IDBI Capital: Cera Sanitaryware - Strong Volume Supported Q2 Sales Growth
Bathroom in a private suite of Pallazzo Fendi in Rome, Italy (Photographer: Alessa Pierdomenico/Bloomberg)

IDBI Capital: Cera Sanitaryware - Strong Volume Supported Q2 Sales Growth

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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.

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.

Click on the attachment to read the full report:

IDBI Capital Cera Sanitaryware Q2FY21 Result Update.pdf

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