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Kajaria Ceramics
SectorConsumer Discretionary
Kajaria Ceramics Limited is an Indian manufacturer of ceramic and vitrified tiles. The company operates in two segments: Tiles and Others. The Tiles segment produces and trades ceramic and vitrified wall and floor tiles, while the Others segment manufactures sanitary ware, faucets, and trades plywood and block board. Kajaria Ceramics has an annual production capacity of 81.55 million square meters across 8 plants in India. The company offers various product categories including glazed vitrified tiles, ceramic wall and floor tiles, polished vitrified tiles, and tile adhesives. Kajaria Ceramics has expanded its operations through acquisitions, joint ventures, and capacity expansions over the years. The company also exports its products to several countries and has introduced new product lines such as VITRONITE and large format tiles. In recent years, Kajaria Ceramics has focused on increasing production capacity, acquiring stakes in other tile manufacturers, and launching new product collections to strengthen its market position.
In the news
Kajaria Ceramics shares surge 5.3% on strong Q1 performance
Kajaria Ceramics sets ₹6 final dividend record date for Sept 21
Kajaria Ceramics boosts branded-tile competitiveness
Kotak Securities picks Kajaria Ceramics, Vedanta Aluminium
Kajaria Ceramics Q1 profit surges 56% to ₹169.46 crore
Kajaria Ceramics Surges on Goldman Sachs Buy Call; Strong Q4 Results
Prabhudas Lilladher sets Kajaria Ceramics target at ₹1147 amid margin pressures
Tile makers face 26% slide as Iran-Israel crisis hits Morbi
Prabhudas Lilladher upgrades Kajaria Ceramics to BUY
The Quarter story
The two most recent quarterly results, compared side-by-side.
Kajaria Ceramics delivers strong profit growth and margin expansion, backed by efficient working capital and a cash-rich balance sheet.
Consolidated EBITDA margin improves from 16.72% in Q1 FY26 to 19.60% in Q1 FY27.
Debtors increase from ₹544 Cr in Q1 FY26 to ₹667 Cr in Q1 FY27.
Consolidated profit after tax grows from ₹108.98 Cr in Q1 FY26 to ₹169.46 Cr in Q1 FY27.
Tile sales volume drops from 33.51 MSM in Q4 FY26 to 28.80 MSM in Q1 FY27.
Working capital days fall from 58 days in Q1 FY26 to 46 days in Q1 FY27.
Own manufacturing production volume falls from 15.22 MSM in Q1 FY26 to 15.07 MSM in Q1 FY27.
Net debt strengthens from -₹515 Cr in Q1 FY26 to -₹985 Cr in Q1 FY27.
Consolidated tax expense rises from ₹39.61 Cr in Q1 FY26 to ₹60.32 Cr in Q1 FY27.
Sanitary ware and faucets revenue rises from ₹91.47 Cr in Q1 FY26 to ₹121.50 Cr in Q1 FY27.
Tile outsourcing revenue falls from ₹329.42 Cr in Q4 FY26 to ₹289.40 Cr in Q1 FY27.
Company insights, generated from the most recent coverage.
Promoters taking no salary withdrawal for FY27 is a low-cost but credible alignment signal that supports the governance narrative around the stock.
The block was seller-led by Chetan Kajaria Family Private Trust (18 lakh shares), so part of today's strength is simply absorption of supply that had capped the stock.
Kerovit bathware at +33% YoY to ₹122 Cr and adhesives nearly doubling to ₹45 Cr from ₹25 Cr turns Kajaria into a broader bathroom-solutions play, reducing dependence on commodity tile cycles.