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KAJARIA CERAMICS LTD. - 500233 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 In continuation of our letter dated October 20, 2023, informing about the uploading of the audio recording of the Conference Call held on October 20, 2023, we enclose herewith transcript of the said Conference Call, in compliance of the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The above said transcript has been uploaded at the Company's website www.kajariaceramics.com
26-10-2023

Kajaria Ceramics banks on better volume in second half of FY24

 After the September quarter results, the management has toned down expectations, slashing volume guidance for the year to 9-10% from 13-15% earlier.
25-10-2023

Accumulate Kajaria Ceramics; target of Rs 1368: Prabhudas Lilladher

 Prabhudas Lilladher recommended accumulate rating on Kajaria Ceramics with a target price of Rs 1368 in its research report dated October 22, 2023.
23-10-2023
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Q2FY24 Quarterly Result Announced for Kajaria Ceramics Ltd.

 Diversified Consumer services company Kajaria Ceramics announced Q2FY24 results: Financial Performance: - The consolidated revenue for Q2FY24 amounted to Rs 1,122 crores, reflecting a 4% increase compared to the same period last year. - EBITDA margin improved to 16.02%, compared to 12% in Q2FY23, mainly due to a reduction in power and fuel costs. - Profit before tax increased by 47% YoY in Q2FY24. - Net Debt stood at Rs -392 crores as of September 30, 2023. Sales and Volume Growth: - Tile volumes grew by 6% YoY in Q2FY24, reaching 26.47 MSM. - The company witnessed weaker than anticipated demand in H1FY24 but expects a gradual pickup in volumes in H2FY24, driven by the growth in the real estate sector. - The recent commissioning of the Sikandrabad and Gailpur modernization/expansion projects is expected to contribute to future growth. Subsidiaries and Diversification: - Kajaria Ceramics has subsidiaries like Kajaria Vitrified Pvt. Ltd., Kajaria Infinity Pvt. Ltd., South Asian Ceramics Tiles Pvt. Ltd., Kajaria Bathware Pvt. Ltd., and Kajaria Plywood Pvt. Ltd. - These subsidiaries are engaged in the manufacturing of polished vitrified tiles, glazed vitrified tiles, ceramic floor tiles, sanitaryware, faucets, plywood, and laminate products. Expansion Plans: - The company plans to invest up to 80 crores in Kerovit Global Pvt Ltd for setting up a sanitaryware manufacturing facility in Gujarat. - Kajaria Ceramics is also planning to set up a 5.1 MSM capacity plant in Nepal in partnership with Ramesh Corp. Shareholding Pattern: - As of September 30, 2023, promoters hold a 47.49% stake in the company, followed by Foreign Institutional Investors (FII) with an 18.48% stake and Domestic Institutional Investors (DII) with a 25.45% stake. Result PDF
23-10-2023
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KAJARIA CERAMICS LTD. - 500233 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

 Pursuant to the provisions of the Regulation 30 and other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to submit herewith the audio recording of the Conference Call held on October 20, 2023, in relation to the Unaudited Financial Results of the Company for the quarter/half year ended September 30, 2023. The above said audio recording has been uploaded at the Company's website and the same can be accessed at the web-link at https://www.kajariaceramics.com/pdf/recording-of-conference-call/20_october_2023.mp3
20-10-2023

Kajaria Ceramics Q2 net profit soars 60% on-year to Rs 111 crore on lower power cost

 The company's expenses decreased to Rs 982.24 crore from Rs 985.16 crore in the previous year.
20-10-2023
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KAJARIA CERAMICS LTD. - 500233 - OPENING OF TRADING WINDOW

 In continuation to our letter dated September 28, 2023, regarding closure of trading window, we wish to inform you that pursuant to the company''s code of conduct for prevention of Insider Trading read with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in securities of the company shall be opened after expiry of 48 hours from the announcement of the outcome of the Board meeting held on October 20, 2023.
20-10-2023
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KAJARIA CERAMICS LTD. - 500233 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Investors Release dated October 20, 2023, specifying the summary of financial performance and other developments for the quarter/half year ended September 30, 2023.
20-10-2023
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KAJARIA CERAMICS LTD. - 500233 - Record Date For Determining Entitlement Of Interim Dividend

 The Board approved the Interim Dividend of Rs. 6/- shares of Rs. 1/- each for the F.Y. 2023-24 and Thursday, November 02, 2023 as the record date for determining entitlement of members of the Company to the aforesaid interim dividend. The payment of the said interim dividend will be made on or before November 18, 2023.
20-10-2023
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KAJARIA CERAMICS LTD. - 500233 - Announcement Under Regulations 30

 Increase in the limits of investment by the Company in Kajaria plywood Private Limited, a Wholly owned subsidiary company from Rs. 70 Crores to Rs. 80 Crores in one or more traches, through subscription of equity shares of Kajaria Plywood Private Limited and or granting of unsecured loan to Kajaria Plywood Private Limited, subject to compliance of applicable. laws.
20-10-2023
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