Kajaria Ceramics Limited — Investor Meet, 02-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Kajaria Ceramics reported flat Q3 FY26 revenue at INR 1,168 Cr, with EBITDA margin at 17.2% (+442 bps YoY) despite some realization dip from SKU liquidation. PAT grew 13% to INR 88 Cr. Management expects Q4 onwards positive growth, targeting 17-18% margins, investing benefits in market share. "Kajaria 2.0" initiatives like dealer unification (70-75% done), SKU reduction, and value-added product focus (e.g., converting ceramic unit to GVT) are underway. Bathware aims for double-digit volume growth with recent price hikes. No major capex planned; converting some JVs to wholly-owned. Outlook remains confident on market share gains & system strength.