Cera Sanitaryware Limited — PPTs, 20-03-2025: Investor Presentation

**Financial Overview:** Cera Sanitaryware reported a revenue of ₹1,871 crore for FY24, alongside a PAT of ₹183.89 crore, reflecting a growth trajectory of 14% in PAT compared to FY23. The EBITDA stood at ₹1,871 crore, with consistent margins around 17–18%. As of December 2024, the company holds ₹662 crore in cash and cash equivalents, demonstrating its strong liquidity position with zero debt. The net profit margin for Q3 FY25 is reported at 15.4%, albeit with a quarterly decline of 19.3%. The cash generation remains robust, ensuring operational continuity without any contingent liabilities.

**Strategic Initiatives and Growth Drivers:** Cera continues to enhance its product portfolio, emphasizing innovation through technology integration, including 3D printing for design efficiency. The company's focus on a widespread marketing infrastructure, with 13 Cera Style Studios and increasing dealer networks, aims to penetrate deeper into B and C-category towns, enhancing product visibility and customer engagement.

**Market Position and Competitive Advantage:** With a 54.4% promoter shareholding, Cera maintains solid governance and stakeholder alignment. The company's strong branding, underpinned by a legacy of quality and reliability, positions it favorably against competitors in the Indian sanitaryware market.

**Investor Implications:** The company's zero debt and positive cash flow highlight robust financial discipline, presenting a promising opportunity for investors. However, the recent dip in quarterly financials warrants close monitoring of upcoming quarters to gauge sustained growth momentum.