Kajaria Ceramics has announced comprehensive board meeting outcomes for FY26, showcasing strong financial performance with consolidated revenue growing 4% to ₹4,830.36 crore. The Board of Directors, meeting on April 30, 2026, approved audited financial results and announced strategic initiatives including a significant share buyback proposal, capacity expansion plans, and key investments.

Strong FY26 Financial Performance

The company delivered robust consolidated financial results for FY26, demonstrating strong profitability improvements across key metrics:

For Q4 FY26, the company achieved exceptional quarterly performance with consolidated revenue growing 12% to ₹1,373.35 crore and consolidated PAT surging 266% to ₹155.75 crore compared to Q4 FY25.

Strategic Share Buyback Proposal

The Board approved a substantial share buyback proposal subject to shareholder approval through postal ballot. The buyback details include:

The buyback will be conducted through the tender offer route using stock exchange mechanisms as prescribed under SEBI regulations. Nuvama Wealth Management Limited has been appointed as the Manager to the Buyback, with the Board constituting a dedicated Buyback Committee for implementation.

Capacity Expansion and Strategic Investments

The Board approved significant expansion of the Srikalahasti manufacturing facility in Andhra Pradesh:

Additionally, the Board approved strategic investments including up to ₹45 crore in Kerovit Global Private Limited through subscription to non-convertible redeemable preference shares, and ₹50 crore for acquiring compulsorily convertible preference shares of Kajaria Bathware Private Limited.

Dividend and Governance Decisions

The Board recommended a final dividend of ₹6 per equity share for FY26, subject to shareholder approval. Combined with the interim dividend of ₹8 per share paid during the year, the total dividend amounts to ₹14 per share compared to ₹9 per share in the previous year.

The Board also appointed M/s Ernst & Young LLP as Internal Auditors for FY27 and received unmodified audit opinions from statutory auditors M/s Walker Chandiock & Co LLP on both standalone and consolidated financial statements.

Regulatory Compliance and Market Position

The company maintains its position as India's largest ceramic tiles manufacturer with total tile manufacturing capacity of 87.80 MSM across nine plants. The comprehensive board meeting outcomes demonstrate strong governance practices with detailed regulatory disclosures under SEBI Listing Regulations, ensuring transparency for all stakeholders.

Kajaria Ceramics Limited announced significant expansion plans and a share buyback proposal following its Board meeting held on April 30. The company approved major capacity expansion at its Srikalahasti facility in Andhra Pradesh, along with a substantial buyback program, demonstrating strong confidence in its growth trajectory and commitment to shareholder value creation.

Manufacturing Facility Expansion

The Board approved expansion of the manufacturing facility at Srikalahasti, Andhra Pradesh, by increasing annual production capacity by 10 MSM of glazed vitrified tiles. The expansion requires an investment of ₹210.00 crores and is expected to be completed by March 2027. The project will be financed through internal accruals and aims to cater to the growing southern market in India.

Share Buyback Proposal

The Board approved a proposal to buy back fully paid-up equity shares not exceeding 21.50 lakh shares, representing 1.35% of the total paid-up capital as of March 31. The buyback will be conducted through the tender offer route at a price of ₹1,380.00 per equity share, for an aggregate amount not exceeding ₹296.70 crores. The promoters and promoter group have indicated they will not participate in the buyback.

Strategic Investments

Additionally, the Board approved subscription of 4,50,00,000 non-convertible redeemable preference shares of ₹10.00 each in Kerovit Global Private Limited, a step-down wholly-owned subsidiary, for an aggregate consideration of up to ₹45.00 crores. The company also approved acquisition of 44,11,764 compulsorily convertible preference shares of ₹10.00 each in Kajaria Bathware Private Limited at a total consideration of ₹50.00 crores.

These strategic decisions reflect the company's focus on expanding manufacturing capabilities in key markets while maintaining strong capital allocation discipline through the buyback program.