"GST is positive for the industry. With affordable housing and focus on smart city projects, the industry is expected to grow at six to nine per cent this year against three to five per cent last year," Kajaria Ceramics chairman and managing director Ashok Kajaria said.
In an interview to CNBC-TV18, Ashok Kajaria, CMD of Kajaria Ceramics spoke about the results and his outlook for the company.
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.
In an interview to CNBC-TV18, Ashok Kajaria, CMD of Kajaria Ceramics spoke about the results and his outlook for the company.
The anti-dumping duty levied by the government on Chinese tiles is below expectations and is only a temporary relief for the industry, says Himanshu Shah, CFO, Asian Granito.
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.
Speaking to CNBC-TV18, Ashok Kajaria said that Indian manufacturers can win back market share on the back of this reform and Kajaria‘s volume growth will be 2 percent higher due to this duty.
Ashok Kajaria, CMD, Kajaria Ceramics says says the industry has been suffering due to China‘s aggressive dumping of vitrified tiles in India since 2014 and is expecting anti-dumping duty decision to come by January-end.
To discuss whether there is there a deep disconnect between Kolkata and its youth CNBC-TV18's Ronojoy Banerjee is joined by an excellent panel of entrepreneurs at the Au Bon Pain Cafe at Park Street.
"Private investment comes when you have infrastructure development," Mitra says in an interview to CNBC-TV18, adding that capital expenditure has risen more than six-fold to Rs 13,325 crore since the time Trinamool Congress came to power in 2011
In an interview with CNBC-TV18‘s Reema Tendulkar and Mangalam Maloo, Ashok Kajaria, CMD, Kajaria Ceramics, discussed the company‘s quarterly earnings.
Kajaria Ceramics reported its third quarter numbers in which it recorded volume growth of 24 percent.
Implementation of GST is sure to benefit the tile industry and in case the GST rate is pegged at 20% then would help bring down VAT and excise rates, said Ashok Kajaria, of Kajaria Ceramics.
In an interview with CNBC-TV18‘s Reema Tendulkar and Ekta Batra, CMD Ashok Kajaria spoke about the outlook for the full year and why the next seven-eight years look positive for the ceramics and sanitaryware industry as a whole.
Speaking to CNBC-TV18, Ashok Kajaria, chairman and managing director, Kajaria Ceramics, says the company's margins, however, are likely to be stable in the coming few quarters.
In three years, March 2013 to March 2016, Kajaria is projecting a turnover of almost Rs 3,000 crore plus and for that the company needs capex of approximately Rs 425-450 crore.
This quarter will be tough for Kajaria Ceramics because its gas prices are based in dollars. As a corrective step, it plans to raise prices from October 1 across all products.
Ashok Kajaria, CMD, Kajaria Ceramics, says that he expects the company to maintain margin at 13.5-14 percent levels going forward. He expects the company will continue with 20 percent top-line growth for FY13. The interest cost is expected to go further down on back of lower capital expenditure.
In an interview to CNBC-TV18, Ashok Kajaria, chairman and managing director of Kajaria Ceramics says, the company will see 35% top-line growth for the full year—FY12.
Ashok Kajaria, CMD of Kajaria Ceramics, in an interview with CNBC-TV18’s Sonia Shenoy and Ekta Batra, gave his perspective of the fourth quarter performance and their divulged future plans.
In an interview with CNBC-TV18’s Gautam Broker and Latha Venkatesh where Ashok Kajaria, Chairman of Kajaria Ceramics spoke about the recent happenings in the company and the road ahead.