Cera Sanitaryware Limited — Investor Meet, 17-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Cera Sanitaryware reported Q2 FY26 revenue of ₹488 Cr (flat YoY) and EBITDA of ₹67 Cr (13.8% margin), impacted by input costs. Project sales contributed 39% of revenue, offsetting soft retail demand. New brands Senator & Polipluz are gaining momentum, projected to add ₹40-45 Cr in H2 FY26. Management anticipates 10-12% H2 growth, targeting 7-8% for the full year with 14.5-15% margins, banking on macro tailwinds. Strategic initiatives like a new Dealer Management System and focused brand segmentation underpin future growth. The company maintains a cautiously optimistic outlook on market recovery.