Kajaria Ceramics Limited — Updates, 04-02-2025: Press Release

Kajaria Ceramics reported a 7% increase in tile volumes for Q3 FY25, reaching 28.90 MSM, despite ongoing softness in domestic demand and border markets. However, EBITDA margins dropped to 12.78% due to lower realizations and losses in the bathware division linked to the new sanitaryware unit in Morbi. Total consolidated revenue grew marginally to ₹1,163.71 Cr, while net profit after tax was ₹77.74 Cr, reflecting a 16% decline YoY. The demand outlook for the tile industry remains positive, positioning the company for potential recovery.

In strategic initiatives, Kajaria is investing up to ₹30 Cr in Kajaria Ultima Pvt. Ltd. for a new tile manufacturing plant in Morbi and ₹15 Cr for a tile adhesive facility in Rajasthan slated to begin operations in April 2025. The company maintains a strong market position and is poised to leverage upcoming growth opportunities amid industry stabilization. Watch closely for further developments in this improving landscape.