Ceramic Tiles

Although lower gas prices could offer some relief on margins

Analysts are upbeat on shares of ceramic tile manufacturers, even as their July-September quarter performance is likely to be weak

Analysts have lowered their earnings estimates, but have 'buy' recommendations for several stocks

Slowdown in construction activity, high inventory levels and cost spike key negatives

'Leave' in August could be annual feature and will follow Chinese industry taking a break every February

The company said the growth in the tiles market will continue to be driven by growth in real estate and housing sector, rise in disposable income, growth in renovation & remodelling activities.

The industry is facing natural gas supply and price hike issues

Tiles maker Kajaria Ceramics on Wednesday announced the launch of its largest store in the country to sell tiles and bathware products. The 100th Kajaria Eternity World showroom, which has come up in an 11,000 square feet area in Lajpat Nagar, offers tiles and Kerovit bathware products under one roof. "Delhi is one of our most important marketplaces. This centrally positioned store will not only serve the residents of Delhi but also the people of the NCR region," Kajaria Ceramics Chairman & Managing Director Ashok Kajaria said in a statement. Kajaria Eternity is the company's premium brand, offering glazed vitrified tiles. "A bathroom is an essential part of any household...This is only the beginning; we intend to open more large stores across India, Kajaria Bathware Managing Director Rishi Kajaria noted. The store will also function as a resource centre where experienced professionals will teach customers how to make the most of their bathrooms, he said.

Tiles maker Kajaria Ceramics Ltd on Friday reported a 3 per cent rise in consolidated net profit at Rs 124.73 crore for the third quarter ended December 31.

The revenues during the quarter under review grew 58.8 per cent year-on-year (YoY) to Rs 562 crore from Rs 354 crore on the back of strong volumes

Cheaper gas prices to reduce power & fuel cost and propel margins, say analysts

The company said its operating margins have touched a new high of 21.68 per cent in the October-December quarter

The Indian tile industry is estimated to be worth nearly Rs 39,000 crore per year

Capacity pegged at 35,000 sq m a day, commissioning likely by April next, with direct and indirect job potential of 1,200

The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry, the real estate sector, ratings agency ICRA said on Monday

The Saudi Arabian government has changed technical requirements for suppliers of ceramic tiles, forcing the units in Morbi to apply for certification for valid exports

NGT order is expected to reduce the exports of SME tile manufacturers, leading to a fall in sales volume by two to four per cent in the current fiscal