The company enjoys industry leading margins and returns ratios. Q3FY26 Performance: Kajaria reported a muted topline of 1,168 crore, up 1.1% YoY. Tile sales volumes were at 28.9 MSM, flattish YoY with tile revenues down by 1% YoY to 1030 crore. EBITDA at 201.2 crore, was up 31.2% YoY, with margins up 395 bps YoY to 17.2%, albeit down 78 bps QoQ, because of ~240 bps lower realisation due to discounts provided to reduce SKUs. There were two exceptional items ( 19.4 crore for fraud case and 18.3 crore for labour code provision) amounting 39.6 crore and reported PAT was at 87.7 crore, up 12.9% YoY and...