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Net Sales are expected to increase by 14.2 percent Y-o-Y (up 4.1 percent Q-o-Q) to Rs. 755.1 crore, according to ICICI Direct.
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During Q1 and Q2, Kajaria has displayed resilient operational performance which indicates the superior execution capabilities in a tough market environment
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Increase in crude oil and a weaker rupee will continue to have a bearing on natural gas prices and keep a check on margin over the next few quarters
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Asian Granito has been consistently delivering industry-leading double-digit volume growth for the past few quarters. It continues to expand its retail footprint in an aggressive manner and is focusing on value-added products to enhance margins
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We feel the margins would bottom out in the next one to two quarters as the upward movement of gas prices as well the price erosion of the glazed vitrified tiles appears to have halted.
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Net Sales are expected to increase by 3 percent Y-o-Y (down 13.8 percent Q-o-Q) to Rs. 646.6 crore, according to ICICI Direct.
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While Asian Granito is focusing on increasing its retail presence, Kajaria and Somany are gradually diversifying their business by foraying into sanitaryware and bathware segments
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We remain sanguine on the long-term prospects of the company as it enjoys a market leadership position and strong brand recall. We reiterate our view of a growth revival from the second half of the current fiscal
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Net Sales are expected to increase by 8 percent Y-o-Y (up 17.7 percent Q-o-Q) to Rs. 778.4 crore, according to Edelweiss.
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Net Sales are expected to increase by 2.2 percent Y-o-Y (up 11.2 percent Q-o-Q) to Rs. 735.3 crore, according to ICICI Direct.
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Analysts expect volume growth at 3.5-4 percent for the quarter but realisations are expected to be flat.
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Net Sales are expected to decrease by 14.3 percent Q-o-Q (up 4.2 percent Y-o-Y) to Rs 617.8 crore, according to ICICI. Kajaria Ceramics to report net profit at 55.8 crore down 12% year-on-year.
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Operating profit during the quarter is expected to decline 1.4 percent to Rs 131 crore and margin may contract 110 basis points to 16.9 percent compared with same quarter last fiscal due to increase in fuel & staff costs.
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In an interview to CNBC-TV18, Ashok Kajaria, CMD of Kajaria Ceramics spoke about the results and his outlook for the company.
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In an interview with CNBC-TV18, Ashok Kajaria said that despite missing street estimates the company has not lost its market share and seen a volume growth of 3 percent in Q2 despite the industry growth being negative.
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Kajaria Ceramics' second quarter profit is seen rising 23.6 percent to Rs 72.6 crore and revenue may increase 8.5 percent to Rs 661 crore compared to year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
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Revenue is expected to increase by 11.8 percent Q-o-Q (up 8.9 percent Y-o-Y) to Rs 661.8 crore, according to ICICI Securities.
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In an interview to CNBC-TV18, Ashok Kajaria, CMD of Kajaria Ceramics spoke about the results and his outlook for the company.
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Kajaria Ceramics did better than the guidance it had given for growth in volumes in the last quarter of financial year 2016. It had guided about 10 percent growth in volumes but performed better at 12 percent.
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Speaking to CNBC-TV18, Ashok Kajaria, CMD of the company said that margin growth was aided by lower fuel cost. However, the volume growth was restricted due to the Chennai floods last, he added.
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Operating profit (earnings before interest, tax, depreciation and amortisation) in Q3 is seen rising 34.2 percent to Rs 114.4 crore and margin may expand 250 basis points to 18.2 percent compared to year-ago period due to lower gas prices & product mix.
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Rate cut by the Reserve Bank and initiation of anti-dumping duty on vitrified tiles by the Ministry of Commerce will aid growth in coming quarters, Kajaria told CNBC-TV18.
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EBITDA in Q2FY16 is seen up 21.5 percent at Rs 98.8 crore against Rs 81.3 crore while margins may come in 180 basis points higher at 16.8 percent versus 15 percent (Y-o-Y). EBITDA margins may improve on account of lower gas prices and better product mix. Gas prices account for 20 percent of topline.
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Kajaria Ceramics's first quarter consolidated profit after tax is seen rising 18 percent year-on-year to Rs 45.4 crore and topline may grow 13.6 percent to Rs 572 crore, according to the average of estimates of analysts polled by CNBC-TV18.
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Kajaria Ceramics's fourth quarter consolidated profit after tax is seen rising 25 percent to Rs 49.6 crore on strong sales and operational performance, according to the average of estimates of analysts polled by CNBC-TV18.
