Manoj Ceramic Ltd
Manoj Ceramic Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #16 of 87 in Consumer Durables
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The short version
The company targets a CAGR of 20-25% over the next three years in sales and revenues. The company targets a 20-25% CAGR growth in sales and profits over the next three years.
From Manoj Ceramic Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- The company targets a CAGR of 20-25% over the next three years in sales and revenues.
- They are currently delivering on this growth promise, as evidenced by H1 FY26 results.
- Growth strategy includes expanding B2C sales, aiming to improve EBITDAs and bottom lines.
- B2B contributes 80-85% of revenues; B2C contributes 20-25%, with B2C margins higher (35-40%) than B2B (20-30%).
- Plans include introducing new depots and product lines monthly and expanding into global markets.
- Inventory buildup was deliberate, anticipating better demand and sales in the second half of the year.
2 more points from Manoj Ceramic Ltd's call on revenue
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Profitability & Margins
See what Manoj Ceramic Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- A small CapEx has been made for the natural stones division, funded from current revenues; the project is active and recent (started 2-2.5 months ago).
- There are no short-term CapEx plans for the tiles division (which generates maximum revenue); the company is sticking to its current business model with no immediate CapEx needs there.
- Future CapEx for tiles backward integration is not planned in the near term.
- Discussion about raising new debt for CapEx is open but requires specific, detailed one-to-one conversations.
2 more points from Manoj Ceramic Ltd's call on capex
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Top-ranked in Consumer Durables
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Manoj Ceramic Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The Dubai Display Center started operations in August, serving as an experience center for African and Middle East contracts, facilitating product selection without travel to India.
- Initial orders have been received and delivered, including a government housing project order from Burundi.
- It is a mix of branding and actual order delivery, with expected better order influx in the next 6 months to 1 year.
- Export orders are being actively pursued, with agents appointed in African countries such as Uganda and ongoing projects in Burundi.
2 more points from Manoj Ceramic Ltd's call on order book
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What Manoj Ceramic's management said in earlier quarters
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Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Manoj Ceramic Ltd Q2 FY26 results?
The company targets a CAGR of 20-25% over the next three years in sales and revenues. The company targets a 20-25% CAGR growth in sales and profits over the next three years.
What is Manoj Ceramic Ltd share price analysis?
Manoj Ceramic Ltd currently shows a neutral. The stock trades at a P/E of 11.5 with a market cap of ₹137 Cr. Investors should review the full earnings analysis for detailed insights.
Is Manoj Ceramic Ltd planning capital expenditure?
A small CapEx has been made for the natural stones division, funded from current revenues; the project is active and recent (started 2-2.5 months ago).
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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.