Cera aimsto increase turnover to Rs 1,400 Cr in FY19

: Cera Sanitaryware Ltd is targeting a turnover of Rs 1,400 crore to Rs 1,500 crore in the current fiscal and will also start production from its new polymer plant this financial year, its Chairman and Managing Director, Vikram Somany said today.

"Our turnover was Rs 1,180 crore in 2017-18 financial year. We are expecting a turnover of around Rs 1,400 crore to Rs 1,500 crore in 2018-19 fiscal," Somany, told reporters here after launching the company's display showroom "CERA Style Studio."
On the new polymer plant, Somany said "we have started construction of our polymer plant which will be making plastic toilet seat covers, flush systems, cisterns and allied products made of plastics. We are setting up the factory in Mehsana in Gujarat with an investment of around Rs 25 crore."
On expansions, Somany said Cera Sanitaryware Ltd is looking for a few more joint venture partners (JVs) for manufacture of tiles and setting up more galleries (exclusive showrooms), adding "we are thinking for another JV for tiles. It will be operationalised in the next fiscal."