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ICICI Securities Report
Cera Sanitaryware Ltd. is well geared to stage a material recovery in volumes in its bathroom solutions segment on the back of:
- considerable strengthening of the balance sheet post Covid-19 driven by stricter control on receivables, particularly in the faucet and tile segments (which is likely to continue in the near term);
- market share gains across the product portfolio driven by import substitution in sanitaryware and faucets, and Morbi's intensified focus on tile exports.
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