Euro Pratik Sales Limited projects Rs 120 crore in FY 2027-28

Euro Pratik projects Rs 120 crore of Drashti revenue in FY 2027-28, supported by 25% spare laminate capacity, 50% spare veneer capacity, access to 205 distributors and an expansion commitment of up to Rs 20 crore. The projection is part of Euro Pratik’s plan to obtain 51% control for Rs 31.12 crore.

How does Euro Pratik plan to reach Rs 120 crore of Drashti revenue?

Euro Pratik says Drashti can reach projected revenue of Rs 120 crore in FY 2027-28 by combining unused manufacturing capacity, its distribution access and further expansion. The presentation identifies 25% spare capacity in laminates, 50% spare capacity in veneers, 1,80,000 square feet of balance floor space index (FSI), and up to Rs 20 crore committed for expansion as the stated sources of growth headroom.

The FY 2027-28 revenue figure is a projection rather than reported sales. Euro Pratik frames the plan around a move from its design-led, asset-light model into owned production of premium laminates and veneers, which it says would give it more direct control over quality, cost, lead times and the speed at which new designs reach the market.

The operating data show different starting points across the two product lines. Drashti Laminates sold 10.69 lakh sheets in FY 2025-26, up 15%, while its 1,20,000-sheet monthly installed base was 75% utilised; Drashti Veneers’ 7,500-piece monthly capacity was 50% utilised in the same financial year. These utilisation rates correspond to the 25% laminate and 50% veneer headroom cited in the acquisition rationale.

What capacity is available for Euro Pratik’s Drashti plan?

Euro Pratik’s disclosed capacity headroom is 25% for laminates and 50% for veneers, with balance FSI of 1,80,000 square feet available for further expansion. The laminate operation has a 1,20,000-sheet monthly installed capacity, whereas the veneer operation has a 7,500-piece monthly installed capacity, making unused capacity central to the FY 2027-28 projection.

The product mix behind that capacity includes five laminate design series: Wood, Marble, Abstract, Textile and Solid Colours. Drashti’s Zero Series uses texture synchronised with the printed grain to recreate the look and feel of natural wood, while matching edge bands cover the full Zero Series colour palette for seamless finishing.

On veneers, Drashti offers Natural, Fumed, Metallic, Dyed and Marquetry products. The presentation describes dyed veneers as using an imported European dyeing line and marquetry as custom inlaid artwork panels; Euro Pratik says the acquisition would add Zero Series synchro and Release Paper laminates, dyed and metallic veneers, and marquetry to its portfolio.

How can Euro Pratik’s distribution network support Drashti?

Euro Pratik says Drashti will gain direct access to its network of 205 distributors across 148 cities, as well as to dealer and furniture original equipment manufacturer, or OEM, channels. The stated mechanism is to put Drashti’s laminate and veneer products before a wider existing trade network rather than relying only on Drashti’s prior routes to market.

The distribution case also includes Euro Pratik’s established brand relationships with distributors, dealers and architects. Management says Drashti products would benefit from that trust and recall, while Euro Pratik would use Drashti’s manufacturing base to gain greater control over product quality, cost and design-to-market speed. These are intended operating synergies rather than reported revenue contributions.

The other side of the channel proposition is institutional and international access. Drashti has relationships with hotel chains including Taj, Oberoi, Marriott and Hyatt, while its export customers span South-East Asia, the US, Europe, the Middle East and Africa. Euro Pratik says these relationships complement its subsidiaries in the UAE and US, and that Drashti’s institutional links can strengthen its sales presence in India.

What is Euro Pratik buying and when is the plan scheduled?

Euro Pratik states that it will obtain 51% control for Rs 31.12 crore, funded from internal accruals, and describes the transaction as its step into own manufacturing in India for premium veneers and laminates. The presentation also cites 27 years of experience in veneers and laminates within Drashti’s leadership.

The platform-building timeline lists a November 2026 step for “Drashti Surfaces – 51%,” described as providing own manufacturing of veneers and laminates. Earlier entries list URO Veneer World at 51% in December 2025, described as the largest retail store in South India, and Chawla Brothers at 51% in April 2026, described as strengthening Euro Pratik’s presence in North India.

The acquisition is presented as an addition to a one-stop surface-decor platform. Decorative laminates, veneers and marquetry would be added through Drashti, while the existing basket includes exterior claddings, profiles and mouldings, wall panels and louvers, interior films and adhesives, and acrylic and PVC surfaces. Euro Pratik’s stated objective is a wider product basket supported by in-house manufacturing and broader retail and distribution reach.

Conclusion

Euro Pratik’s Rs 120 crore FY 2027-28 projection for Drashti rests on identifiable inputs in the presentation: unused laminate and veneer capacity, a 205-distributor network across 148 cities, institutional and export relationships, 1,80,000 square feet of balance FSI and up to Rs 20 crore committed for expansion. The plan combines manufacturing products such as Zero Series laminates and dyed veneers with Euro Pratik’s existing surface-decor categories.

The next disclosed milestone is the November 2026 schedule for 51% of Drashti Surfaces, followed by execution of the capacity and channel expansion plan. Progress will depend on deployment of the up to Rs 20 crore expansion commitment, use of the available 25% laminate and 50% veneer headroom, and reported movement toward the FY 2027-28 revenue projection.