Cera posts 21% growth in Q1 net profit

The growth was around 39.86% over Rs 90.51 cr in Q1 of FY 2012-13

Continuing its growth streak, Ahmedabad-based Cera Sanitaryware Limited saw its net profit grow by nearly 21 per cent, at Rs 11.18 crore for the first quarter ended June 30, 2013 of fiscal 2013-14. As against this, the company earned a net profit of Rs 9.24 crore for the said period last fiscal 2012-13.

Releasing the unaudited results for April-June of current fiscal the company said it has achieved an operating profit of Rs 21.30 crore compared to Rs 17.21 crore for the same period during 2012-13.

A sanitaryware, faucetware and tiles player, Cera Sanitaryware Limited registered a whopping growth of close to 40 per cent in its net sales income of Rs 126.59 crore for Q1 2013-14.

The growth was around 39.86 per cent over Rs 90.51 crore in Q1 of FY 2012-13

The company stated that the Q1 results reflect Cera's continuance of its high growth rate in excess of 35 per cent, which is a sequel to managements commitment to aggressive business strategies.

"The growth also reflects Cera's focused endeavors to retain its status as complete bathroom solutions provider to its customer base across India. The strategic planning in terms of product optimization and leveraging on Ceras strong brand image with well supported penetrating distribution network continues to drive companys high growth and carving out new standards for itself," the company stated in an official communique.