Kajaria Ceramics gains 7%, hits record high on strong Q3 operating margin

The company said its operating margins have touched a new high of 21.68 per cent in the October-December quarter

Shares of Kajaria Ceramics hit a record high of Rs 839, up 7 per cent, on the BSE on Thursday after the company said operating margins have touched a new high of 21.68 per cent in the October-December quarter (Q3FY21).

The company said its sales volumes have improved by 11 per cent while sales have increased by 13 per cent over the corresponding quarter of the previous year.

The tile industry witnessed gradual demand pickup from the month of July onwards. Tile consumption has found its way into smaller cities and retail markets as the heat of pandemic was felt