Italtile

Italtile

The entrance of a CTM store in Montague Gardens, Cape Town
Company type	Public
Traded as	JSE: ITA
ISIN	ZAE000099123
Industry	Home improvement
Founded	1969 (1969)[1]
Headquarters	Johannesburg , South Africa
Number of locations	208 (2024)[2]
Area served	Southern Africa East Africa[1]
Key people	Lance Foxcroft (CEO) Luciana Ravazzotti Langenhoven (Chairwoman)[3]
Products	Tiles Bathroom fixtures Kitchen fixtures
Brands	CTM Italtile
Services	Residential contracting
Revenue	R9.06 billion (2024)[4]
Operating income	R3.68 billion (2024)[4]
Net income	R1.5 billion (2024)[4]
Total assets	R10.44 billion (2024)[5]
Total equity	R8.47 billion (2024)[5]
Number of employees	3,183 (2024)[3]
Website	italtile.com

Italtile (officially Italtile Limited), is a South African home improvement company, listed on the JSE Limited, that operates numerous retail chain brands across Africa.^[6][7]

Founded in 1969, and headquartered in Johannesburg, Italtile operates around 208 stores across Southern and East Africa, focusing on tiles, bathroom fixtures, and kitchen fixtures. Its largest retail brand is CTM.^[8]

Italtile was founded in 1969, by Gianni Ravazzotti, as Italtile Retail. The company began importing tiles from Italy, and sold them through a store in Alberton, Gauteng.^[1]

In 1971, the group opened its first stores in Cape Town and Durban, and its first store in Johannesburg in 1972.^[3]

The group opened the Samca Floor tile factory in 1976.^[3]

In 1983, Italtile opened the first store under its CTM brand, in Roodepoort, Johannesburg. In the same year, another CTM store was opened in Stikland, Cape Town.^[3]

In 1988, Italtile Limited listed on the JSE, South Africa's largest stock exchange. The following year, the group's head office moved to Randburg, Johannesburg.^[3]

Italtile moved its head office once again, in 2000, to Bryanston, where it remains today. In the same year, the group began trading in Australia.^[3]

In 2002, Italtile Limited reached group revenue of R1 billion. This had increased to R5 billion by 2015.^[3]

As of 2024, Italtile manufactured 50% of all tiles purchased in South Africa.^[9]

The Italtile Group sells tiles, as well as kitchen and bathroom fixtures, at stores across Southern and Eastern Africa. It offers numerous brands that are exclusive to the company, including Kilimanjaro, Amalfi, Tivoli, Organic Earth, Diva, Quadratec, Styletec, Megatec, Betta, Homegrown, NuVinyl, Elf, ProGrip, and Promax.^[10]

As of 2024, the group has a network of 208 stores across all of its retail brands,^[2] most of which are located in South Africa. The largest brand is CTM, with 99 stores. Italtile store locations are:^[3]

• 188 in South Africa, across all 9 provinces
• 8 in Kenya
• 3 in Tanzania
• 1 in Zambia
• 4 in Botswana
• 3 in Namibia
• 1 in Lesotho

Italtile Group owns import companies International Tap Distributors, Cedar Point, and Distribution Centre, with facilities in the Western Cape, Gauteng, and KwaZulu-Natal provinces. Italtile also has 17 factories under its Ceramic Industries and Ezee Tile subsidiaries (with the majority being in South Africa, 1 in Australia, and the rest across Africa). Italtile also has a 30% shareholding in Easylife Kitchens.^[1][3]

Export markets for Italtile include Kenya, the DRC, Angola, Malawi, Mauritius, Zimbabwe, Mozambique, and Madagascar.^[3]

The company has the capacity to produce 52 million m2 of tiles annually.^[3]

Italtile has a property portfolio that, as of 2025, is valued at around R4 billion.^[1]

As of 2025, 16% of Italtile's revenue comes from franchising, 15% from real estate investments, 16% from supply and support services, 28% from manufacturing, and 25% from retail.^[3]

Italtile's corporate social responsibility division and Foundation spent R114 million on social initiatives during the company's 2024 financial year.^[3]

The group employs carbon reduction initiatives, and in 2024, it generated over 8,000 MWh of solar power.^[1]