Kajaria Ceramics

Q1 FY27Consumer Durables

Kajaria Ceramics Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹1,211

Market cap₹19.0K Cr

P/E32.9

Updated25 Aug 2026

Read4 min read

What the Q1 FY27 call signalled

1 of 3 strong

RevenueModerate growth

MarginMargins steady

CapexCapex planned

The short version

Kajaria expects double-digit volume growth for the next 9 months, driven by strengthened distribution and increased project sales. Management is confident of double-digit volume growth in the next 9 months, indicating strong sales momentum.

From Kajaria Ceramics's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Moderate growth

Kajaria expects double-digit volume growth for the next 9 months, driven by strengthened distribution and increased project sales.
The company is confident about 35-40% value growth in the sanitaryware and faucet segment, fueled by a mix of 15-16% price hikes and volume increase.
Overall revenue is projected to see robust growth, with tiles segment revenue up 18% year-on-year in Q1 FY27 and bathware revenue growing 33%.
Expansion capex at Gailpur and Srikalahasti plants aims to increase capacity and meet projected demand, supporting turnover increases of INR400-450 crores at these facilities.

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Profitability & Margins

Management is confident of double-digit volume growth in the next 9 months, indicating strong sales momentum.
For the full year, they target an EBITDA margin of around 18%-19%, with INR1,000+ crores EBITDA expected.
Bathware (sanitaryware and faucet) segment is expected to face margin challenges this year due to restructuring but forecasts better profitability next year.
Overall company blended EBITDA margin guidance is ~18%-19%.
Price hikes and volume growth together are expected to drive 35%-40% value growth in Bathware.
Operating efficiencies and new capacity expansions are expected to improve returns and margins over time.

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Capital Expenditure Plans

Capex planned

Two major capex projects underway:
Srikalahasti expansion in South India: INR 210 crores for a new 8.5 lakh sq. ft. shed and plant.
Gailpur (Bhiwadi, Rajasthan) expansion in North India: INR 165 crores for 11 million sqm capacity increase, extension of existing shed.
Both plants to use latest technology, improving capex and opex efficiency with significantly larger capacities (e.g., 340-meter kiln vs. previous 200-meter kiln).
Total capex planned for FY 2026-27: ~INR 400 crores including maintenance.
Capex is ROC-accretive with expected higher margins compared to current manufacturing and outsourcing.

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Top-ranked in Consumer Durables

Ranked on what management guided this quarter

Guidance-ranked

1Nanta Tech₹166 Cr

Rev 1Mar 1

2Visdem Technosys₹100 Cr

Rev 1Mar 1

3₹3.2K Cr

Rev 1Mar 2

4₹2.4K Cr

Rev 1Mar 3

5₹2.2K Cr

Rev 1Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The transcript on page 16 and surrounding pages does not mention any current or planned fundraising through debt or equity. Key points related to funding and capex are: - Kajaria Ceramics is undertaking capex of around INR 400 crores this year for expansion (INR 210 crores for Srikalahasti and INR 165 crores for Gailpur plants), financed internally. - No specific mention of raising funds through debt or equity in this transcript. - The company is focused on growth, margin improvements, and expanding capacity using existing resources.

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Order Book & Pipeline

The transcript from Kajaria Ceramics Limited does not explicitly mention the current or expected order book or pending orders in quantitative terms. However, from the management commentary, relevant points related to demand and order momentum include: - Strong and improving demand seen since May and June after a soft April, with double-digit volume growth expected for the next 9 months. - Market demand in North and Eastern markets has increased, driving capacity expansions. - Positive traction from retail as well as institutional segments, with increased focus on projects leading to additional market share.

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Kajaria Ceramics — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.4K Cr, net profit ₹157 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Kajaria Ceramics Ltd's management said in earlier quarters

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Kamdhenu Venture (Q1 FY27)
46.3 crores, down 8% YoY (Q1 FY26: Rs. Key investor presentation takeaways from Kamdhenu Venture's Q1 FY27 investor presentation — and how it ranks against sect
Bhartiya Intl. (Q1 FY27)
Revenue for Q1 FY27 (Consolidated) is ₹374.67 crore, up 33% YoY from ₹280.86 crore in Q1 FY26. Key investor presentation takeaways from Bhartiya International L
Pro FX (Q1 FY27)
Q1 FY27 Revenue from Operations: INR 4,606.5 Lacs, up 20.5% YoY from INR 3,821.6 Lacs in Q1 FY26 (Page 7). Key investor presentation takeaways from Pro FX's Q1
PC Jeweller (Q1 FY27)
Reported revenue for Q1FY27: Rs 877 crores, up 21% year-on-year from Rs 725 crores in Q1FY26. Key investor presentation takeaways from PC Jeweller Ltd's Q1 FY27

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Frequently Asked Questions

What were Kajaria Ceramics Q1 FY27 results?

What is Kajaria Ceramics share price analysis?

Kajaria Ceramics currently shows a below-average growth signal. The stock trades at a P/E of 32.9 with a market cap of ₹18,991 Cr. Investors should review the full earnings analysis for detailed insights.

Is Kajaria Ceramics planning capital expenditure?

Two major capex projects underway: - Srikalahasti expansion in South India: INR 210 crores for a new 8.5 lakh sq.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

What the Q1 FY27 call signalled

Revenue & Sales Performance

Profitability & Margins

Capital Expenditure Plans

Top-ranked in Consumer Durables

Fundraising & Capital Structure

Order Book & Pipeline

Kajaria Ceramics — Quarterly revenue & net profit

Continue your research

What Kajaria Ceramics Ltd's management said in earlier quarters

Others in Consumer Durables this season

Kajaria Ceramics and 15K+ more earnings calls,for less than your morning chai

Frequently Asked Questions

Kajaria Ceramics and 15K+ more earnings calls,
for less than your morning chai