Company: Italtile
Country: South Africa
Sector: Specialty Stores
CEO: Not publicly listed
Website: Not publicly listed
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: Not publicly listed
Headquarters: Bryanston, Sandton, South Africa
Founded: 1969
Valuation/Revenue: $511.8m revenue; $736.6m market value (African Business Top 250, 2025)
Italtile is a South African home-improvement retailer and manufacturer specialising in tiles, sanitaryware, bathroom and kitchen fixtures, operating a portfolio of retail brands including CTM (Ceramic Tile Market), its largest and most widely recognised chain, across roughly 200 stores in Southern and East Africa. Listed on the Johannesburg Stock Exchange since 1988, it also manufactures tiles domestically, making it both a retailer and a producer within its category.
What Does Italtile Do?
Italtile operates a group of specialty retail brands centred on tiles, bathroomware and kitchen fittings, with CTM as its flagship chain alongside other formats targeting different price points and customer segments. Uniquely for a retailer of its kind, Italtile also owns significant local tile manufacturing capacity, historically producing roughly half of all tiles purchased in South Africa, which gives it a vertically integrated cost advantage over pure importers and smaller independent tile retailers.
Is Italtile Legit?
Yes. Italtile has been listed on the JSE since 1988, was founded in 1969 by Gianni Ravazzotti, and its CTM stores are a familiar fixture of South African home-improvement shopping. It is a fully licensed, tax-compliant public company, not an informal retailer, and it publishes regular audited results as required of a listed group.
How Big Is Italtile?
According to African Business magazine’s Top 250 companies in Africa list for 2025, Italtile generated revenue of roughly $512 million against a market value of about $737 million, ranking 154th among Africa’s largest companies. The company’s revenue has grown substantially over the decades, from around R1 billion in 2002 to roughly R5 billion by 2015, reflecting both organic store growth and expansion of its manufacturing operations, though its performance remains closely tied to South African residential construction and renovation activity, a sector sensitive to interest rates and consumer confidence.
Who Owns Italtile?
Italtile was founded by Gianni Ravazzotti, and the Ravazzotti family, including Luciana Ravazzotti Langenhoven, has remained closely associated with the company’s board and shareholding since its 1988 JSE listing. The remainder of shares trade publicly on the JSE among South African and international institutional investors.
Is Italtile Publicly Traded?
Yes. Italtile has traded on the JSE since 1988 and is one of the exchange’s established specialty retail and building-materials names.
How Does Italtile Compare to Its Competitors?
Italtile competes with other South African home-improvement and building-materials retailers such as Cashbuild, Build It (part of the Spar-affiliated network) and various independent tile and bathroomware importers, but its combination of retail scale (via CTM) and domestic tile manufacturing gives it a distinctive vertically integrated position within its niche.
What Has Italtile Been in the News For Recently?
Italtile’s results in recent years have tracked the broader South African construction and home-renovation cycle, which has faced headwinds from load-shedding-related economic disruption, high interest rates and subdued consumer confidence, even as the group has continued to expand its store footprint into East Africa. Like other South African retailers, it has also had to manage input cost inflation and currency volatility affecting imported product lines.
Links
Website: Not publicly listed
Careers Page: Not found
LinkedIn: Not found
Email: Not publicly listed
FAQ
Is Italtile legit? Yes, it is a JSE-listed South African retailer and manufacturer operating since 1969, best known for its CTM tile stores.
Who owns Italtile? The Ravazzotti family, who founded the company, remain closely associated with it alongside public JSE shareholders.
How big is Italtile? Revenue of about $512 million and market value near $737 million per African Business’s 2025 Top 250 ranking.
What is Italtile’s biggest brand? CTM (Ceramic Tile Market), its flagship retail chain.
Where is Italtile headquartered? Bryanston, Sandton, South Africa.
Is Italtile publicly traded? Yes, on the JSE since 1988.