Q2 2025 Kajaria Ceramics Ltd Earnings Call Transcript
Key Points
- Kajaria Ceramics Ltd (BOM:500233) reported an 8.5% year-on-year growth in tile volumes for Q2 FY25, outperforming the industry average of 2-3%.
- The company's consolidated revenue increased by 5% compared to the same period last year, reaching INR1.79 crore.
- The Adhesives segment showed significant growth, with revenue increasing by 40% to INR18 crore in Q2 FY25.
- The company expects the demand outlook to improve in the second half of the fiscal year, with better performance anticipated compared to the first half.
- Kajaria Ceramics Ltd (BOM:500233) has a strong dealer network with 1,850 dealers across India, providing a positive feedback loop for future demand.
- EBITDA margins were soft at 13.5% for the quarter, impacted by losses in the Bathware division and additional overheads from the Keronite unit.
- The plywood segment experienced a significant decline, with revenue decreasing by 26% in Q2 FY25 compared to the previous year.
- India's tile exports fell by 15% in the first five months of the current year, largely due to increased ocean freight rates and container shortages.
- The company's PAT for the quarter decreased by 22% to INR84 crore compared to INR108 crore in the same period last year.
- Working capital days remained flat at 59 days, with efforts to reduce it to 50 days by the end of March, indicating potential inefficiencies in inventory and receivables management.
Ladies and gentlemen, good day, and welcome to the Kajaria Ceramics Q2 FY25 Earnings Call, hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Aasim Bharde from DAM Capital. Thank you, and over to you, sir.
Thank you, Sidanth, and good evening, everyone. Thanks for connecting to Kajaria Ceramics Q2 '25 results call. From the company side, we have the senior leadership team of the company who will take us through the Q2 performance, after which we'll open the call for questions. Thank you. And I'll hand the floor to Mr. Ashok Kajaria for his opening comments.
Thank you, Aasim. Good evening, everyone. It gives me great pleasure to welcome you to the quarter two F'25 Earnings Conference Call of Kajaria Ceramics Limited. Joining me on this conference call are(technical difficulty)
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