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” Result PDF