Kajaria Ceramics: Q4 FY24 sees 5.2% slide in net profit
Tiles

Kajaria Ceramics: Q4 FY24 sees 5.2% slide in net profit

Due to rising expenses and sluggish demand, Kajaria's consolidated net profit decreased 5.2% year over year to Rs 1.02 billion in the fourth quarter. LSEG data shows that analysts had anticipated earnings to increase to Rs 1.26 billion on average.

Kajaria Ceramics, the top tile manufacturer in India, releases results for the January March quarter. Analysts suggest that the Red Sea crisis dampened exports and that there was little domestic demand for tiles during the January March quarter. In the first three quarters of fiscal 2024, the tile industry had very little volume increase, which is consistent with this pattern.

Tiles are widely used in residential and commercial construction projects, but domestic demand has not yet increased in tandem with the real estate industry's recovery. Kajaria's sales volume only increased 5.5% from January to March as a consequence. In the fiscal year 2023's fourth quarter, it had increased by 11%.

Operating revenue for Kajaria increased by 3% to Rs 12.41 billion. Kajaria's revenue from operations rose 3% to Rs 12.41 billion. Ashok Kajaria, chairman of the company, stated in a statement that they maintained a positive outlook for the tile industry's demand in FY25. He further mentioned that the momentum of exports is likely to sustain and that strong real estate demand will drive an improvement in off-take for tiles in fiscal 2025.

Analysts had anticipated that as Kajaria utilises inexpensive bio fuel, its power supply and fuel expenses would decrease. Even though these expenses were already down, the business still had to pay for inventory and spend more on supplies and machinery.

Due to rising expenses and sluggish demand, Kajaria's consolidated net profit decreased 5.2% year over year to Rs 1.02 billion in the fourth quarter. LSEG data shows that analysts had anticipated earnings to increase to Rs 1.26 billion on average. Kajaria Ceramics, the top tile manufacturer in India, releases results for the January March quarter. Analysts suggest that the Red Sea crisis dampened exports and that there was little domestic demand for tiles during the January March quarter. In the first three quarters of fiscal 2024, the tile industry had very little volume increase, which is consistent with this pattern. Tiles are widely used in residential and commercial construction projects, but domestic demand has not yet increased in tandem with the real estate industry's recovery. Kajaria's sales volume only increased 5.5% from January to March as a consequence. In the fiscal year 2023's fourth quarter, it had increased by 11%. Operating revenue for Kajaria increased by 3% to Rs 12.41 billion. Kajaria's revenue from operations rose 3% to Rs 12.41 billion. Ashok Kajaria, chairman of the company, stated in a statement that they maintained a positive outlook for the tile industry's demand in FY25. He further mentioned that the momentum of exports is likely to sustain and that strong real estate demand will drive an improvement in off-take for tiles in fiscal 2025. Analysts had anticipated that as Kajaria utilises inexpensive bio fuel, its power supply and fuel expenses would decrease. Even though these expenses were already down, the business still had to pay for inventory and spend more on supplies and machinery.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?