankan non-bank financial institution. The company is incorporated in 1971 and initially, the majority of shares were held by Lewis Brown & Company. The company was listed on the Colombo Stock E ...

in 2012, and 76.54% in Lanka Ceramics PLC in 2013. The acquisition of Lanaka Ceramics PLC for LKR2.9 billion from

C T Holdings C T Holdings PLC, formerly known as Ceylon Theatres Limited, is one of the largest conglomerate companies in Sri Lanka. The company was incorporated in 1928 by Chittampalam A. Gardiner and quoted on the Colombo Stock Exchange ever since. In 201 ...

gave Royal Ceramics the

monopoly A monopoly (from Greek language, Greek el, μόνος, mónos, single, alone, label=none and el, πωλεῖν, pōleîn, to sell, label=none), as described by Irving Fisher, is a market with the "absence of competition", creating a situati ...

over the tile market in Sri Lanka. The purchase became the 13th acquisition affected by the Dhammika Perera-Nimal Perera duo. In 2014, Rocell Pty Ltd was incorporated in Australia with LKR61.5 million initial investments as a part of international expansion. A

restructuring Restructuring is the corporate management term for the act of reorganizing the legal, ownership, operational, or other structures of a company for the purpose of making it more profitable, or better organized for its present needs. Other reasons ...

in 2017 saw Lanka Walltiles PLC being brought under the direct control of Royal Ceramics from Lanka Ceramic PLC. Royal Porcelain (Pvt) Ltd amalgamated with Royal Ceramics in 2019 and in 2021 CP Holdings was acquired.

Operations

The company plans to build a new tile manufacturing plant to raise production by 20% and aims to target the price-sensitive

market segment In marketing, market segmentation is the process of dividing a broad consumer or business market, normally consisting of existing and potential customers, into sub-groups of consumers (known as ''segments'') based on some type of shared charact ...

. Currently, under the brand name Rocell, the company serve the high-end of the market. Due to Sri Lankan economic crisis imposed import restrictions, the overall market share of the company has increased to 75% in floortiles and 82% in walltiles. The revenue of the company has grown by 100% to reach LKR2 billion in the third quarter of 2021. The company announced an LKR11 per share second interim dividend for the year 2021 also announced a 1-for-10 share split. In the

Institute of Chartered Accountants of Sri Lanka The Institute of Chartered Accountants of Sri Lanka (''CA Sri Lanka'') is a professional accountancy body in Sri Lanka. The Institute was established by Act of Parliament, No. 23 of 1959 as the sole organisation in Sri Lanka with the right to a ...

's 53rd Annual Reports Awards, the company won the silver award in the manufacturing category. The

Prime Minister A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is not ...

Ranil Wickremesinghe Ranil Wickremesinghe ( si, රනිල් වික්‍රමසිංහ, ta, ரணில் விக்கிரமசிங்க; born 24 March 1949) is a Sri Lankan politician who is the current president of Sri Lanka since 21 July 2 ...

attended the event as the guest of honour. Royal Ceramics renamed its subsidiary, Rocell Ceramics Limited to Biscuits and Chocolate Company Limited in a bid to diversify into

confectionery industry Confectionery is the art of making confections, which are food items that are rich in sugar and carbohydrates. Exact definitions are difficult. In general, however, confectionery is divided into two broad and somewhat overlapping categories ...

References

External links

Official website
{{All Share Price Index 1990 establishments in Sri Lanka Ceramics manufacturers Companies listed on the Colombo Stock Exchange Companies in the S&P Sri Lanka 20 Index Holding companies of Sri Lanka Holding companies established in 1990 Manufacturing companies based in Colombo

History

Operations

See also

References

External links