Kajaria Ceramics Q3 Results Review - Inline Performance; Volume Growth Stood At 6% YoY: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Kajaria Ceramics Ltd.'s reported consolidated revenue/Ebitda growth of 6%/ 34% YoY to Rs 11.5 billion/Rs 1.8 billion (in line) in Q3 FY24. Operating profit margin stood at 15.5% (versus estimate 15.7%). Profit after tax came in at Rs 1.0 billion (versus estimate Rs 1.1 billion).The management remains confident of achieving five - 6% higher growth than the industry average. Demand should increase as spending have been higher in the infrastructure and real estate sectors for the last two-three years.In Q4, volume growth should be ~7% for Kajaria Ceramics. Morbi manufacturers have not hiked prices despite a 17% increase in Gujarat gas prices since August 2023. Tile prices have come down by 2-3% in the last few months. Average gas price was Rs 39/ standard cubic meter in Q3 FY24..Click on the attachment to read the full report:.Coromandel Q3 Results Review - Lower Subsidy Rates, Higher Raw Material Costs Weaken Margins: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Kajaria Ceramics Q3 Results Review - Inline Performance; Volume Growth Stood At 6% YoY: Motilal Oswal

Guides for 5-6% higher volume growth than the industry in FY25.

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