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IDBI Capital Report
Kajaria Ceramics Ltd.'s Q4 FY21 result was in-line with our estimates on key parameters.
Strong demand recovery boosted sales volume and resulted in highest ever net sales for the company.
Further, Ebitda margins improved with higher plant efficiency, better performance from subsidiaries and higher capacity utilisation.
Net sales increased by 46.1% YoY to Rs 9,525 million, while Ebitda came in at Rs 1,909 million, up by 104.5% YoY.
The company reported net profit of Rs 1,312 million, a robust growth of 166.5% over Q4 FY20.
After a strong demand recovery in H2 FY21, second wave of Covid-19 has played a spoil sport and demand took a hit amid statewide lockdowns.
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