Cera Sanitaryware Ltd. News and Updates

Name: Latest research reports of Cera Sanitaryware Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Cera Sanitaryware Ltd.
Rating: 3
Author: ICICI Securities Limited

Keep track of all breaking news on Cera Sanitaryware Ltd. from all sources in a single place.

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Cera Sanitaryware Ltd.

02 Nov 2023

5638.80

-1.50%

In-line quarter; co guides for a stronger H2FY24

Hold: Cera Sanitaryware Ltd.

ICICI Securities Limited

In Q2FY24, Cera Sanitaryware (CRS) reported consolidated revenue growth of 11.5% YoY with sanitaryware / faucetware segments growing 4.3%/15.7% YoY, while tiles increasing ~34% YoY. EBITDA margin improved 16bps YoY (+8bps QoQ), while gross margin shrank 296bps YoY (-197bps QoQ) due to RM pressure, whereas employee/other expenses dipped 76bps/236bps YoY, resulting in EBIDTA/APAT growth of 12.6%/14.4% YoY, respectively.

Cera Sanitaryware Ltd. is trading below its 50 day SMA of 6018.5

Cera Sanitaryware Ltd.

01 Nov 2023

5638.80

-1.50%

Cera Sanitaryware Share Price Live blog for 01 Nov 2023

livemint

Cera Sanitaryware stock price went down today, 01 Nov 2023, by -0.13 %. The stock closed at 8518.1 per share. The stock is currently trading at 8507 per share. Investors should monitor Cera Sanitaryware stock price closely in the coming days and weeks to see how it reacts to the news.

Cera Sanitaryware Ltd. has lost -30.59% in the last 6 Months

Cera Sanitaryware Ltd.

26 Sep 2023

5638.80

-1.50%

Hold Cera Sanitaryware; target of Rs 8262: ICICI Securities

Moneycontrol

ICICI Securities recommended hold rating on Cera Sanitaryware with a target price of Rs 8262 in its research report dated September 23, 2023.

Cera Sanitaryware Ltd. is trading below its 50 day SMA of 6018.5

Cera Sanitaryware Ltd.

23 Sep 2023

5638.80

-1.50%

Near-term demand tepidness, 2HFY24 to be much better

Hold: Cera Sanitaryware Ltd.

Target

ICICI Securities Limited

We recently interacted with the management of Cera Sanitaryware (CRS). Key takeaways: 1) Demand scenario in Q2- TD has been tepid as higher overall inflationary conditions have resulted in some temporary slackness. CRS expects demand to be much stronger in H2FY24 and has reiterated its ~20% YoY revenue growth guidance for FY24.

Cera Sanitaryware Ltd. has lost -21.60% in the last 3 Months

Cera Sanitaryware Ltd.

18 Sep 2023

5638.80

-1.50%

Associated Cera Standalone June 2023 Net Sales at Rs 7.99 crore, down 16.61% Y-o-Y

Moneycontrol

Cera Sanitaryware Ltd. is trading below its 50 day SMA of 6018.5

Cera Sanitaryware Ltd.

09 Aug 2023

5638.80

-1.50%

Hot Stocks | Bet on J Kumar Infraprojects, Prudent Corporate Advisory, Cera Sanitaryware for 12-15% return

Moneycontrol

Prudent Corporate Advisory Services is in a classical up move as it has given a breakout of Triangle formation with huge volume.

Cera Sanitaryware Ltd. has lost -21.60% in the last 3 Months

Cera Sanitaryware Ltd.

07 Aug 2023

5638.80

-1.50%

Hold Cera Sanitaryware; target of Rs 8224: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher recommended hold rating on Cera Sanitaryware with a target price of Rs 8224 in its research report dated August 04, 2023.

Cera Sanitaryware Ltd. has lost -21.60% in the last 3 Months

Cera Sanitaryware Ltd.

07 Aug 2023

5638.80

-1.50%

Growth pace softens due to subdued performance, outlook remains resilient

Hold: Cera Sanitaryware Ltd.

Target

Bonanza

Cera Sanitaryware reported a muted performance, slightly missing our estimates. It registered a Revenue growth of 8% to ? 428.9 Cr led by healthy replacement demand, with Sanitaryware / Faucetware / Tiles divisions growing at 6% / 11% / 8% respectively. The EBITDA / PAT witnessed a robust growth by 38% / 42% respectively, with EBITDA / PAT margins expanding by 431bps / 318bps at 20% / 13.2% respectively owing to the easing prices of Raw materials.

Cera Sanitaryware Ltd. is trading above its 30 day SMA of 5582.9

Cera Sanitaryware Ltd.

05 Aug 2023

5638.80

-1.50%

Muted quarter; outlook remains healthy

Hold: Cera Sanitaryware Ltd.

Target

ICICI Securities Limited

In Q1FY24, Cera Sanitaryware (CRS) reported consolidated revenue growth of 8% YoY with sanitaryware/faucetware segments growing ~7%/8% YoY, while tiles revenue grew 11% YoY. Operating margin expanded 59bps YoY (flat QoQ) due to lower raw material cost (-133bps/-140bps YoY/QoQ), partly negated by higher employee expenses (+92bps YoY), resulting in EBIDTA/APAT growth of 12%/43% YoY, respectively.