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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Kajaria Ceramics has reported consolidated revenue in line with expectations, driven by resilient tile volume growth, although its OPM was affected by losses in the Bathware unit. The management has slightly adjusted its tile volume growth forecast to 9-10% year-on-year and aims to achieve the lower end of its OPM guidance of 15-17% for FY2025. Sharekhan maintains a Buy rating with a revised price target of Rs. 1,600, anticipating healthy earnings growth over the next three years, with a consolidated revenue target of Rs. 6,500 crore for FY2027.
Kajaria Ceramics reported a decline in profitability with a 250bps YoY margin contraction in Q2FY24, prompting a downward revision of its tiles volume guidance to 9-10% from 11-13%. Despite an 8.4% YoY volume growth, revenue estimates have been adjusted downwards by 9.5% for FY25, with a target price set at Rs 1,604, maintaining an 'Accumulate' rating.
Anand Rathi has upgraded Kajaria Ceramics to a Buy rating with a target price of Rs 1,695, citing a 35% potential upside. Despite a 5% year-on-year revenue growth to Rs 11.8 billion, the company faced a decline in EBITDA and PAT due to input cost pressures, with management optimistic about demand in the tiles industry for the second half of the year.
Kajaria Ceramics Limited
Companies
09:21 24.10.2024
07:34 24.10.2024
06:50 24.10.2024
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