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Earnings Call

Cera Sanitaryware Earnings Call: Key Takeaways

Cera delivered 11.4% revenue growth but suffered margin contraction due to high input costs and aggressive trade discounts. Management is banking on significant price hikes and premium brand expansion to restore EBITDA levels.

Why this was an Alfa AlertNot a filter event. Results and guidance are largely in line with previous long-term trajectory without material beats.
Highlights
Revenue growth11.4% YoY growth; sanitaryware up 10.7%, faucets up 24.3%.
MarginsEBITDA margins fell to 15.2% from 18.3% YoY.
Order bookProject business increasing; now 40% of total revenue mix.
Demand visibilityGradual retail recovery; strong momentum in project business.
Management confidenceBalanced but cautious regarding raw material volatility and gas prices.

Growth

Volume-led growth in faucets (24.3%) and sanitaryware (10.7%) outpaced pricing. Premiumization efforts are currently margin-dilutive.

Outlook

FY27 revenue guidance of 18-20% growth. Targeted faucet volume growth of 10-12%.

Risks

High brass costs and persistent trade discounts. Heavy reliance on 'Senator' brand reaching breakeven.

Source

Earnings Call filed with BSE, NSE: CERA. Summary written with AI assistance from the document.

Read the document ↗

Cera Sanitaryware Ltd: key numbers

Share price
₹5,396.50
Market cap
₹6,960 Cr
Revenue (annual)
₹2,050 Cr
Net profit (annual)
₹204.2 Cr
P/E (TTM)
34.3×Sector 45.9×
Promoter holding
54.41%+0.00% QoQ
FII holding
15.42%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Cera Sanitaryware Ltd

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18:01 IST BSE
Employee Stock Options

Cera Sanitaryware Employee Stock Options

Cera Sanitaryware Employees Welfare Trust acquired 2,150 equity shares via market purchase. The transaction, valued at ₹1.21 Crore, increased the trust's holding to 0.05%.

Value
₹1.21 Cr
16:23 IST BSE
Capital Structure Change

Cera Sanitaryware Capital Structure Change

Cera Sanitaryware Employees Welfare Trust purchased 2,335 equity shares via market route for a total consideration of ₹1.30 Crore.

Value
₹1.30 Cr