Kajaria Ceramics Ltd (NSE:KAJARIACER)

Q4 2026 Kajaria Ceramics Ltd Earnings Call Transcript

Apr 30, 2026 / 11:30AM GMT

Release Date Price: ₹1187.65 (-3.30%)

Transcript

Key Points

Positve

Kajaria Ceramics Ltd (BOM:500233) achieved a volume growth of 11% in Q4 FY26, indicating strong demand and effective sales strategies.
Consolidated revenue increased by 12% to INR1,373 crores compared to the same quarter last year, showcasing robust financial performance.
EBITDA margin improved to 19.19% in Q4 FY26, driven by cost optimization and improved sales realization.
The company's working capital cycle improved by 14 days to 51 days, reflecting better inventory and receivables management.
Kajaria Ceramics Ltd (BOM:500233) has strengthened its leadership team with new senior hires, enhancing its operational capabilities and strategic direction.

Negative

Production fell by 7% during the quarter due to the shutdown of Morbi plants, impacting overall output.
Gas prices have increased significantly, leading to a 12% to 17% price hike in different regions, which could affect cost structures.
The company faces challenges in outsourcing due to the shutdown of many Morbi plants, potentially impacting supply chain stability.
There is uncertainty regarding the full resumption of production in Morbi, which could affect future outsourcing volumes.
Kajaria Ceramics Ltd (BOM:500233) has decided not to provide specific volume growth guidance due to external uncertainties, which may concern investors seeking clear forecasts.

Operator

Ladies and gentlemen, good day and welcome to the Kajaria Ceramics Q4 FY26 earnings conference call hosted by Spark Institutional Equities Private Limited. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Girish Choudhary from Spark Institutional Equities Private Limited. Thank you and over to you, sir.

Girish Choudhary

Spark Institutional Equities Private Limited - Analyst

Thanks, Yousuf. Good evening, everyone. Thanks for joining. We have with us the senior management team of Kajaria Ceramics, including Mr. Ashok Kajaria, Chairman; Mr. Chetan Kajaria, Vice Chairman; Mr. Rishi Kajaria, Managing Director; Mr. Karthik Kajaria, VP and Head, Adhesive Division; Mr. Sanjeev Agarwal, CFO; and Mr. Parveen Gupta, VP Finance.

I would request Mr. Kajaria to start with the initial remarks, post which we will have a Q&A session. Over to you, Ashokji.

Ashok Kajaria

Kajaria Ceramics Ltd - Chairman and Managing Director

Thank you, Girish.

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