Kajaria Ceramics Investors Update (Oct 15)

Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India. It has an annual capacity of 62.10 mn. sq. meters presently, distributed across eight plants - one in Sikandrabad (UP), one in Gailpur (Raj.), five in Morbi (Guj.) and one in Vijaywada (AP).

Adjudged as the “Best Managed Company” in the small-cap category for the year
2014 by Asia Money, a financial Institutional Investor Group.

Chairman’s Message

We continued on our growth path in the second quarter of 2015-16. Revenue grew by 13% over the corresponding period in the previous year. EBIDTA and Net Profit grew by 46% and 48% respectively during the same period.

The Ministry of Commerce has recently (13th Oct. 2015) initiated Antidumping investigation concerning imports of Vitrified tiles*, originating in or exported from China PR, which was a much awaited step by the Indian tile industry.

Going forward, we feel that the business environment will become increasingly positive with several reformative steps being outlined by the Government. The recent rate-cut by the RBI by 50 bps amidst stable inflation indicators, augers well for steady economic growth and should act as a catalyst to revive sentiments in the real estate sector.