Cera Sanitaryware, Kajaria Ceramics -Aspirations Accelerating Growth: Prabhudas Lilladher Initiates Coverage

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Prabhudas Lilladher Report.Home building materials (plastic pipes, tiles, wood panel, sanitaryware and faucets) is estimated to touch Rs 2.7 trillion by FY26 from Rs 1.3 trillion in FY22. Ceramic tiles sector (domestic consumption volume) reported 5.4% compound annual growth rate over FY17-21, while sanitaryware and facets sector (value) reported 8.3%/12.0% CAGR over FY17-21. Considering strong underlying demand along with healthy growth momentum, we initiate coverage on Kajaria Ceramics Ltd. and Cera Sanitaryware Ltd. underpinned by-healthy growth in real estate sector,increased government spending on irrigation, water supply and sanitation and urban infrastructure;benefits from industry consolidation; andshift from unorganised to organised market, due to geographical expansions of large organised players. We expect Kajaria Ceramics/Cera Sanitaryware to clock revenue/Ebitda/profit after tax CAGR of 14.7%/ 24.1%/ 29.8% and 13.6%/ 16.3%/ 16.4% respectively over FY23-25E..Click on the attachment to read the full report: .Century Plyboards - Near-Term Outlook Remains Tepid: ICICI Securities.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Cera Sanitaryware, Kajaria Ceramics -Aspirations Accelerating Growth: Prabhudas Lilladher Initiates Coverage

Indian ceramic tiles industry paving way into better times.

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