Q2 2026 Kajaria Ceramics Ltd Earnings Call Transcript
Key Points
- Kajaria Ceramics Ltd (BOM:500233) reported a 58% increase in PAT for the quarter, reaching INR133 crores compared to INR84 crores in the same quarter last year.
- The company achieved an EBITDA margin improvement to 17.94%, a sequential increase of 122 basis points and a year-over-year increase of 447 basis points.
- The Bathware segment registered a 14% growth in revenue, reaching INR102 crores compared to INR90 crores in the previous year.
- Kajaria Ceramics Ltd (BOM:500233) has undertaken significant cost optimization measures, including reengineering packaging and reducing purchase prices, resulting in substantial savings.
- The company is focusing on strategic growth through a transformative operating journey, aiming to build a leaner and more agile organization.
- Consolidated revenues showed only a marginal growth of 1% year-over-year, primarily due to low growth in tile volume and the absence of supply sales.
- The Tiles segment revenue remained flat year-over-year at INR1,051 crores compared to INR1,054 crores in the previous year.
- The market remained soft during the last two quarters, resulting in minimal sales growth.
- There is uncertainty regarding the exact timeline for achieving better sales growth as the transformation process is gradual.
- The company faced challenges in achieving volume growth in the first half of the year, attributed to market softness and internal restructuring efforts.
Ladies and gentlemen, good day and welcome to Kajaria Ceramics quarter two financial year '26 earnings conference call hosted by Investec Capital Services (India) Private Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ritesh Shah, Joint Head of Research and Analyst Materials from Investec Capital Services. Thank you, and over to you, sir.
Thanks, [Amit]. Hi, everyone. Good evening, and thanks for joining. We have with us senior management of Kajaria Ceramics, including Mr. Ashok Kajaria, Chairman; Mr. Chetan Kajaria, Vice Chairman; Mr. Rishi Kajaria, Managing Director; Mr. Sanjeev Agarwal, Chief Financial Officer; and Mr. Praveen Gupta, DVP, Finance.
I would request Ashokji to start with the initial remarks, post which we'll have a Q&A session. Over to you, Ashokji. Thank you so much.
Thank you. Thank you, Ritesh. Good evening,
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