BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Kajaria Ceramics Ltd.’s Q2 FY21 performance was resilient with sales volumes up 0.3% YoY at 19.8 million square meter as blended utilisations went back to 90% coupled with a strong rebound in demand tier II, III cities.
The topline was down 0.3% YoY at Rs 712.5 crore, albeit realisations were down 2.4% YoY, as a result of product mix.
The company reported Ebitda of Rs 143.7 crore with margins at 20.2%, up 544 basis points YoY driven by lower power costs (down 12.4% YoY) on account of subdued gas prices and continued reduction in some overheads.
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