Ceramic Tiles

Weak demand, excess supply get tile makers walking on eggshells

Although lower gas prices could offer some relief on margins

Street signs: Trend weak on FPIs, Electronics Mart India IPO, and more

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

MGL, Gujarat Gas: Analysts see some silver lining for downstream gas stocks

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

Building material players take a demand, margin hit in June quarter

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

Gujarat's ceramic tiles hub to take month-long break after production glut

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

Orient Bell zooms 18% on upward revision in credit ratings by Crisil

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.

Largest ceramic manufacturing cluster bears brunt of gas price hike

The industry is facing natural gas supply and price hike issues

Kajaria Ceramics launches its largest store to cater to NCR region

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 net profit rises 3% to Rs 124.73 crore in Q3

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.

Somany Ceramics surges 12%, hits 52-week high on strong Q4 results

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

Natural gas under GST regime likely to benefit tile manufacturers

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

Kajaria Ceramics gains 7%, hits record high on strong Q3 operating margin

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

Tide may be turning for Indian tile makers on improved demand outlook

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

Varmora to invest Rs 300 crore in two greenfield tile plants in Gujarat

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

Tile players' turnover likely to decline 15-25% in FY21, says ICRA

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

New registration norms by Saudi add to Morbi tile cluster's woes

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

Crisil SME Tracker: Ceramic tile makers may face double whammy

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