Q3 2026 Kajaria Ceramics Ltd Earnings Call Transcript
Key Points
- Kajaria Ceramics Ltd (BOM:500233) reported a significant improvement in EBITDA margin, increasing by 442 basis points to 17.2% compared to the previous year.
- The company successfully converted a production unit to focus on value-added products, aligning with market demand.
- Revenue from the adhesive segment grew significantly to INR 335 crores in Q3 2026, compared to INR 20 crores in the same quarter of the previous year.
- Profit before tax increased by 49% to INR 165 crores in Q3 2026, indicating strong financial performance.
- The company is optimistic about future growth, with January showing encouraging signs and expectations of double-digit volume growth in tiles and sanitary ware.
- Consolidated revenue remained flat at INR 1,168 crores due to no growth in tile volumes and absence of a supplier in a specific division.
- The company experienced a drop in EBITDA margin by 74 basis points sequentially due to discounts offered to reduce stock-keeping units (SKUs).
- Working capital days increased by 8 days, primarily due to an increase in receivables and current liabilities.
- The company faced challenges with dealer churn and destocking, impacting volume growth in the short term.
- There was a decline in tile realization prices, with a 9% drop in own manufacturing product realization, affecting overall sales performance.
Ladies and gentlemen, good day and welcome to Kajaria Ceramics Q3 F 526 owning conference call.
Hosted by JM Financial Institutional Securities Limited.
As a reminder, all participant line will be mode, and there will be an opportunity for you to ask questions after the presentation concludes.
Should he need assistance during the conference call
Signal an operator by pressing star, then 0 on your touchstone fo.
Please note that the conference is being recorded.
I know hento conference over to Mr. Dharmeesha from JM Financial Institutes Limited.
Thank you and over to you, sir.
Thanks, Dennis
Hi everyone
Good evening and thanks for joining.
We have with us senior Mania Ceramics, including Mr.
Ashokajaa, Chairman.
Mr.
Chitan Khajaya, Vice Chairman, Mr.
Reika, managing director
Mr.
Sanjeev Agarwal, CFO.
Karthikajaa hadness and Parveen Gupta.
Vice President Finance.
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