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Kajaria Ceramics Ltd.

BSE: 500233 Sector: Consumer
NSE: KAJARIACER ISIN Code: INE217B01036
BSE LIVE 15:40 | 16 Aug 620.05 -1.50
(-0.24%)
OPEN

620.00

HIGH

629.00

LOW

610.70

NSE 15:56 | 16 Aug 622.10 -1.70
(-0.27%)
OPEN

621.00

HIGH

629.00

LOW

611.25

OPEN 620.00
PREVIOUS CLOSE 621.55
VOLUME 12198
52-Week high 787.55
52-Week low 437.30
P/E 38.02
Mkt Cap.(Rs cr) 9,853
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 620.00
CLOSE 621.55
VOLUME 12198
52-Week high 787.55
52-Week low 437.30
P/E 38.02
Mkt Cap.(Rs cr) 9,853
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Kajaria Ceramics Ltd. (KAJARIACER) - Chairman Speech

Company chairman speech

Dear friends

By convention we are expected to state our numerical growth at the outset. Instead wedecided to explain where our optimism is coming from.

There is one word for it. India.

A country. A market. A theme. It would have been one thing to bet big on India when itwas small and the country's needs were significantly large. It is quite another to be thelargest and fastest growing yet continuing to bet primarily on India.

Betting on India

Why then are we betting bigger on India when we have grown eight-fold in the last tenyears alreadyRs. Why are we betting bigger on India when the country is already theworld's seventh largest economyRs.

For important reasons.

One India has announced path-breaking investment programmes namely the Housing forAll Swachh Bharat Abhiyaan Smart City Atal Mission for Rejuvenation and UrbanTransformation and Pradhan Mantri Awas Yojana that promise growth opportunities over thelongterm.

Two India is one of the few countries with a third- quartile median age of 27years which represents a younger ambitious and forward-looking population. As theinternet penetration deepens we expect to see consumption increase.

The proportion of people employed in the country's workforce will continue to rise. By2030 India is expected to constitute 28% of the world's workforce with theworker-to-dependent ratio expected to be 2.1 (1.4 in 1990). Besides steady urbanisationwill graduate labour markets from low- paying agricultural jobs to better-payingmanufacturing and service engagements.

Three we have seen that consumption patterns begin to evolve a little ahead ofincome growth when the earners are optimistic of better times. Consumption growth morethan doubled from 4% (1990-2002) to 11% (2003-2014); non-food consumption increased from53% of overall consumption in 1990 to 69% in 2014 (Source: Euromonitor).

Four tiles more importantly the premium variants have become increasinglyaffordable. The doublecharged vitrified tile that was available for around '140 per sq.ft. in 2008-2009 is now available for around '50-60 per sq. ft. The price of glazedvitrified tiles declined from about '150-400 per sq. ft. to about '60-150 per sq. ft. Thishas been corresponded by a sharp increase in manufacturing capacities in India: polishedvitrified tile capacity increased multifold in just eight years. The result is a completeproduct democratisation across India - enough for all.