The call ran from 10:31 AM to 11:30 AM IST (1 h).
Key takeaways
Cera delivered strong volume-led growth despite severe input cost inflation in brass and gas. Management is confident of surpassing its 18-20% revenue target while maintaining improved margins in H2.
| Revenue: guided vs achieved | 27.40% achieved Guided 18.00%–20.00%, 37.0% above the top of the range; confirmed by management |
|---|---|
| Revenue guidance | 20.0% → 21.0% Raised by 1.0 percentage points |
| Management target | Revenue 20.0% FY27 |
| Revenue growth | ₹603 Cr, up 27.4% YoY, primarily driven by strong volume traction. |
|---|---|
| Margins | EBITDA margin at 12.2% vs 14.2% YoY due to input costs. |
| Demand visibility | Strong retail recovery complemented by steady performance in the projects business. |
| Management confidence | Balanced; confident in volume momentum despite significant raw material headwinds. |
Growth
Revenue grew 27.4% YoY, primarily volume-driven across sanitaryware (24%) and faucetware (38%) segments.
Outlook
Full-year EBITDA margin outlook maintained at 13-14% with revenue growth exceeding 20% target.
Risks
Elevated brass prices (up 58% YoY) and gas costs pressure margins despite price hikes.
Last quarter's promises, checked
Delivered
- FY27 revenue growth 18–20% → 27.4% YoY, quarterly not full-year (= BEAT)
Partly delivered
- FY27 EBITDA margin 13.5–14% → 12.2% qtr, up from 10.1% in Q1 (= PARTIAL)
- FY27 capex ₹43 Cr → ₹27 Cr in H1, on pace (= PARTIAL)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Cera Sanitaryware Q2 FY27 Results: Net Profit ₹56.1 Cr, Down 0.9% YoY
Cera Sanitaryware Ltd reported revenue from operations of ₹603 Cr (+27.4% YoY) and net profit of ₹56.1 Cr (-0.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹56.1 Cr · -0.9% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management maintained FY27 revenue growth guidance of 18-20% and EBITDA margins of 13.5-14%.
Growth they described
Revenue reached 486 Cr, driven by volume growth of 10% in sanitaryware and 18% in faucetware.
Call details
| Company | Cera Sanitaryware Ltd |
|---|---|
| NSE symbol | CERA |
| ISIN | INE739E01017 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 10:30 AM IST |
| Length | 1 h |
| Audio | Our stream on YouTube ↗ |
Cera Sanitaryware Ltd: key numbers
- Share price
- ₹4,777.30
- Market cap
- ₹6,162 Cr
- Revenue (annual)
- ₹2,050 Cr
- Net profit (annual)
- ₹204.2 Cr
- P/E (TTM)
- 30.4×Sector 43.7×
- Promoter holding
- 54.41%+0.00% QoQ
- FII holding
- 15.55%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Other calls on Thu, 5 Nov
Today's concalls →
