Cera Sanitaryware Limited — Investor Meet, 09-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Cera Sanitaryware reported Q3 FY26 revenue up 11.1% YoY to INR499 Cr, but PAT fell to INR24 Cr from INR46 Cr. EBITDA margin dipped to 10.2% (from 13.2%) due to higher trade discounts, elevated brass input costs, increased publicity, and new brand expenses (Senator, POLIPLUZ). Management clarified this margin dip as a "one-off," expecting a return to 13-14% in Q4 and 15-17% by H2 next fiscal. This is supported by recent price hikes (4% Sanitaryware, 11% Faucetware) and improving demand, with Faucetware sales up 18.2%. Focus remains on operational efficiency, product expansion, and targeted market growth. Cash reserves are strong at INR757 Cr.