The bathware segment of Kajaria Ceramics continues to gain market share on the back of a strong brand recall and the expansion of the distribution footprint
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Kajaria Ceramics has recently published its Q2 results that were quite impressive. During the reporting period, the company achieved its highest-ever quarterly revenues, reflecting an active construction market, and a booming demand for home improvement products. Quarterly result highlights Revenues for the quarter surged 37 percent year on year (YoY) to Rs 974 crore, aided by a stellar volume growth of 25 percent over last year. The sharp rise in fuel prices and other input costs weighed on gross margins. However,…
