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Earnings Call Transcript

Cera Sanitaryware Earnings Call Transcript: Key Takeaways

Cera delivered strong volume-led growth despite severe input cost inflation in brass and gas. Management is confident of surpassing its 18-20% revenue target while maintaining improved margins in H2.

Why this was an Alfa AlertRevenue beat own guidance: guided 18.0–20.0, achieved 27.4 (+37.0% above upper end, mgmt confirmed).
Cera Sanitaryware Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Revenue: guided vs achieved 27.40% achieved Guided 18.00%–20.00%, 37.0% above the top of the range; confirmed by management
Revenue guidance 20.0% → 21.0% Raised by 1.0 percentage points
Management target Revenue 20.0% FY27
Highlights
Revenue growth₹603 Cr, up 27.4% YoY, primarily driven by strong volume traction.
MarginsEBITDA margin at 12.2% vs 14.2% YoY due to input costs.
Demand visibilityStrong retail recovery complemented by steady performance in the projects business.
Management confidenceBalanced; confident in volume momentum despite significant raw material headwinds.

Growth

Revenue grew 27.4% YoY, primarily volume-driven across sanitaryware (24%) and faucetware (38%) segments.

Outlook

Full-year EBITDA margin outlook maintained at 13-14% with revenue growth exceeding 20% target.

Risks

Elevated brass prices (up 58% YoY) and gas costs pressure margins despite price hikes.

Last quarter's promises, checked

Delivered

  • FY27 revenue growth 18–20% → 27.4% YoY, quarterly not full-year (= BEAT)

Partly delivered

  • FY27 EBITDA margin 13.5–14% → 12.2% qtr, up from 10.1% in Q1 (= PARTIAL)
  • FY27 capex ₹43 Cr → ₹27 Cr in H1, on pace (= PARTIAL)
Source

Earnings Call Transcript filed with NSE, NSE: CERA. Summary written with AI assistance from the document.

Read the document ↗

Cera Sanitaryware Ltd: key numbers

Share price
₹4,897.40
Market cap
₹6,316 Cr
Revenue (annual)
₹2,050 Cr
Net profit (annual)
₹204.2 Cr
P/E (TTM)
31.2×Sector 43.7×
Promoter holding
54.41%+0.00% QoQ
FII holding
15.55%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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