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Kajaria Ceramics Q2 Review - Gas Price Rise A Near Term Risk: ICICI Direct

Kajaria Ceramics Q2 Review - Gas Price Rise A Near Term Risk: ICICI Direct



Tile samples hang on display inside a showroom. (Photographer: David Paul Morris/Bloomberg)
Tile samples hang on display inside a showroom. (Photographer: David Paul Morris/Bloomberg)

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ICICI Direct Report

Kajaria Ceramics Ltd. witnessed a sharp turnaround in its performance during Q2 FY22 and gained significant traction in volumes post the second Covid-19 wave with gradual unlocking of economies.

With a pick-up in activities led by favorable monetary conditions, improved customer sentiments and higher spends on infrastructure by various governments, the management expects continued demand traction across its project portfolio during H2 FY22.

Kajaria Ceramics operated at ~100% utilisation during Q2 FY22 (versus ~75% during Q1 FY22) with pick-up in sales.

Going forward, the management expects utilisation to remain at an elevated level with robust tiles and sanitaryware demand due to pick-up in construction activities.

Click on the attachment to read the full report:

ICICI Direct Kajaria Ceramics Q2FY22 Result Update.pdf

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