Kajaria Ceramics Q4 Review - Robust Volume Growth Held Up The Show: IDBI Capital

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.Kajaria Ceramics Ltd.’s Q4 FY21 result was in-line with our estimates on key parameters.Strong demand recovery boosted sales volume and resulted in highest ever net sales for the company.Further, Ebitda margins improved with higher plant efficiency, better performance from subsidiaries and higher capacity utilisation.Net sales increased by 46.1% YoY to Rs 9,525 million, while Ebitda came in at Rs 1,909 million, up by 104.5% YoY.The company reported net profit of Rs 1,312 million, a robust growth of 166.5% over Q4 FY20.After a strong demand recovery in H2 FY21, second wave of Covid-19 has played a spoil sport and demand took a hit amid statewide lockdowns..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Kajaria Ceramics Q4 Review - Robust Volume Growth Held Up The Show: IDBI Capital

Kajaria Ceramics Q4 Review - Robust Volume Growth Held Up The Show: IDBI Capital

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