| Management target | Revenue 10.0% FY27 |
|---|
| Revenue growth | 24% YoY growth to ₹1,468 Cr, driven by healthy volumes. |
|---|---|
| Margins | EBITDA margin improved to 19.5% from 17.9% YoY. |
| Demand visibility | Strong domestic demand; exports subdued due to high freight rates. |
| Management confidence | Balanced and confident in domestic demand and market share gains. |
Growth
Revenue grew 24% YoY to ₹1,468 Cr; volumes up 10% through market share gains.
Outlook
Targeting double-digit volume growth in H2 FY27; ₹400 Cr adhesive revenue by FY28.
Risks
Morbi export volatility, elevated propane/gas prices, and execution risks on large brownfield expansions.
Last quarter's promises, checked
Delivered
- Guided double-digit vol next 9m → +10% (= BEAT)
- Guided 18-19% FY27 margin → 19.5% qtr (= BEAT)
Partly delivered
- Guided Gailpur 11 MSM by Apr-27 → North/South by Jun-27 (= PARTIAL)
- Guided Srikalahasti 10 MSM → now 12.5 MSM, unbuilt (= PARTIAL)
Missed
- Guided ~20% FY27 value growth → now +10% FY27 guide (= MISS)
- Guided Bathware 35-40% value growth → +22% (= MISS)
Earnings Call Transcript filed with NSE, NSE: KAJARIACER. Summary written with AI assistance from the document.
Kajaria Ceramics Ltd: key numbers
- Share price
- ₹1,115.70
- Market cap
- ₹17,772 Cr
- Revenue (annual)
- ₹4,830 Cr
- Net profit (annual)
- ₹485.4 Cr
- P/E (TTM)
- 29.5×Sector 42.1×
- 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 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.
Kajaria Ceramics Investor Presentation: Key Takeaways
Q2 FY27 consolidated revenue ₹1,468 Cr (+24% YoY), EBITDA ₹286.5 Cr (19.5% margin), PAT ₹189.5 Cr (+43%). Capacity expansions on track.