Kajaria Ceramics Ltd

Kajaria Ceramics Q3 FY26: Margins Improve to 17.2% 📊

• Consolidated revenue flat at ₹1,168 Cr in Q3 FY26

• Tiles revenue flat at ₹1,030 Cr

• Bathware grew 9% to ₹103 Cr

• Adhesives revenue rose to ₹35 Cr from ₹20 Cr

• EBITDA margin improved to 17.2%, up 442 bps YoY

• PBT grew 49% to ₹165 Cr

• PAT increased 13% to ₹88 Cr (adjusted for exceptional items)

• Converted Gailpur line to GVT with 9.1 million sqm capacity

• Management expects margins in 17-18% range

• Market share goal: increase organized sector share from 40% to 50% in 2-3 years

• Working capital days increased to 64 from 56

• Gas prices averaged ₹37/unit in Q3

• Price hikes of 8-12% implemented in faucets

• Focus on dealer unification and digital processes under 'Kajaria 2.0' initiative