Euro Pratik Sales Limited on Monday announced the acquisition of a 51 per cent stake in Chawla Brothers, a partnership firm dealing in decorative surfaces, for ₹33.2 crore, including a capital infusion of ₹4.1 crore. The transaction is expected to close by March 31, 2026, and will be funded entirely through internal accruals. The acquired business is projected to generate revenue of approximately ₹80 crore in FY27.
The stock was trading at ₹212.70 on the NSE on Monday morning, down 0.91 per cent from its previous close of ₹214.65, with the scrip touching an intraday high of ₹218.80 and a low of ₹211.50.
This is Euro Pratik’s second acquisition in four months, following its purchase of URO Veneer World, which expanded the company’s footprint in southern India. The Chawla Brothers deal targets the northern market, where the target firm has operated since 1978 across Punjab, Haryana, Jammu & Kashmir and Himachal Pradesh.
Chawla Brothers operates from Jalandhar and Ludhiana, with a dealer network of over 450, warehousing of 50,000 sq. ft., and a team of 75. Its customer base spans architects, builders, contractors, OEMs and retail consumers across both wholesale and retail channels.
Pratik Singhvi, Chairman and Managing Director, Euro Pratik Sales Limited, said, “…This acquisition is a key milestone in our growth journey as we continue to build a strong pan-India presence…With a net debt-free balance sheet and strong internal accruals, we are well-positioned to pursue value-accretive growth opportunities while enhancing our distribution capabilities and product reach…”
Euro Pratik, which holds over 16 per cent market share in the organised decorative wall panel segment, plans to gradually replace competing products at Chawla Brothers with its own portfolio, targeting margin expansion and revenue growth post-integration.