Investor Presentation Q2 & H1 FY 2026-27

CSL/2026-27/168 4th November 2026 To, To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza 1st Floor, New Trading Ring Bandra Kurla Complex Rotunda Building, P J Towers Bandra (East) Dalal Street, Fort, Mumbai – 400001. Mumbai – 400051. Scrip Code :532443 Scrip ID: CERA Scrip Code: CERA Dear Sir/Madam, Sub: Disclosure under Regulation 30 SEBI (LODR) Regulations, 2015 - Investor Presentation Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith Investor Presentation. Kindly take the same on your records. Thanking You. For Cera Sanitaryware Limited. Hemal Sadiwala Company Secretary Encl: As above Cera Sanitaryware Limited Q2 & H1 FY27 Investor Presentation November 4, 2026 Q2 & H1 FY27 Results Overview Key Financial Highlights – Standalone Q2 & H1 FY27 In Rs. crore Revenue from Operations (Rs. Crore) EBITDA (Rs. Crore) Margins (%) 1,089 14.2% 10.1% 12.2% 13.7% 11.3% 120 122 473 486 Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 Shift (%) QoQ: 24.1%  YoY: 27.4%  YoY: 23.7%  Shift (%) QoQ: 48.9%  YoY: 9.1%  YoY: 1.9%  PAT (Rs. Crore) Margins (%) 12.0% 9.3% 9.3% 11.7% 9.3% ⚫ Revenue from Operations grew 27.4% YoY to Rs. 603 crore, reflecting healthy topline momentum 103 101 ⚫ Sanitaryware & Faucetware delivered 24% and 38% YoY growth, 57 56 respectively ⚫ EBITDA margin stood at 12.2% compared to 14.2% in Q2 FY26, impacted by elevated input costs and certain transitional factors. Q2 FY26 Q1 FY27 Q2 FY27 H1 FY26 H1 FY27 However, margins improved by 210 bps on a QoQ basis Shift (%) QoQ: 23.9%  YoY: (0.9%)  YoY: (1.7%)  ⚫ PAT stood at Rs. 56 crore in Q2 FY27 vs. Rs. 57 crore in Q2 FY26 Note 1: All figures mentioned in the slide are standalone financials Note 2: EBITDA & EBITDA Margins calculated without Other Income Revenue & Business Mix – Q2 FY27 Broad-based growth across core segments; well-diversified revenue base Revenue mix by Segment (Q2 FY27) Segment Growth (YoY) Revenue mix by product positioning (Q2 FY27) Wellness 2% Sanitaryware 24% Sanitaryware Tiles Faucetware 38% 43% 37% 20% Premium Mid Entry Tiles 9% Revenue mix by Geography (Q2 FY27) Wellness 71% Faucetware 88% 36% 24% 40% Volume-led growth supported by a favourable From core Sanitaryware & price impact Tier 1 Tier 2 Tier 3 Faucetware categories Channel mix (Q2 FY27) 61% 39% Retail Project Operating Metrics & Input Cost Trends – Q2 FY27 GAS SOURCING & COST – Q2 FY27 Brass Gas Cost Gross margin (Rs. Kg) (Rs.) (%) Gas Sourcing Mix 837 10.1 49.2% 45.8% 44.0% GAIL Sabarmati 76% 24% 589 7.1 ₹47.3/ 4.0% Weighted-average Gas Cost / gas cost Revenue CAPACITY UTILISATION – Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 Q2 FY26 Q1 FY27 Q2 FY27 82% 107% Changes in Raw Material Costs • Key input costs, including brass and gas, have increased by ~58% and ~42% YoY, respectively • We closely monitor input cost movements and have a monthly brass price pass-through mechanism in Sanitaryware Faucetware place to manage price fluctuations Q2 FY26: 85% Q2 FY26: 97% Balance Sheet & Cash Position Capital Position Working Capital Cash Flow Metrics (Rs. crore) Net Worth Net Working Capital (Rs. crore) 1,371 1,470 Sept. 26 1,184 Cash Flow from Operations Rs. 143 crore Sept. 25 Sept. 26 (OCF): Sept. 25 1,075 Cash & Cash Equivalents Net Working Capital Days Sept. 25 Sept. 26 OCF / EBITDA: 117% Fixed Assets 384 389 77.0 58.0 Sept. 25 Sept. 26 Sept. 25 Sept. 26 Management Comment Commenting on the performance, Mr. Vikram Somany, Chairman & Managing Director, said: “We are pleased to report a healthy performance in Q2 FY27, with revenues growing by 27.4% year-on-year, supported by broad based volume-led growth across our key business segments. The sanitaryware and faucetware segments registered growth of 24% and 38%, respectively. Retail demand continued to recover and was complemented by a steady performance in the projects business. Business momentum was sustained throughout the quarter, reflecting improving underlying demand conditions and consistent execution. The industry continues to navigate a challenging cost environment, particularly with elevated brass and gas prices. We have undertaken calibrated price revisions, including a price revision in faucetware in September, alongside measures to strengthen pricing discipline and protect profitability in the projects business. While the benefits of these initiatives will materialise progressively, we have already witnessed an improvement in operating margins compared with the preceding quarter and expect further benefits over the coming quarters as these measures take effect. Our established sourcing arrangements, strong in-house manufacturing capabilities and focus on cost optimisation continue to provide us with a relative advantage in navigating the challenging cost environment. Importantly, the strategic and operational initiatives undertaken over the past two years to strengthen our distribution network, deepen our presence in focus markets and enhance our execution capabilities are now beginning to yield tangible results. These efforts have strengthened our competitive position and enabled us to gain incremental market share amidst the challenging operating environment. Our investments in manufacturing capabilities and the selective in-house production of key products have further strengthened our ability to ensure consistent product availability and respond effectively to market demand. Looking ahead, we remain confident of sustaining our growth momentum, supported by improving demand and deeper penetration across existing and emerging markets. We also expect profitability to improve progressively during the second half of FY27, supported by the cumulative benefits of pricing actions and cost-efficiency initiatives. While remaining mindful of the prevailing input-cost environment, we continue to maintain our full-year EBITDA margin outlook of 13%–14% and remain confident of surpassing our revenue growth target. Our focus remains on strengthening CERA's market position, delivering sustainable and profitable growth and creating long- term value for our stakeholders.” Mr. Vikram Somany (Founder and CMD) 7 FY27 Outlook & Key Priorities Focused on profitable growth, operational execution and strengthening CERA’s long-term growth platform. 13–14% EBITDA Margin Core CERA Brand 18–20% Revenue Growth Progressive improvement expected Principal driver of volume-led FY27 outlook maintained through the year growth Capacity Expansion Operational Efficiency Working Capital Discipline Faucetware expansion on track Focus on profitability and cost Continued focus on inventory and during FY27 efficiencies cash-flow efficiency Abridged P&L – Standalone – Period ending 30 Sept. 2026 Particulars (Rs. crore) Q2 FY27 Q2 FY26 Y-o-Y Shift H1 FY27 H1 FY26 Y-o-Y Shift Revenue from Operations 603 473 27.4% 1,089 880 23.7% Other Income 11 17 -34.2% 32 35 -8.5% Total Income From Operations (Net) 614 490 25.3% 1,121 915 22.5% Total Expenditure: 530 406 30.4% 966 760 27.2% Raw Material expenses (costs of material consumed) 338 240 40.6% 601 438 37.1% Employee benefits expense 72 65 10.7% 151 130 16.0% Other expenses 120 101 18.7% 215 192 11.9% EBITDA (excluding Other Income) 73 67 9.1% 122 120 1.9% EBITDA margin (%) 12.2% 14.2% (200 bps) 11.3% 13.7% (240 bps) Finance Costs 1 2 -15.8% 3 3 -14.0% Depreciation and Amortization 10 10 -0.6% 19 19 1.4% Profit Before Exceptional Items 73 72 1.1% 133 133 -0.4% Exceptional Items - - - - - - PBT 73 72 1.1% 133 133 -0.4% PBT margin (%) 11.9% 14.7% (280 bps) 11.8% 14.6% (280 bps) Tax expense 17 16 8.3% 31 30 4.0% PAT 56 57 -0.9% 101 103 -1.7% PAT margin (%) 9.1% 11.6% (250 bps) 9.1% 11.3% (220 bps) Note : Turnover discounts are now presented as a deduction from revenue from operations in accordance with Ind AS; prior-period revenues have [Showing first 8,000 characters — download PDF for full document]