Kajaria Ceramics, India’s largest tile manufacturer, reported a 25 per cent decline in consolidated net profit to ₹77.74 crore for the quarter ended December 31, 2024, compared to ₹104.19 crore in the same period last year. The company’s EBITDA margin contracted to 12.78 per cent from 15.52 per cent year-over-year, primarily due to lower realizations and losses in its bathware division.
The shares of Kajaria Ceramics Limited were trading at ₹960.65 down by ₹22.80 or 2.32 per cent on the NSE today at 3.05 pm.
Despite challenging market conditions, including soft domestic demand and weak tile exports, the company’s consolidated revenue grew marginally by 1 per cent to ₹1,163.71 crore. Tile volumes increased by 7 per cent year-over-year to 28.90 million square meters during the quarter.
The bathware division’s performance was particularly affected by its new sanitaryware unit in Morbi, which commenced operations this year. The company’s working capital days stood at 59 days as of December 2024.
Kajaria Ceramics, ranked as the eighth-largest tile manufacturer globally, maintains a total manufacturing capacity of 93.10 million square meters across nine plants in India and Nepal. The company has also announced plans to invest ₹30 crore in Kajaria Ultima Private Limited for land acquisition in Morbi and ₹15 crore to set up a tile adhesives manufacturing facility in Gailpur, Rajasthan, expected to be operational by April 2025.
