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Cera Sanitaryware's Demand Remains Tepid; Hopeful Of Pick-Up In FY26, Says ICICI Securities, Maintaining 'Buy'
ICICI Securities maintains estimates and Buy rating on the stock with an unchanged Dec’25E target price of Rs 7,902, set at 35 times Dec’26E PER.
26 Mar 2025, 10:33 AM IST 
Cera Sanitaryware Ltd.'s management maintains its FY27 revenue target of ~Rs 29 billion.
(Photo source: Cera Sanitaryware Bathroom Fitting)
Cear management believes it can achieve ~16–17% operating profit margin going ahead as demand improves and it can pass on the complete price hike (~6% taken in Sept’24) in faucetware (~3% done TD). Also, improved contribution from luxury segment should aid margins going ahead.
