Kajaria Ceramics, India’s largest tile producer, reported a 25 per cent decline in consolidated internet revenue to ₹77.74 crore for the quarter ended December 31, 2024, in comparison with ₹104.19 crore in the identical interval final 12 months. The corporate’s EBITDA margin contracted to 12.78 per cent from 15.52 per cent year-over-year, primarily attributable to decrease realizations and losses in its bathware division.
The shares of Kajaria Ceramics Restricted have been buying and selling at ₹960.65 down by ₹22.80 or 2.32 per cent on the NSE in the present day at 3.05 pm.
Regardless of difficult market circumstances, together with smooth home demand and weak tile exports, the corporate’s consolidated income grew marginally by 1 per cent to ₹1,163.71 crore. Tile volumes elevated by 7 per cent year-over-year to twenty-eight.90 million sq. meters in the course of the quarter.
The bathware division’s efficiency was notably affected by its new sanitaryware unit in Morbi, which commenced operations this 12 months. The corporate’s working capital days stood at 59 days as of December 2024.
Kajaria Ceramics, ranked because the eighth-largest tile producer globally, maintains a complete manufacturing capability of 93.10 million sq. meters throughout 9 crops in India and Nepal. The corporate has additionally introduced plans to take a position ₹30 crore in Kajaria Ultima Non-public Restricted for land acquisition in Morbi and ₹15 crore to arrange a tile adhesives manufacturing facility in Gailpur, Rajasthan, anticipated to be operational by April 2025.
