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Earnings Call Transcript

Cera Sanitaryware Earnings Call Transcript: Key Takeaways

Cera Sanitaryware reports robust 19.5% revenue growth in Q1FY27, but EBITDA margins were severely dented by brass and gas cost spikes alongside one-time worker settlement provisions.

Guidance and delivery
Management target Revenue 19.0% FY27
Highlights
Revenue growth19.5% YoY growth to 486 Cr, primarily volume-driven.
MarginsEBITDA margins fell to 10.1% due to raw material inflation.
Demand visibilityStrong traction in project segment; gradual improvement in retail segment.
Management confidenceBalanced; optimistic on volumes but defensive on one-time margin hits.

Growth

Revenue reached 486 Cr, driven by volume growth of 10% in sanitaryware and 18% in faucetware.

Outlook

Management maintained FY27 revenue growth guidance of 18-20% and EBITDA margins of 13.5-14%.

Risks

Brass costs soared to 900/kg; margin recovery depends on pending project-segment price hikes.

Last quarter's promises, checked

Delivered

  • Guided 40 Senator stores in FY26 → delivered 40 stores (= BEAT)
  • Guided 102 Polipluz distributors in FY26 → delivered 102 distributors (= BEAT)
  • Guided 1,120 Polipluz dealers in FY26 → delivered 1,120 dealers (= BEAT)

Partly delivered

  • Guided 18-20% FY27 revenue growth → delivered 19.5% in Q1 (= PARTIAL)

Missed

  • Guided 14-15% EBITDA margin → delivered 10.1% (= MISS)
  • Guided Senator FY26 revenue ~10.5 Cr → delivered 10.5 Cr (= BEAT)
Source

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

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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.

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18:01 IST BSE
Employee Stock Options

Cera Sanitaryware Employee Stock Options

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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