| Revenue growth | 24% YoY consolidated Q2 revenue |
|---|---|
| Margins | EBITDA margin 19.51% vs 17.94% YoY; 19.60% in Q1 |
| Demand visibility | Better demand, market share gains; exports subdued |
| Management confidence | Confident in sustaining healthy growth |
Growth
Consolidated Q2 revenue +24%, PBT +41%, PAT +43% YoY; H1 PAT +48%. Q2 production volume +10% YoY.
Outlook
Srikalahasti 12.5 MSM (₹340 Cr, Jun-2027); Gailpur 11 MSM (₹180 Cr, Apr-2027); Durgapur adhesive plant ₹34 Cr (Dec-2027).
Risks
Subdued export demand in H1 FY27; elevated freight rates and limited container availability hit Morbi manufacturers.
Last quarter's promises, checked
Delivered
- Guided 20% FY27 value growth → Q2 consol revenue +24% (= BEAT)
- Guided 18–19% FY27 EBITDA margin → Q2 19.51% (= BEAT)
Partly delivered
- Guided double-digit volume growth → Q2 production +10%; sales volume n/d (= PARTIAL)
- Guided Gailpur 11 MSM ₹165 Cr by Apr-27 → now ₹180 Cr, Apr-27 (= PARTIAL, cost +9%)
Missed
- Guided Srikalahasti 10 MSM ₹210 Cr → now 12.5 MSM ₹340 Cr, Jun-27 (= MISS, cost +62%)
Investor Presentation filed with NSE, NSE: KAJARIACER. Summary written with AI assistance from the document.
Kajaria Ceramics Ltd: key numbers
- Share price
- ₹1,116.00
- Market cap
- ₹17,777 Cr
- Revenue (annual)
- ₹4,830 Cr
- Net profit (annual)
- ₹485.4 Cr
- P/E (TTM)
- 29.5×Sector 41.7×
- Promoter holding
- 46.74%-0.95% QoQ
- FII holding
- 12.05%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Kajaria Ceramics Ltd
All →Kajaria Ceramics Earnings Call Transcript: Key Takeaways
Kajaria delivered solid volume growth and margin expansion despite subdued exports from Morbi. Management remains optimistic about double-digit volume growth driven by domestic demand and capacity expansions.
- Call
- Guides 10% growth
Kajaria Ceramics Capacity Expansion: ₹34 Cr Investment
Kajaria Ceramics will build a Rs.34 Crore tile adhesive plant in Durgapur, adding 9,000 MT monthly capacity. Completion is targeted by December 2027.
- Value
- ₹34.00 Cr
- Execution
- Expected to be set up by December 2027
- tile adhesive manufacturing capacity
- 9000.0 MT per month
Kajaria Ceramics Capacity Expansion: ₹340 Cr Investment
Kajaria Ceramics' board approved a 12.50 MSM per annum glazed vitrified tile capacity addition at ₹340 Crore. Completion is expected by June 2027, financed through internal accruals and debt.
- Value
- ₹340.0 Cr
- Execution
- Expected to be completed by June 2027
- glazed vitrified tile manufacturing capacity
- 12.5 MSM per annum
Kajaria Ceramics Capacity Expansion: ₹180 Cr Investment
Kajaria Ceramics' board approved an 11 MSM per annum tile capacity addition at an investment of ₹180 Crore. Completion is expected by April 2027, financed through internal accruals and debt.
- Value
- ₹180.0 Cr
- Execution
- Expected to be completed by April 2027
- tile manufacturing capacity
- 11.0 MSM per annum
Kajaria Ceramics Capacity Expansion
Kajaria Ceramics will add 11 MSM of tile capacity per annum, expected by April 2027. The investment is Rs 180 Crore, funded by internal accruals and debt.
- Execution
- Expected completion by April 2027
- tile manufacturing capacity
- 11.0 MSM per annum
Kajaria Ceramics Dividend
Kajaria Ceramics declared an interim dividend of Rs 12 per equity share for 2026-27. The record date is 29 October 2026, with payment by 22 November 2026.