Subdued performance in H1FY17 but expecting higher sales growth inH2FY17E: Kajaria Ceramics showed subdued financial performance in Q2FY17. In Q2FY17, the company posted a revenue growth of 3.2% on a YoY basis at Rs.6301 Mn compared to Q2FY16 of Rs.6104Mn. The management has guided and expecting a 10% volume growth in H2FY17E revenues. They said the demand was sluggish in the months of July and August but picking up from September month anticipating festive season ahead.