Furniture-Furnishing-paints company Kajaria Ceramics announced Q1FY25 results:
- Revenue: Rs 1,113.7 crore, increased by 5% YoY
- PBT: Rs 130.4 crore,decreased by 9% YoY
- PAT: Rs 89.8 crore,decreased by 16% YoY
Chairman of the company, said: "Despite the softness in domestic demand being an election led quarter, our tile volumes in Q1FY25 grew satisfactorily by 7.8% YoY to 26.98 MSM. The EBITDA margin for the quarter stood at 15.00%, representing a decline of 90 basis points from the same quarter previous year, primarily attributed to lower realisations. PAT for the quarter de-grew by 16% to Rs 90 crore in Q1FY25 as compared to Rs 108 crore in Q1FY24.
We continue to maintain a positive demand outlook for the tile industry in FY25. With exports momentum likely to sustain and rub-off of strong real estate demand likely to drive improvement in off-take for tiles in FY25, we expect the tiles industry to fare much better than it did in FY24.
We are confident of achieving low double-digit volume growth for the current financial year driven by our extensive and relentless branding and distribution efforts."