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Cera Sanitaryware Results: Latest Quarterly Results & Analysis

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Cera Sanitaryware Ltd. 11 Nov 2025 16:42 PM
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Q2FY26 Quarterly Result Announced for Cera Sanitaryware Ltd.

Household Appliances company Cera Sanitaryware announced Q2FY26 results

  • Revenue from Operations: Rs 4,879 million against Rs 4,900 million during Q2FY25, change -0.4%.
  • EBITDA: Rs 671 million against Rs 696 million during Q2FY25, change -3.6%.
  • EBITDA Margin: 13.8% for Q2FY26.
  • PAT: Rs 566 million against Rs 681 million during Q2FY25, change -16.9%.
  • EPS: Rs 43.92 for Q2FY26.

Vikram Somany, Chairman & Managing Director, said: “Amidst a backdrop of soft consumer demand, CERA delivered a resilient performance in Q2 FY26, marked by encouraging developments across key business segments. Sanitaryware and Faucetware together accounted for 47% and 40% of total revenues, respectively. Project sales accounted for 39% of the topline and maintained a healthy momentum. We remain confident that retail demand will gradually improve and normalize over time, supported by underlying market fundamentals and our strategic initiatives.

During the quarter, the Company advanced its brand architecture with promising advancements in Senator and the recently launched Polipluz. For Senator, we remain firmly on track toward our FY26 flagship rollout target of 45-50 stores, with 28 stores already operational. Both brands are now backed by dedicated teams, with the onboarding process nearly complete. In Polipluz, team ramp-up and on-ground activation have progressed well, supported by focused promotional efforts. Early market feedback for both brands has been favorable, reflecting growing acceptance and confidence in their differentiated positioning. Additionally, during the quarter, we made strong progress on our Dealer Management System (DMS) initiative, which will enhance visibility, accountability, and data-led decision-making across our channel network.

Our continued emphasis on cost optimization is delivering measurable results, reinforcing our ability to sustain margins amid a challenging demand environment. CERA has consistently undertaken strategic initiatives to sharpen its product portfolio, refine its market engagement strategy, and accelerate innovation across product categories. These timely actions — underpinned by the credibility and execution strength of a four-decade legacy — position the Company to capture growth with greater agility and scale as the industry demand cycle begins to turn upward. With our strong fundamentals, proven execution capabilities, and clear strategic direction, we are confident of capitalizing on emerging macro demand tailwinds and driving sustainable value creation for all stakeholders.”

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Household Appliances company Cera Sanitaryware announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Revenue from operations increased 5.7% YoY to Rs 5,780 million in Q4FY25 vs Rs 5,466 million in Q4FY24.
  • EBITDA rose 14.7% YoY to Rs 1,056 million vs Rs 921 million, with margin expanding 150 bps to 18.3%.
  • PAT grew 14.1% YoY to Rs 856 million vs Rs 750 million, with PAT margin improving 110 bps to 14.8%.
  • Diluted EPS increased 15.0% YoY to Rs 66.36 vs Rs 57.69 during Q4FY24.

FY25 Financial Highlights:

  • Revenue from operations rose 2.4% YoY to Rs 19,153 million in FY25 vs Rs 18,712 million in FY24.
  • EBITDA declined 1.2% YoY to Rs 2,907 million vs Rs 2,943 million, with margin compressing 50 bps to 15.2%.
  • PAT increased 3.1% YoY to Rs 2,465 million vs Rs 2,392 million, with PAT margin improving 10 bps to 12.9%.
  • Diluted EPS grew 3.5% YoY to Rs 190.40 vs Rs 183.89 during FY24.

Vikram Somany, Chairman & Managing Director, said: “The overall market environment remained challenging through the quarter, with continued softness in consumer demand. Against this backdrop, I am pleased to report that CERA delivered a satisfactory performance in Q4FY25, maintaining stable EBITDA margins and improving operational efficiency. Our faucetware segment registered year-on-year growth of 9.6%, while the pace of de-growth in sanitaryware moderated. The sanitaryware and faucetware business segments accounted for 48% and 40% of total revenues, respectively. We continued to focus on cost optimization and productivity enhancement, which helped sustain profitability.

While the timeline for demand recovery remains uncertain, the long-term outlook for the sector is promising. Rising income levels, improving standards of living, rapid urbanization, evolving consumer preferences, and sustained investments in real estate and infrastructure are expected to drive consistent demand for branded building material products. These structural trends provide a strong foundation for long-term growth, particularly in premium and value-added categories

CERA is proactively undertaking steps to address these evolving opportunities. In line with this, we are scaling our premium portfolio, including the CERA Luxe and Senator brands. Backed by a clearly defined product roadmap and strong in-house design, manufacturing, and R&D capabilities, we are preparing for a structured scale-up in FY26 and beyond. The initiatives undertaken today lay a solid foundation for CERA to capture emerging opportunities in the premium and luxury segments.

In addition, during FY25, the Company undertook several strategic initiatives. We expanded our product range with the launch of approximately 431 new SKUs across CERA, CERA Luxe and Senator. Retailer Loyalty Program continued to see strong participation, which now covers over 24,400 retailers. Our expanded faucetware capacity and growing B2B contribution supported momentum amid a muted retail environment. We also strengthened our market presence with the opening of 342 new stores, 17 Senator stores and 4 company-owned experience centres in FY25.

With over four decades of industry expertise, a strong brand, prudent financial management, and robust operational capabilities, CERA is well-positioned to capitalize on emerging opportunities as market conditions improve.”

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Furniture-Furnishing-Paints company Cera Sanitaryware announced Q1FY25 results:

  • Q1FY25 Revenue stood at Rs 3,980 million 
  • EBITDA for the quarter amounted to Rs 724 million
  • PAT for Q1FY25 stood at Rs 470 million

Commenting on the performance, Vikram Somany, Chairman & Managing Director, said, “In the backdrop of the challenging operating environment, marked by continued softness in demand, extreme heat conditions, and the impact of the general elections, Cera has reported revenues of Rs 3,980 million and a profit after tax of Rs 470 million in the first quarter. Our sanitaryware and faucetware business segments contributed 53% and 36% of our total Q1FY25 revenues, respectively

Despite the near-term pressures, we remain committed to progress on strategic programs as well as strengthening our competitive position. We see initial signs of improving demand and are optimistic that demand momentum will pick up from the second half of the year onwards.

We continue to receive favourable responses towards our newer product offerings in both sanitaryware and faucetware. While our flagship brand, CERA, continues to perform strongly in key markets, Senator, Lustre, and Luxe are poised to make notable inroads into the luxury segment.

Having made significant progress on our capacity expansion plans in both faucetware and sanitaryware, the Board felt it prudent to return surplus cash to shareholders and has accordingly approved a buyback. We remain committed to shareholder value creation, as evidenced by our regular and steadily rising dividend payments and the current buyback initiative.

As we move forward, we trust that our inherent strengths will enable us to effectively navigate short-term macroeconomic challenges. Looking ahead, we remain optimistic about the future and are confident in our ability to deliver sustainable growth for all our stakeholders”

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Furniture-Furnishing Paints company Cera Sanitaryware announced Q3FY24 & 9MFY24 results:

Standalone Q3FY24:

  • Revenue from Operations (Net of Taxes): Rs 4,367 million in Q3FY24 compared to Rs 4,557 million in Q3FY23, showing a decrease of 4.2%.
  • EBITDA (Excluding Other Income): Rs 594 million in Q3FY24 compared to Rs 729 million in Q3FY23, indicating a decrease of 18.5%.
    • EBITDA Margin: 13.6% in Q3FY24 compared to 16.0% in Q3FY23, reflecting a decrease of 240 basis points.
  • Profit After Tax (PAT): Rs 509 million in Q3FY24 compared to Rs 564 million in Q3FY23, representing a decrease of 9.7%.
    • PAT Margin: 11.7% in Q3FY24 compared to 12.4% in Q3FY23, indicating a decrease of 70 basis points.
  • EPS Diluted: Rs 39.12 in Q3FY24 compared to Rs 43.34 in Q3FY23, showing a decrease of 9.7%.

Standalone 9MFY24:

  • Revenue from Operations (Net of Taxes): Rs 13,246 million for 9MFY24 compared to Rs 12,656 million for 9MFY23, indicating a growth of 4.7%.
  • EBITDA (Excluding Other Income): Rs 2,022 million for 9MFY24 compared to Rs 2,001 million for 9MFY23, showing a slight increase of 1.1%.
    • EBITDA Margin: 15.3% for 9MFY24 compared to 15.8% for 9MFY23, reflecting a decrease of 50 basis points.
  • Profit After Tax (PAT): Rs 1,641 million for 9MFY24 compared to Rs 1,467 million for 9MFY23, indicating a growth of 11.9%.
    • PAT Margin: 12.4% for 9MFY24 compared to 11.6% for 9MFY23, showing an increase of 80 basis points.
  • EPS Diluted: Rs 126.21 for 9MFY24 compared to Rs 112.81 for 9MFY23, representing a growth of 11.9%.

Commenting on the performance, Vikram Somany, Chairman & Managing Director, said, “Revenues in Q3FY24 decreased by 4.2% YoY, totaling Rs 4,367 million, while profit after tax experienced a 9.7% YoY decline, amounting to Rs. 509 million. Our sanitaryware and faucet ware divisions, contributing 52% and 36% to our Q3FY24 revenue, witnessed a decrease of 8% and increase of 5%, respectively.

This quarter’s performance was marked by a challenging market-led slowdown characterized by subdued demand across key markets. Despite these challenges, the Company remains confident in its strong fundamentals and maintains optimism in its overall growth outlook. Our commitment to strategic initiatives, particularly the focus on premiumization, played a pivotal role in navigating this period. We remain dedicated to optimizing our operations and fostering growth in the face of varying market conditions.

Our recently commissioned brownfield faucetware capacity, operational since the previous quarter, is demonstrating positive performance.

A recent notable achievement was the acquisition of a substantial portion of land for our upcoming state-of-the-art sanitaryware facility in Gujarat. We are enthusiastic about this upcoming addition to our infrastructure, emphasizing our commitment to broadening our portfolio of value-added products. These products will be exclusively manufactured within our facility, leveraging advanced technical capabilities and adhering to rigorous quality standards. While we will continue to outsource low-end products, typically those that do not require specialized expertise, this strategic approach ensures that our commitment to excellence remains focused on in-house production for more intricate and sophisticated offerings.

As we move forward, Cera is strategically positioned to capitalize on its strengths, ensuring they not only navigate macro-led challenges but also foster sustained growth for all stakeholders.”

 

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Furniture-furnishing Paints company Cera Sanitaryware announced Q1FY24 results:

  • Revenue from operations (net of taxes) of Rs 4,272 million in Q1FY24 vs Rs 3,958 million in Q1FY23, up 7.9% YoY
  • EBITDA (excluding other income) of Rs 685 million in Q1FY24 vs Rs 612 million in Q1FY23, up 11.9% YoY
  • PAT of Rs 564 million in Q1FY24 vs Rs 396 million in Q1FY23, up 42.3% YoY
  • EPS Diluted of Rs 43.35 in Q1FY24 vs Rs 30.47 in Q1FY23, up 42.3% YoY

Commenting on the performance, Vikram Somany, Chairman & Managing Director, said, “We are pleased to report increased profitability in our performance in Q1FY24, enabling us to begin FY24 on an encouraging note. During the quarter gone by, our revenues were higher by 7.9% and PAT was higher by 42.3% on a YoY basis. Notably, our sanitaryware and faucetware divisions, which made up 53% and 35% of our Q1FY24 revenue respectively, witnessed a 7% and 8% YoY growth.

As part of our ongoing efforts to drive an improved product mix, we have successfully launched new products over the past three years, contributing 29% to the Q1FY24 turnover. These endeavours, combined with our unwavering focus on enhancing productivity and implementing effective cost optimization measures, have led to the elevation of our EBITDA and PAT margins.

Furthermore, we have made remarkable progress in our initiatives aimed at solidifying our business performance. Our retailer loyalty program has witnessed substantial growth, with over 1.85 lakh invoices uploaded by more than 15,300 retailers, providing us with valuable data and insights into end consumer buying patterns. Additionally, as of June 30, 2023, our cash and cash equivalents stood at Rs 755 crore.

Moreover, we are at the cusp of commercial production of the expanded production capacity and capabilities of our faucet ware division. Additionally, we have made significant headway in the due diligence process for a land parcel for our greenfield Sanitaryware facility.

Looking ahead, we hold a strong belief that our diverse product offerings, expansive distribution network, well-established brand recognition, robust financial position, and expansion strategies will pave the way for us to achieve sustained growth in our core business segments. With a positive trajectory and a determined focus on key objectives, we are well-positioned to capitalize on the numerous growth opportunities that lie ahead."

 

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Furniture-Furnishing-Paints company Cera Sanitaryware announced Q4FY23 & FY23 results:

  • Q4FY23 vs Q4FY22:
    • Revenue from operations (net of taxes): Rs 5,304 million vs Rs 4,387 million, up 20.9%
    • EBITDA (excluding other income): Rs 851 million vs Rs 824 million, up 3.3%
      • % of sales: 16.0% vs 18.8%, down 280 bps
    • PAT: Rs 629 million vs Rs 521 million, up 20.7%
      • % of sales: 11.9% vs 11.9%, 0 bps YoY
    • EPS diluted: Rs 48.39 vs Rs 40.04, up 20.7%
  • FY23 vs FY22:
    • Revenue from operations (net of taxes): Rs 17,962 million vs Rs 14,418 million, up 24.6%
    • EBITDA (excluding other income): Rs 2,851 million vs Rs 2,212 million, up 28.9%
      • % of sales: 15.9% vs 15.3%, up 60 bps
    • PAT: Rs 2,097 million vs Rs 1,494 million, up 40.4%
      • % of sales: 11.7% vs 10.4%, up 130 bps
    • EPS diluted: Rs 161.20 vs Rs 114.84, up 40.4%

Commenting on the performance, Vikram Somany, Chairman & Managing Director, said, “We are pleased to report our best ever quarterly performance in Q4FY23 with revenues of Rs 530 crore and PAT of Rs 63 crore. For FY23 the topline was Rs 1,796 crore an increase of 24.6% over FY22’s topline of Rs 1,442 crore. EBITDA for FY23 was Rs 323 crore an increase of 32% over FY22’s EBITDA of Rs 244 crore. Profit after tax for FY23 was Rs 210 crore an increase of 41% over FY22 at 149 crore. ROCE has increased from 19.64% to 23.13% an increase of 18%. This has been achieved even though Rs 687 crore has been parked in safe instruments yielding lower returns. Our sanitaryware and faucet ware divisions, which made up 53% and 35% of our Q4FY23 revenue respectively, registered 18% and 29% revenue growth respectively, on a y-o-y basis.

We have focused on driving an improved product mix with new products comprising products launched over the last 3 years representing 34% of the turnover in Q4FY23. Efforts to improve productivity at our plants combined with cost optimization measures have elevated our EBITDA margin in a sustainable manner.

Further, we have made considerable progress on initiatives to further solidify our business performance. Our retailer loyalty program has made considerable progress with over 1.46 lakh invoices uploaded by over 14,600 retailers providing CERA with rich data and insights into end consumer buying patterns. Cash and cash equivalents were Rs 687 crore as of March 31, 2023.

As earnings have grown, the Board of Directors has recommended an increased dividend of Rs 50 per share which equates to 1000% of face value. This is higher than the combined dividend of Rs 35 per share, equating to 700% of the face value distributed in FY22.

Looking ahead, we are confident that our diverse product offerings, extensive distribution network, well-established brand recognition, strong financial standing, and expansion plans will enable us to achieve sustained growth in our key business segments.

We are also pleased to report that the company made notable progress in expanding the production capabilities of its faucet ware division. We are confident that our faucet ware capacity expansion project will be completed well on schedule. Progress was made in the due diligence for a suitable land parcel for the new Sanitaryware facility.”

 

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Cera Sanitaryware announced Q3FY23 results:

Q3FY23:

  • Q3FY23 revenue stood at Rs 4,558 million
  • EBITDA for the quarter amounted to Rs 866 million
  • PAT stood at Rs 564 million

Commenting on the performance, Mr. Vikram Somany, Chairman & Managing Director, said,“We are pleased to report continued momentum in our performance in Q3FY23 with revenues higher by 18% and PAT higher by 33% on a YoY basis. Our sanitaryware and faucetware divisions, which made up 54% and 33% of our Q3FY23 revenue respectively, registered a 19% and 12% YoY increase.

Our overall performance has been positively impacted by the sustained interest from customers to improve and upgrade their homes. During the quarter gone by, we were able to achieve the optimal level of inventory days that we have been working towards for several quarters. Additionally, during Q3FY23, Cera did not have any lost sales for the seventh consecutive quarter.

We are also pleased to report that the Company made notable progress in expanding the production capabilities of its faucetware division. We are confident that our faucetware capacity expansion project will be completed well on schedule. Furthermore, progress was made in selecting a suitable piece of land in the State of Gujarat for the construction of our new Sanitaryware facility.

The trend of premiumization across our new-age and high-margin products remains strong, and customers are clearly demonstrating a preference for items with improved features, sleek design, and a growing technological presence. Our new Lustre Series products, which include Rose Gold, French Gold, and Platinum sanitaryware and faucetware options, have been wellreceived by customers. The response to our recent ad campaign, featuring new brand ambassadors and our increased investment in advertising and publicity, has been overwhelmingly positive.

Looking ahead, we are confident that our diverse product offerings, extensive distribution network, well-established brand recognition, strong financial standing, and expansion plans will enable us to achieve sustained growth in our key business segments. By focusing heavily on retail sales, we are well suited to capitalize on the brand promise that Cera has built over the last four decades.”

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Cera Sanitaryware announced Q2FY23 results:

  • Q2 FY23 Revenues at Rs. 4143 million
  • EBITDA for the quarter amounted to Rs. 770 million  
  • PAT of Rs. 507 million

Commenting on the performance, Mr. Vikram Somany, Chairman & Managing Director, said, “We are delighted to report strong growth during the second quarter of FY23 with revenues higher by 5.4% YoY at Rs 4143 million and PAT higher by 20.4% YoY at Rs. 507 million. This has been driven by the sustained demand for home upgradation and home improvement from customers. Our strong focus towards retail sales positions us very strongly to benefit from Cera’s brand promise created over  4 decades. 

Our sanitaryware and faucetware business segments which comprised 54% and 34% of our total Q2FY23 revenues respectively, registered 10% and 7% YoY growth.

In the backdrop of continued volatility in input prices, the Company has managed its costs basket efficiently.   As a  result, we continue to witness favourable margin performance accompanied by EBITDA (excluding other income) growth of 14.0% YoY. Improved efficiency and product mix enhancement has resulted in a margin expansion of 120 bps at the EBITDA level and 150 bps at PAT level.  

The  Company has made considerable progress in the capacity expansion of the faucetware business.

The momentum of premiumization across our new-age and high-margin offerings remains strong and we can clearly see customers gravitating towards products with enhanced features,  sophisticated design,  and an increasing technology footprint. In order to better showcase our vibrant offerings,  we have augmented our marketing spend with the addition of new brand ambassadors and by stepping up investments in advertisements and publicity.  

Going ahead, we believe that our comprehensive product offerings, wide network, strong brand salience,  robust financial position,  and plans towards scaling up the capacities; - position us  well to deliver long-term consistent growth across our key business segments.” 

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Cera Sanitaryware announced Q1FY23 results:

  • Revenue stood at Rs. 3,958 million 
  • EBITDA for the quarter amounted to Rs. 609 million  
  • PAT stood at Rs. 396 million

Commenting on the performance, Mr. Vikram Somany, Chairman & Managing Director, said, “Cera’s execution capabilities were witnessed again during Q1FY23. Across all segments,  products delivered on quality, availability and consumer acceptance. We continued to witness encouraging demand for home degradation and home improvement from customers. Pricing power of  the brand  was evident in no change in consumer elasticity of demand when prices were raised during the quarter. The company navigated rising input costs with premium offerings and new product development. The company’s cash position, working management and financial return metrics all reflect prudent financial and operational decision-making. 

Our sanitaryware and faucetware business segments which comprised 54% and 35% of our total  Q1FY23 revenues respectively, registered 89% and 99% YoY growth. I am happy to share that our new-age and high-margin offerings like color faucets, PVD,  gold-coloured and Zed black products are receiving considerable amount of interest from customers. Additionally, we made considerable progress on our calibrated expansion plan which is EPS accretive. 

Overall, we continue to make consistent progress on our strategic imperatives of maintaining strong financial prudence, growing market share as well as strengthening product offerings, distribution network and brand recognition activities. The outlook is favourable as we are well positioned to deliver long-term growth across our sanitaryware and faucetware offerings.” 

 

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Cera Sanitaryware declares Q4FY22 result:

  • Q4 FY22 Revenue at Rs. 4,387 million.
  • EBITDA for the quarter amounted to Rs. 883 million.
  • PAT for Q4 of FY22 stood at Rs. 521 million.

Commenting on the performance, Mr. Vikram Somany, Chairman & Managing Director, said, The results for the fourth quarter and for FY 22 are reflective of the renewed growth trajectory for Cera Sanitaryware Ltd. Initiatives undertaken in recent months and quarters towards debottlenecking and enhancing shopfloor productivity combined with process efficiencies to raise raw-material-to-end-product yields, have resulted in substantially improved EBITDA, Cash Profit and Profit after Tax for the company.

We look forward to embarking on a newer growth dynamic and monetizing opportunities thrown up by increasingly buoyant consumer demand. New product offerings, overall customer ownership experience and customer warranties are enabling gravitation of newer customers towards Cera’s sanitaryware, faucetware and tiles offerings. We are comfortably placed to expand capacity of both the faucetware and sanitarywre businesses which will create headroom for sustained growth in the years ahead.

 

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