Kajaria Ceramics reported a consolidated net profit of ₹171.03 crore for Q1FY27, a 56% year-on-year increase from ₹110.31 crore, as revenue rose 20% to ₹1,328.08 crore. The strong performance was underpinned by strategic price hikes offsetting higher fuel costs and improved operational efficiency following organizational unification. During the earnings call held on July 31, 2026, management guided for double-digit volume growth over the next nine months and targeting an annual EBITDA exceeding ₹1,000 crore with margins of 18–19%.

The Board of Directors, at its meeting held on July 31, 2026, approved the brown-field expansion at its Gailpur facility in Rajasthan, adding 11 Million Square Metres (MSM) of capacity for ₹165 crore. This expansion is expected to be completed by April 2027 and will be financed through internal accruals. Additionally, the company sanctioned an investment of up to ₹12.15 crore in Sunsire Solarpark Fourty Three Private Limited to secure captive renewable energy for its Gailpur and Malootana plants, aiming to reduce power costs as per the Electricity Act.

Financial Performance

Consolidated revenue from operations stood at ₹1,328.08 crore in Q1FY27, compared to ₹1,102.74 crore in Q1FY26. EBITDA margin expanded to 19.60% from 16.72% in the prior year quarter. Profit before tax grew 52% to ₹231.40 crore. Standalone net profit also grew 56% to ₹155.77 crore. Basic earnings per share (EPS) for the consolidated entity rose to ₹10.64 from ₹6.84. The working capital cycle improved by five days to 46 days as of June 30, 2026, down from 51 days in March 2026.

Segment Analysis

The tiles segment contributed ₹1,159.40 crore to revenue, an 18% year-on-year increase. Segment results for tiles improved to ₹197.42 crore from ₹134.65 crore. The 'Others' segment, comprising adhesives and bathware, generated ₹168.68 crore in revenue. Specifically, bathware revenue grew 33% to ₹122 crore, while adhesives revenue more than doubled to ₹45 crore from ₹25 crore. Management noted that the Kerovit bathware brand is scaling with purpose, citing the acquisition of the remaining 15% stake from Aravali Investment Holdings as a commitment to long-term growth.

What the Numbers Show

The significant jump in net profit outpaced revenue growth, indicating operational leverage and margin expansion. While power and fuel costs increased due to geopolitical disruptions affecting gas prices in Morbi, the company mitigated impact through multi-location sourcing and price hikes of 10–11% in North and South regions. The narrowing price differential between branded players like Kajaria and unorganized Morbi manufacturers—from 40% to below 20%—has shifted consumer preference toward branded products, driving volume recovery. The upcoming capacity expansions, utilizing newer technology that reduces capex intensity per square meter, aim to capitalize on this sustained demand momentum and reduce reliance on outsourcing.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE217B01036/0428446b-8f60-469a-95e7-8e0dbc423157.pdf

Kajaria Ceramics Limited has published the audio recording of its conference call with analysts and investors, providing access to management commentary on its latest financial performance. The call was conducted on July 31, 2026, to discuss the unaudited financial results for the quarter ended June 30, 2026. This disclosure ensures transparency and allows stakeholders to review the detailed discussion regarding the company's operational and financial metrics for the period.

The submission of the recording is in compliance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed this update with both the BSE Limited and the National Stock Exchange of India Limited on July 31, 2026. The filing serves as a continuation of the company's earlier communication dated July 23, 2026, regarding the financial results.

Investors and analysts can access the audio file directly from the company's official website. The recording is hosted at a specific web link provided in the exchange filing, ensuring easy retrieval for those interested in the nuances of the quarterly performance discussion. This digital availability aligns with standard market practices for disseminating investor relations content.

Key Details

Vinit Kumar, General Counsel & Company Secretary at Kajaria Ceramics, signed the submission to the exchanges. The filing confirms that the audio recording is now part of the public record for the quarter's earnings cycle. Stakeholders are advised to refer to the primary financial results announcement for numerical data, while this recording offers qualitative context from management.