Kajaria Ceramics - Stupendous Q3 Performance; Strong Guidance: ICICI Direct
An employee packages tile pieces for shipment in a production facility. (Photographer David Paul Morris/Bloomberg)

Kajaria Ceramics - Stupendous Q3 Performance; Strong Guidance: ICICI Direct

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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.

ICICI Direct Report

Kajaria Ceramics Ltd. performance was strong across topline and bottomline. The sales volumes were up 10.5% YoY at 22.6 MSM, as utilisation got back to full levels coupled with strong outsourced sales driven by robust rebound in demand.

The topline was up 13.1% YoY at Rs 838.4 crore with stable realisations (up 0.3% YoY).

Tiles revenues were up 10.9% YoY at Rs 758.2 crore. Faucet and Sanitaryware revenues were up 36% YoY at Rs 67.4 crore.

Plywood revenues were up 57.6% YoY at Rs 12.8 crore, on a low base.

Click on the attachment to read the full report:

ICICI Direct Kajaria Ceramics Q3FY21 Result Update.pdf

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