Cera Sanitaryware Ltd (NSE:CERA)
₹ 5,872 -53.5 (-0.9%) Market Cap: 76.04 Bil Enterprise Value: 68.07 Bil PE Ratio: 37.47 PB Ratio: 5.16 GF Score: 94/100

Q3 2025 Cera Sanitaryware Ltd Earnings Call Transcript

Feb 12, 2025 / 05:00AM GMT
Release Date Price: ₹6332.85 (-2.60%)

Key Points

Positve
  • Cera Sanitaryware Ltd (BOM:532443) achieved a 2.9% year-on-year revenue growth in Q3 FY25, increasing from INR437 crore to INR449 crore.
  • The company successfully developed 158 new SKUs in the Senator brand and launched 104 new SKUs under the Cera brand, showcasing strong product development efforts.
  • Faucetware manufacturing capacity utilization improved to 91%, indicating efficient use of resources and potential for future growth.
  • The company is expanding its exclusive store network, aiming to establish 20 to 25 exclusive Senator stores by the end of FY25 and 75 stores by FY26.
  • Cera Sanitaryware Ltd (BOM:532443) maintains a strong cash position with cash and cash equivalents standing at INR662 crore as of December 31, 2024.
Negative
  • EBITDA for Q3 FY25 reflected a 5.2% year-on-year degrowth, indicating challenges in maintaining profitability.
  • The B2C segment remains sluggish, with retail demand subdued, impacting overall sales growth.
  • Profit after tax decreased by 9.9% in Q3 FY25 compared to the same period last year, highlighting financial pressure.
  • Working capital days increased from 60 to 76 days, indicating inefficiencies in inventory and receivables management.
  • The company anticipates closing the fiscal year with lower single-digit growth, reflecting ongoing market challenges.
Operator

Ladies and gentlemen, good day, and welcome to the Q3 FY25 earnings conference call of Cera Sanitaryware Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Devrishi Singh of CDR India. Thank you, and over to you, Mr. Singh.

Devrishi Singh
CDR India - IR

Thank you. Good morning, everyone, and thank you for joining us on Cera Sanitaryware Limited's earnings conference call for the third quarter and nine months of the financial year 2025. The earnings of this period were announced yesterday.

We have with us today the management team comprising Mr. Vikas Kothari, CFO; and Mr. Deepak Chaudhary, VP, Finance and Investor Relations. We will start with brief opening remarks from the management, following which we will open the call for Q&A.

A quick disclaimer before we begin, some of the statements made in today's conference call may be forward-looking in nature, and a detailed note in this regard is contained in the results documents that have been shared with all of you

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