Cera Sanitaryware Limited has provided an update on its ongoing process to divest its entire stake in its subsidiary, Race Polymer Arts LLP. The company announced that negotiations with its joint venture partner, Shreeyam Ceramic LLP, are making significant progress.

Key Developments

• Substantial Agreement: Cera Sanitaryware reported that they have reached substantial agreement on the terms and conditions of the proposed divestment with Shreeyam Ceramic LLP.

• Timeline: The company expects to execute the necessary documents, including the Retirement Deed, by September 30, 2025.

• Regulatory Compliance: This update was provided as part of the company's obligations under Regulation 30 of the SEBI (LODR) Regulations, 2015.

Background

The latest announcement follows Cera Sanitaryware's earlier communication dated September 2, 2025, where the company initially disclosed its intention to divest its stake in Race Polymer Arts LLP.

Management Statement

In an official intimation to the stock exchanges, Hemal Sadiwala, Company Secretary of Cera Sanitaryware Limited, stated, "The terms and conditions of the proposed divestment have been substantially agreed upon, and the necessary documents and agreements, including the Retirement Deed, will be executed by 30th September 2025."

This development signifies Cera Sanitaryware's strategic move to restructure its business holdings. Investors and stakeholders will be keenly watching the finalization of this divestment process and its potential impact on the company's future operations and financial performance.

As the September 30, 2025 deadline approaches, market participants can expect further updates from Cera Sanitaryware regarding the completion of this significant transaction.

Cera Sanitaryware Limited , a leading player in the sanitaryware industry, has announced its financial results for the first quarter, revealing a mixed performance with revenue growth but a slight decline in profitability.

Revenue Growth

The company reported a revenue of Rs 419.42 crore for Q1, marking a 5.38% increase from Rs 398.01 crore in the corresponding quarter of the previous year. This growth in revenue indicates a positive trend in the company's sales and market presence.

Profitability Metrics

Despite the increase in revenue, Cera Sanitaryware experienced a marginal decline in its profitability metrics:

• Net Profit: The company's net profit for Q1 stood at Rs 46.53 crore, down by 1.06% from Rs 47.05 crore in the same quarter last year.
• EBITDA: Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) decreased to Rs 55.10 crore from Rs 58.10 crore year-over-year.
• EBITDA Margin: The EBITDA margin compressed to 13.1% from 14.5% in the same quarter last year.

Financial Performance Overview

Other Key Highlights

• The Board of Directors approved the unaudited financial results at their meeting.
• The company's consolidated results show a similar trend, with revenue growth and a slight dip in profitability.
• Cera Sanitaryware maintains a strong balance sheet with a robust equity position.

Investors and analysts will be watching closely to see how the company addresses the profitability challenges while continuing to drive revenue growth in the coming quarters. The management's strategies to improve operational efficiency and maintain market share will be crucial in determining the company's performance for the rest of the fiscal year.