IDBI Capital: Cera Sanitaryware - Strong Volume Supported Q2 Sales Growth
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IDBI Capital Report
Cera Sanitaryware Ltd. reported strong quarterly results, supported by higher volume and lower raw material prices.
After a subdued Q1 FY21, the company’s performance has improved significantly on both sales as well as margins front compared to last quarter.
Net sales declined by 1% YoY to Rs 3,241 million, while Ebitda came in at Rs 411 million, down by 1.3% YoY.
The company reported net profit of Rs 233 million, lower by 22.5% YoY.
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