Kajaria Ceramics Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Consumer Durables | Market Cap: ₹19.0K Cr

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.

Price

1,199

Market Cap

₹19.0K Cr

P/E Ratio

32.9

Revenue Rank

Rank 3

Margin Rank

Rank 3

How does Kajaria Ceramics rank in Consumer Durables?

Compare Kajaria Ceramics against every Consumer Durables company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 3Margin: Rank 3
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Kajaria Ceramics — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.4K Cr, net profit ₹157 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 3
  • 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.
  • Increased dealer network and exclusive Kajaria dealers will contribute to growth, with focus on retail and institutional channels.
  • The company sees positive demand comeback since May-July 2026, making it optimistic about medium-term growth over the next 3 years.

📈 Profitability & Margins

Rank 3
  • 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.
  • Earnings growth supported by expanded capacity, improved dealer productivity, and increased institutional sales.
  • Promoter remuneration remains on hold for the current year; no immediate impact on profits expected from this.

🏗️ Capital Expenditure Plans

Yes
  • 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.
  • Strategic focus on adding capacity to meet growing demand, especially in North and East markets where demand for Kajaria products is rising due to narrowing price gap with Morbi.
  • Outsourcing remains a tool to meet demand but will reduce once new plants become operational.

💰 Fundraising & Capital Structure

No information
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. - Promoter remuneration remains withheld this year, indicating a focus on conserving cash. - No discussion on external fundraising or capital raising plans. Therefore, no current or immediate future fundraising through debt or equity is indicated in this document.

📋 Order Book & Pipeline

No information
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. - Major breakthrough with two large builders in India, securing a lion's share of their requirements. - Expansion in manufacturing capacity planned to meet growing demand, including new state-of-the-art plants. In summary, management expresses strong confidence in robust order inflows driven by both retail and institutional growth, supported by strategic expansions.

Key Metrics

Revenue

Rank 3

Margin

Rank 3

Capex

Yes

Fundraise

No information

Order Book

No information

Frequently Asked Questions

What were Kajaria Ceramics Q1 FY27 results?

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.

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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

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