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IDBI Capital Report
Kajaria Ceramics Ltd.'s Q2 FY21 result was a beat to our as well as consensus estimates.
Apart from healthy pickup in production after a lull in Q1 FY21 and robust sales volume growth, the management's guidance on sustainable Ebitda margin expansion along with strong sales growth stole the show.
Net sales declined by 0.3% YoY to Rs 7,215 million, while Ebitda came in at Rs 1,437 million, increased by 36.5% YoY.
The company reported net profit of Rs 896 million, marginally lower by 3.8% over Q2 FY20.
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