5521.00
2.21%
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 at high day volume of 145.8K.
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