๐ก Recent Insights & Highlights
Soft demand ๐: 2% YoY tile volume growth in Q4, 6% in FY25 (115 MSM).
Margin pressure โ๏ธ: EBITDA margin fell to 10% in Q4 (vs 13.86% YoY) due to bathware losses, UK operations, and plywood provisions.
Profit decline ๐ธ: Consolidated PAT dropped 58% YoY to โน43 Cr in Q4; FY25 PAT fell 30% to โน294 Cr.
Plywood exit ๐ช: Discontinued operations led to โน112 Cr exceptional loss in Q4.
๐ Key Ratios
Interest Coverage (ICR) ๐ฆ: 13.46x (Q4), 19.03x (FY25)
PE Ratio (CMP โน798) ๐: ~43.2x (based on FY25 EPS of โน18.48)
Cost optimization ๐ง: Plans to streamline expenses to improve margins.
Expansions ๐ญ: Adhesive plant in Gailpur (operational by June 2025).
Subsidiaries ๐ข: Bathware expected to turn profitable in FY26; UK operations scaled down.
๐ข Disclosure: Forward-looking statements involve risks like demand fluctuations and operational challenges1.
All data sourced from Kajaria Ceramicsโ Investor Release (May 6, 2025).