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.

05 Aug 2023

5393.50

-0.36%

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.

Cera Sanitaryware Ltd. has lost -32.56% in the last 6 Months

Cera Sanitaryware Ltd.

04 Aug 2023

5393.50

-0.36%

Cera Sanitaryware: Q1FY24 Result Review

Hold: Cera Sanitaryware Ltd.

Recommendation Target

IDBI Capital

Cera Sanitaryware Ltd. has lost -25.04% in the last 1 Year

Cera Sanitaryware Ltd.

03 Aug 2023

5393.50

-0.36%

to see Rapid results content

Cera Sanitaryware Ltd.

04 Jul 2023

5393.50

-0.36%

Cera Sanitaryware Why the caution despite stupendous growth?

Moneycontrol

Growth prospects for FY24 appear muted due to capacity constraints in sanitaryware, its largest business vertical

Cera Sanitaryware Ltd. is trading below all available SMAs

Cera Sanitaryware Ltd.

03 Jul 2023

5393.50

-0.36%

Associated Cera Standalone March 2023 Net Sales at Rs 18.78 crore, up 112.67% Y-o-Y

Moneycontrol

Cera Sanitaryware Ltd. has lost -32.56% in the last 6 Months

Cera Sanitaryware Ltd.

31 May 2023

5393.50

-0.36%

Associated Cera Standalone March 2023 Net Sales at Rs 18.78 crore, up 112.67% Y-o-Y

Moneycontrol

Cera Sanitaryware Ltd. has lost -21.68% in the last 3 Months

Cera Sanitaryware Ltd.

25 May 2023

5393.50

-0.36%

On a high growth path

Hold: Cera Sanitaryware Ltd.

ICICI Securities Limited

CRS plans to continue operating in primarily three segments i.e sanitaryware, faucetware and tiles and has no plans to diversify into newer areas as of now. The focus of the company will mainly remain on sanitaryware and faucetware segments.

Cera Sanitaryware Ltd. is trading below all available SMAs

Cera Sanitaryware Ltd.

15 May 2023

5393.50

-0.36%

“Stellar performance, premium valuations”

Hold: Cera Sanitaryware Ltd.

Recommendation Target

Bonanza

Cera delivered an impressive set of numbers for quarter ended Mar’23 with Revenue growth of 20.9% YoY led by robust growth in the Sanitaryware and Faucetware by 18% and 29% respectively. The EBITDA recorded a healthy growth by 29% at ? 114 Cr during Q4FY23 over ? 88.28 Cr in Q3FY23.

Cera Sanitaryware Ltd. is trading below all available SMAs

Cera Sanitaryware Ltd.

12 May 2023

5393.50

-0.36%

Cera Sanitaryware zooms 8% as company logs highest-ever sales revenue in Q4

Business Standard

The management said it focused on driving an improved product mix with new products comprising products to aid revenue growth

Cera Sanitaryware Ltd. has lost -32.56% in the last 6 Months

Cera Sanitaryware Ltd.

12 May 2023

5393.50

-0.36%

Good operational performance; outlook remains healthy

Accumulate: Cera Sanitaryware Ltd.

Target

ICICI Securities Limited

Cera Sanitaryware (CRS) has reported better than expected consolidated revenue growth of 20.9% YoY (4-year CAGR of 6.3%) to ~Rs5.3bn (+16.3% QoQ) on a low base with sanitaryware/faucetware revenue growing 18%/29% YoY, while tiles revenue grew 14% YoY in Q4FY23.