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Cera Sanitaryware Ltd.

BSE: 532443 Sector: Consumer
NSE: CERA ISIN Code: INE739E01017
BSE LIVE 15:40 | 09 Dec 2149.15 -85.35
(-3.82%)
OPEN

2220.00

HIGH

2253.75

LOW

2128.00

NSE LIVE 15:42 | 09 Dec 2141.25 -86.25
(-3.87%)
OPEN

2210.05

HIGH

2247.00

LOW

2122.50

OPEN 2220.00
PREVIOUS CLOSE 2234.50
VOLUME 523
52-Week high 2759.00
52-Week low 1475.00
P/E 28.98
Mkt Cap.(Rs cr) 2793.90
Buy Price 0.00
Buy Qty 0.00
Sell Price 2130.00
Sell Qty 3.00
OPEN 2220.00
CLOSE 2234.50
VOLUME 523
52-Week high 2759.00
52-Week low 1475.00
P/E 28.98
Mkt Cap.(Rs cr) 2793.90
Buy Price 0.00
Buy Qty 0.00
Sell Price 2130.00
Sell Qty 3.00

Cera Sanitaryware Ltd. (CERA) - Chairman Speech

Company chairman speech

CERA SANITARYWARE LIMITED ANNUAL REPORT 2010-2011 CHAIRMAN'S REPORT Dear Shareholders, It is my pleasure to present annual report of your Company for the year 2010-11. The year 2010-11 was one in which both the world and Indian economy remained vibrant. The Company had shown a top line growth of 27% achieving a turnover of Rs. 243 crores against Rs. 191 crores in the previous year. Operating profit has shown growth of 32% achieving Rs. 51 crores against Rs. 39 crores in previous year and the bottom line has increased by 35% achieving a net profit of Rs.27 crores against Rs.20 crores in previous year. The EPS has also touched Rs.21.02 per share against Rs. 15.75 per share in previous year (The EPS was Rs. 31.50 per share without considering bonus shares issued in the ratio of 1:1 in September 2010). I have pleasure to inform that CERA's Snow White has been voted as 'Product of the Year' in the sanitaryware category for 2011 through the Indian arm of a 25-year old 'POY' international organisation having presence in 28 countries headquartered at France, in a consumer survey conducted by Nielsen, the market research firm. The company over the years emerged as premium bathroom solutions provider. Snow White is a specially developed product of CERA manufactured with unique raw materials. The survey's finding is a validation by consumers that Snow White enjoys a distinct edge over other. The company is making continuous efforts in the field of R & D to stay ahead of competition utilizing innovative technology to get superior quality products and cost effectiveness into production. Continuing the expansion programme undertaken by the Company, your Company has created an ultramodern unit by setting up a Greenfield project of Faucetsware at Kadi. This plant is equipped to manufacture a wide range of faucets like single lever, quarter turn and half-tum. The commercial production of Faucets has already been started in the year under this report and we are getting very good response from the market about the quality of Faucets. On successful capacity utilization of 2500 pieces/day of Faucetsware, the Company will expand the capacity to 5000 pieces/day which an further be extended to 7500 pcs/day Incoming years. In this year the Company has also undertaken expansion of the Sanitaryware production capacity to 2.7 million pieces per annum from the existing of 2.00 million pieces annually with an additional capital outlay of Rs. 60 crores funded through internal accruals/debts, which will be completed within 24 to 30 months. Your Company has set the sales target of Rs.500 crores to be achieved in the next three years. Looking to the current year performances, we are confident to achieve the targets. Your company is introducing more and more designs and sprucing up its retail strength by opening more Cera Style Centres, Bath Studios, apart from continuing its brand building through media and other available sources. The road ahead for financial year 2011-12 is full of obstacles due to surging inflation in raw materials, inputs and fuel prices which Is putting pressure on margins. Market condition world over are plagued with uncertainties due to the debt crisis in the European countries and consequent global repercussions on demand etc. These factors will bring pressure on all aspects of business but by foresight and strategic decisions, I am hopeful that this year also we will achieve the results comparable to earlier years. We have designated present financial year as 'COST AWARENESS YEAR all concerned have to take stringent controls of costs. Success of any business Is only possible due to active participation by its employees and others who put their efforts to increase their excellence and it benefits the Company. Employees are greatest assets of your Company and due to their hard efforts and being dedicated and committed to goals, the Company is at this mark. I sincerely thank all the stakeholders including shareholders, business partners, customers and my employees for their continuous support and faith reposed in your company. United we can always make wonders. Let us hope for the best VIKRAM SOMANY CHAIRMAN AND MANAGING DIRECTOR

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