ICICI Securities: Ceramic Tiles Industry’s Market Share Gains Sustain For Top Branded Players
A visitor looks at samples of interior wall tiles. (Photographer: Kiyoshi Ota/Bloomberg)

ICICI Securities: Ceramic Tiles Industry’s Market Share Gains Sustain For Top Branded Players

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 Securities Report

Our recent checks suggest that the top branded ceramic tile players have sustained their impressive recovery (witnessed post-July 2020) into Q3-to-date as well.

This is largely attributable to market share gains for top branded players with Morbi firms intensifying their focus on exports. Pricing too has remained stable across ceramic, polished vitrified tiles and glazed vitrified tiles categories.

With Morbi exports likely to sustain their growth momentum in the near to medium term, we expect branded players to continue to gain market share.

Click on the attachment to read the full report:

ICICI Securities Ceramic Tiles Update .pdf

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