Kajaria Ceramics - Stupendous Q3 Performance; Strong Guidance: ICICI Direct

Kajaria Ceramics - Stupendous Q3 Performance; Strong Guidance: ICICI Direct

An employee packages tile pieces for shipment in a production facility. (Photographer David Paul Morris/Bloomberg)

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ICICI Direct Report

Kajaria Ceramics Ltd. performance was strong across topline and bottomline. The sales volumes were up 10.5% YoY at 22.6 MSM, as utilisation got back to full levels coupled with strong outsourced sales driven by robust rebound in demand.

The topline was up 13.1% YoY at Rs 838.4 crore with stable realisations (up 0.3% YoY).

Tiles revenues were up 10.9% YoY at Rs 758.2 crore. Faucet and Sanitaryware revenues were up 36% YoY at Rs 67.4 crore.

Plywood revenues were up 57.6% YoY at Rs 12.8 crore, on a low base.

Click on the attachment to read the full report:

ICICI Direct Kajaria Ceramics Q3FY21 Result Update.pdf
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