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IDBI Capital Report
Cera Sanitaryware Ltd.'s Q4 FY22 result was above our and consensus estimates on key parameters. Strong demand traction and consistent price hike taken aided healthy net sales growth and supported margin improvement.
Net sales marginally declined by 6.5% YoY to Rs 4,099 million, while Ebitda came in at Rs 797 million, a healthy growth of 13.7% YoY.
Cera Sanitaryware reported net profit of Rs 584 million, up by 22.4% over Q4 FY21. The company's timely capacity expansion plan, focus on improving product mix, extensive distribution network, healthy balance sheet bodes well for sustainable earnings growth in future.
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