Kajaria Ceramics

Elara Capital analyst Amit Purohit said some players in the sector could still deliver double-digit volume growth despite broader demand headwinds.

Kajaria Ceramics has terminated the concerned executive, filed a police complaint, initiated recovery efforts, and indicated it may commission a forensic review

MOFSL has initiated coverage on Century Plyboards with a 'Buy' rating and Cera Sanitaryware with a 'Neutral' stance

Emkay remains upbeat on Kajaria Ceramics, reiterating its Buy call, while Nuvama Institutional Equities takes a more measured stance, maintaining a Hold rating on the shares

Kajaria Ceramics' net profit advanced 58 per cent to ₹133 crore in Q2FY26 from ₹84 crore reported in the corresponding quarter of the previous fiscal year

Stocks to buy today: ICICI BANK has experienced a significant correction, dropping below its short-term EMA and entering oversold territory

The ceramics manufacturer reported a healthy rise of 21 per cent in profit after tax (PAT) to ₹108.98 crore during the quarter under review, as against ₹89.82 crore reported in Q1FY25

Nifty key levels: Positional trend remains bullish with support seen in the band of 24,900-25,000. The 25,200 level could offer resistance

Kajaria Ceramics, a leading manufacturer of ceramic and vitrified tiles, said it has exited its loss-making plywood business. The board of the company on Tuesday "approved to discontinue the operations of Kajaria Plywood, wholly owned subsidiary due to lack of strategic fit & continued losses", Kajaria Ceramics informed the bourses. The company has fully impaired its investment and loan to Kajaria Plywood, amounting to Rs 112.38 crore, and expects to close the plywood business by June 30, 2025. Kajaria Ceramics, on Tuesday, declared its results for the March quarter, in which its consolidated profit declined 58.6 per cent to Rs 43.18 crore, due to settlement with JV partners and vendors of the plywood business. It was at Rs 104.27 crore in the January-March period a year ago. "Profit after tax for Q4FY25 was Rs 43 crore as compared to Rs 102 crore in Q4FY24, mainly due to additional provision in plywood division for settlement with JV partners and vendors," said its Chairman Ashok

Shares of Somany Ceramics, Kajaria Ceramics and Cera Sanitaryware have underperformed the market by falling over 20 per cent thus far in 2025, as against a 3.6 per cent decline in BSE Sensex.

The company's consolidated net profit dropped more than 25 per cent to Rs 77.74 crore (nearly $9 million) in the quarter, falling short of analysts' average estimate of Rs 106 crore

Tiles demand has been sluggish in the world's most populous country, with strong construction activity in western, eastern, and central India countering weakness in northern and southern parts

The company said its consolidated net profit fell to Rs 89.82 crore ($10.7 million) in the quarter ended June 30 from Rs 108 crore a year ago

Kajaria Ceramics, India's top tile-maker by market value, is the first among its peers to report results for the January-March quarter

A coalition of US ceramic tile suppliers has urged the federal government to impose tariffs on ceramic tile imports from India as it is impacting domestic industry due to subsidised imports by the Indian government. The Department of Commerce has instituted an investigation into this matter. Import of ceramics and tiles from India has increased significantly over the past few years, an association of the US ceramic and tiles industry has claimed alleging that these are impacting their domestic industry as the imports are subsidised by the Indian government. In a petition filed before the US International Trade Commission of the Department of Commerce, the Coalition for Fair Trade in Ceramic Tile (TCNA), which claims to represent more than 90 per cent of US tile production, seeks the imposition of tariffs estimated between 408 per cent to 828 per cent, alleging that there is ongoing massive and widespread dumping from India. American tile manufacturers have always welcomed fair ...

By comparison, categories like wood panel and tile-bathware could report mid to high single-digit growth rates

Even as the March quarter and FY24 volumes are likely to be on the lower side, management and brokerage commentary suggest that recovery could be strong in FY25

Separately, Kajaria approved investments of up to Rs 50 crore and Rs 30 crore in Keronite Tiles and Kajaria Ultima to make them a subsidiary and wholly-owned subsidiary, respectively

The company had in May projected revenue growth of 14-16% for this fiscal year

While strong exports are expected to help stabilise domestic market prices, the surge in gas prices over the past couple of months may have impacted margins in the second half of FY24