Cera Sanitaryware Limited — Investor Meet, 16-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Cera Sanitaryware reported Q4 revenue of Rs. 578 Cr, up 5.7% YoY, with EBITDA at Rs. 121 Cr and margin rising to 20.4% thanks to operational efficiency. Faucetware grew 9.6%, while Sanitaryware declined 1.6%. PAT rose 14.1% to Rs. 86 Cr. Management is focused on premiumization with 17 Senator stores now, targeting 40-45 new openings next year, supported by design innovation and digital marketing. Retail demand is soft, especially in sanitaryware, but project sales are strong. CAPEX is Rs. 24 Cr, mainly for brand and retail initiatives; capacity expansion is deferred. Exports remain small (~3.5%) but selective growth areas. Working capital rose due to credit changes but expected to normalize. Confident on long-term growth driven by premium segment and market share gains.