Euro Pratik Acquires 51% Stake in Drashti Surfaces

Drashti Surfaces has installed capacity of 1,20,000 sheets per month for laminates with 75% utilization rate
Drashti sold 10.69 lakh sheets in FY 2025-26, representing 15% growth
Veneer production capacity of 7,500 pieces per month with 50% utilization in FY 2025-26
Key drivers include texture synchronization with printed grain recreating natural wood look and feel, and matching edge bands across full color palette

Drashti operates in premium veneers and decorative laminates manufacturing
The company serves leading hotels, developers and corporates, strengthening institutional sales in India

Acquisition adds owned manufacturing to Euro Pratik's design-led, asset-light business model
Provides direct control over quality, cost, lead times and new design introduction speed
Expands product portfolio with Zero Series synchro and Release Paper laminates, dyed and metallic veneers, and marquetry
Represents stepping stone in own manufacturing in India with veneers and premium laminates under Make in India initiative

Strategic outlook: "We are evolving from a niche decorative brand into a comprehensive, full-surface lifestyle brand. The acquisition of Drashti Surfaces is a natural extension of our current portfolio and a strategic leap towards our vision."
Projected revenue of ₹120 crore in FY 2027-28
25% spare laminate capacity and 50% spare veneer capacity available for expansion
1,80,000 sq ft of balance FSI available for future growth
Up to ₹20 crore committed for expansion activities

Euro Pratik acquires 51% stake in Drashti Surfaces Private Limited
Acquisition cost: ₹31.12 crore funded from internal accruals
Drashti founder Jitendra Nandu brings 27 years of experience in veneers and laminates
Creates two-way synergy: Drashti gains Euro Pratik's 205 distributors and brand loyalty; Euro Pratik gains Drashti's hospitality and developer clients and export relationships