BSECompany Update5d ago · 31 Jul 2026, 02:31 pm
Please find enclosed herewith the Investors'' Release dated July 31, 2026, specifying the summary of financial performance and other developments for the quarter ended June 30, 2026
Kajaria Ceramics Ltd · 500233
✦ AI Summary▲ PositiveResults
Kajaria Ceramics Ltd has released its Q1 FY27 update, showing a 20% increase in revenue to Rs. 1328 crores, driven by a 6% YoY volume growth and a 19.60% EBITDA margin. The company has completed a buyback of 21,50,000 equity shares and announced plans for a brownfield expansion and a new facility in Rajasthan. The update also includes financial performance, subsidiaries update, and key ratios.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact9/10
Market Sentiment8/10
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Kajaria Ceramics Ltd - 500233 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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July 31, 2026
BSE Limited National Stock Exchange of India Limited
P.J. Towers Exchange Plaza
Dalal Street Bandra Kurla Complex
Mumbai - 400 001 Bandra (E)
Mumbai - 400 051
Dear Sirs,
Re.: Investors’ Release
Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, please find enclosed herewith an Investors’
Release dated July 31, 2026, specifying the summary of financial performance and
other developments for the quarter ended June 30, 2026.
Kindly take the above on your record.
Thanking you,
For Kajaria Ceramics Limited
Vinit Kumar
General Counsel & Company Secretary
Encl.: As above
KAJARIA CERAMICS LIMITED
INVESTOR UPDATE | Q1 FY27
31st July, 2026
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KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
CONTENT
Chairman’s Message
Financial Performance – Q1 FY27
Subsidiaries Update
Expansions on card
Income Statement
Shareholding Pattern
Note: The Company has disclosed the plywood operations (Kajaria Plywood Pvt. Ltd.) separately as discontinued business but
forease ofcomparison,we haveincludedthesame inthis presentation
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KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
CHAIRMAN’S MESSAGE
In Q1 FY27 we achieved 6% yoy volume growth due to very weak
April. However, our consolidated revenue increased by 20% to Rs.
1328 crores, compared to the corresponding quarter last year,
mainly due to price increase. EBITDA margin for Q1 FY27 stood at
19.60%.
Buyback of 21,50,000 equity shares (1.35% of the paid-up equity
capital as on 31 March 2026) at ₹1,380 per share, aggregating up to
₹296.70 crore is completed. We sincerely thank our shareholders
for their unwavering support and faith in the management.
Apart from a brownfield expansion of 10 MSM at our Srikalahasti
manufacturing facility, announced last quarter, we have also
decided to put up further 11 MSM line, at our Gailpur (Rajasthan)
facility that will deliver cost effective, high-quality products.
Looking ahead, we remain confident that the Company is well
positioned to sustain quality growth and create long-term value for
all stakeholders.
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KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
TILE VOLUME DATA (Consolidated)
Production Growth (MSM) - Q1 FY27 Production Growth (MSM) - FY26
21.43 87.90
20.89 84.59
6.21 5.82 25.06 23.71
15.22 15.07 62.84 60.88
Q1 FY26 Q1 FY27 FY25 FY26
Own Manufacturing Subsidiaries Own Manufacturing Subsidiaries
Sales Growth (MSM) –Q1 FY27 Sales Growth (MSM) – FY26
118.52
114.69
28.80
27.18
29.41
29.63
7.11
6.69
26.26
23.29
6.08
5.74
61.77 62.85
14.75 15.61
FY25 FY26
Q1 FY26 Q1 FY27
Own Manufacturing Subsidiaries Outsource Own Manufacturing Subsidiaries Outsource
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KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
REVENUE GROWTH (Consolidated)
4832.50 169.00
Rs./ Crores
4683.24
136.43
76.83
1328.08
386.20 413.64
92.21
363.47
91.02 45.05
1102.5735.67
48.17 261.21 2.14
94.51 315.51
121.50
1104.8333.71 -
1055.20
110.53
1043.44-
24.92
9911..4477
91.47
91.47 289.40
1.59 Adheshives
Adheshives
Sanitary ware / Faucets
Sanitary ware / Faucets
238.06 902.20
828.42
Plywood
Plywood
241.10 Outsourcing (Tiles)
Outsourcing (Tiles)
Subsidiaries (Tiles)
204.36 Subsidiaries (Tiles)
Own Manufacturing (Tiles)
Own Manufacturing (Tiles)
2300.18 2322.89
631.03
543.93
Q1 FY26 Q1 FY27 FY25 FY26
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KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
PROFITABILITY (Consolidated)
PBT* PAT
Rs. / Crores
169.46
230.23
108.98
149.02
Q1 FY26 Q1 FY27 Q1 FY26 Q1 FY27
722.78 485.41
449.71
294.35
FY25 FY26 FY25 FY26
*Profit before share of profit /(loss) from JV, exceptional items and tax
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KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
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KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
serorC/.sR
EBITDA/EBITDA Margin (Consolidated)
Quarterly Progression
300 30%
263.52
260.33
250 25%
212.90
200.90
19.60
19.19
200 20%
184.63
17.94%
17.20%
16.72%
150 15%
100 10%
50 5%
Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27
EBITDA (Rs. / Crores) EBITDA Margin (%)
KEY RATIOS (Consolidated)
Net Debt (Rs.Crore)*
Net Debt Equity(X) *
Mar-23 Mar-24 Mar-25 Mar-26 Jun-26 Mar-23 Mar-24 Mar-25 Mar-26 Jun-26
-236
-0.10
-349
-0.13
-424
-0.15
-0.25
-793
-0.30
-985
* Net of cash and cash equivalents
8 of 18
KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
KEY RATIOS (Consolidated)
Working Capital(Rs. Crore) Return on Equity (Avg.)
21.51
635 643 628 667
641 17.06 16.71
592 564 15.57 15.57
544 551
310 302 320
Jun-25 Sep-25 Dec-25 Mar-26 Jun-26
Jun-25 Sep-25 Dec-25 Mar-26 Jun-26
Debtors Inventory Creditors
Working Capital(Days) ROCE(Avg.)
28.08
65 23.87
22.04 22.24
57 20.30
Jun-25 Sep-25 Dec-25 Mar-26 Jun-26
Jun-25 Sep-25 Dec-25 Mar-26 Jun-26
• ROEfor quarter has been takenataverageofnetworthof preceding FY and respective quarter and on the PAT for current quarter.
• ROCE for the quarter has been taken at average of capital employed at preceding FY (excluding cash & bank balance) and respective quarter and on the PBIT for current quarter.
• Working capital days excludes capex creditors, capital advances and cash, cash equivalent & bank balance.
9 of 18
KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
SUBSIDIARIES
A. KAJARIA VITRIFIED PVT. LTD.
Kajaria Vitrified Pvt. Ltd. is based in Morbi (Gujarat). Kajaria has 95% stake in the
same. The company has annual capacity of 8.90 MSM of polished vitrified tiles.
The Company has operated at optimum capacity during Q1 FY27.
B. KAJARIA INFINITY PVT. LTD.
Kajaria Infinity Pvt. Ltd. is based in Morbi (Gujarat). Kajaria Ceramics has 84.59%
stake in the same. Kajaria Infinity has annual capacity of 2.70 MSM (reduced from
5.70 MSM) of glazed vitrified tiles and operated at optimum capacity during Q1
FY27.
C. SOUTH ASIAN CERAMICS TILES PVT. LTD.
Kajaria Ceramics has 59.50% stake in South Asian Ceramics Tiles Pvt. Ltd., Telangana.
The Annual production capacity of South Asian Ceramics is 4.75 MSM ceramic floor
tiles. The Company has operated at 95% during Q1 FY27.
D. KAJARIA SURFACES PVT. LTD.*
Wholly owned subsidiary of the company situated at Morbi (Gujarat). The company
has annual capacity of 6 MSM of glazed vitrified tiles. The Company has Operated
at 91% during Q1 FY27.
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KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
SUBSIDIARIES
E. KAJARIA BATHWARE (P) LTD. (KBPL)
Kajaria Bathware is a subsidiary of Kajaria Ceramics Ltd, in which Kajaria owns 85%
and Aravali Investment Holdings (Aravali), Mauritius, a wholly-owned subsidiary of
WestBridge Crossover Fund, LLC owns 15% stake (CCPS). The Board, at its meeting
held on 30 April 2026 approved to acquire these CCPS from Aravali for a total
consideration of Rs. 50 crore. The transaction is expected to be completed in next
month.
a) Sanitaryware: i) Kajaria Sanitaryware Pvt. Ltd. (KSPL): KSPL Plant is situated
in Morbi (Gujarat) having production capacity of 7.50 lac pcs p.a. The Company
has operated at 81% in Q1FY27.
ii) Kerovit Global Pvt. Ltd. (KGPL): KGPL Plant is also situated
in Morbi (Gujarat) having production capacity of 4.50 lac pcs p.a. The Plant was
put up in March 2024 to produce high end products. The Company has
operated at 39% in Q1FY27.
b) Faucet: This facility is situated at Gailpur (Rajasthan) having 1.60 million pcs
p.a. The Company has operated at 90% in Q1FY27.
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KAJARIA CERAMICS LIMITED INVESTOR UPDATE | Q1 FY27
SUBSIDIARIES
F. KAJARIA INTERNATIONAL FZCO (wholly owned subsidiary)
Kajaria International FZCO was established to expand its presence in the
international market. The company has undertaken two joint ventures – one in UAE
and the other in UK. As we realized that running expenses of showrooms in UK are
very high, and it is difficult to make profit in short to medium term, we have closed
down this operation.
G. KAJARIA RAMESH TILES LIMITED - KRTL (50% Joint Venture)
KRTL is a 50% JV between the Company and various individuals affiliated with
Ramesh Corp, Nepal. The Annual production capacity of KRTL is 5.10 MSM floor
and wall tiles. Plant is operational from 8th Sep. 24 and has operated at 89 %
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