Tile companies under our coverage – Kajaria Ceramics (KJC) and Somany Ceramics(SOMC) – reported in-line revenue growth of 9.4%-10.4% YoY (3-year CAGR of 13.6-13.8%) and flat volume growth YoY (3-year CAGR of ~8% each) on a high base in Q2FY23, aided by higher realisations.