NSE: KAJARIACER | BSE: 500233

Mid-range Performer

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974.50 0.20 (0.02%)

High vol. this week

NSE 26 Dec, 2025 3:31 PM (IST)

15,521.1

Market Cap

Market Leader

Beta 1Year

Very Low volatility

Analyst Buy

Emkay retains its 'Buy' call on Karajia Ceramics, expects a revenue CAGR of 7.7% over FY26-28 See details

Kajaria Ceramics Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for KAJARIACER, BSE:500233 Kajaria Ceramics Ltd.

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Kajaria Ceramics Ltd.

24 Dec 2025

974.50

0.02%

Strengthening of internal systems leads to fraud detection

Buy: Kajaria Ceramics Ltd.

Emkay

Kajaria Ceramics (KJC) has reported fraud in its step-down subsidiary Kerovit Global (Kerovit) following investigations; the Rs200mn fraud is substantial, considering that it is 13% of Kerovit’s total assets as of FY25.

Kajaria Ceramics Ltd. has an average target of 1317.78 from 9 brokers.

Kajaria Ceramics Ltd.

22 Dec 2025

974.50

0.02%

Focused on building a robust system and process-driven organization

Buy: Kajaria Ceramics Ltd.

Target

Motilal Oswal

Kajaria Ceramics (KJC) in an exchange filing disclosed a financial fraud conducted by Mr. Dilip Maliwal, CFO of Kerovit Global, a wholly-owned subsidiary of Kajaria Bathware and a step-down subsidiary of KJC.

Emkay released a Buy report for Kajaria Ceramics Ltd. with a price target of 1550.0 on 24 Dec, 2025.

Kajaria Ceramics Ltd.

17 Oct 2025

974.50

0.02%

Kajaria Ceramics: Q2FY26 Result Review

Hold: Kajaria Ceramics Ltd.

IDBI Capital

Kajaria Ceramics reported a broadly in-line Q2FY26 estimates on the revenue front, however profitability beat expectations on the back of sustained cost optimization measures. Consolidated revenue stood at Rs12bn, up just 1% YoY, reflecting continued weakness in tiles volume amid sluggish domestic demand. However, EBITDA rose sharply by 34% YoY to Rs2.1bn, aided by savings in packaging, procurement, and manpower costs, translating into a margin of 18% (+452bps). PAT came in at Rs1.3bn (+58% YoY). Management highlighted that short-term pain from the ongoing unification of sales and operations has...

Emkay released a Buy report for Kajaria Ceramics Ltd. with a price target of 1550.0 on 24 Dec, 2025.

Kajaria Ceramics Ltd.

17 Oct 2025

974.50

0.02%

Kajaria Ceramics (KJC IN) Q2FY26 Result Update Cost...

Hold: Kajaria Ceramics Ltd.

Target

Prabhudas Lilladhar

Number of FII/FPI investors increased from 187 to 197 in Sep 2025 qtr.

Kajaria Ceramics Ltd.

17 Oct 2025

974.50

0.02%

Kajaria Ceramics

Buy: Kajaria Ceramics Ltd.

Target

ICICI Direct

Cost rationalisation measures boost margins: We highlight the company has taken various measures including staff rationalisation, promoters forgoing salary, unification of sales and packaging re-engineering etc. to control cost, which has boosted operating margins. The company's cost optimization measures included the unification of sales and procurement functions for bulk purchasing, packaging re-engineering resulting in annual savings of 3035 crore, workforce rationalization, a hiring freeze, and stringent control over advertising expenditures. Management expects Profitability to improve on...

Kajaria Ceramics Ltd. average weekly volume is high.

Kajaria Ceramics Ltd.

16 Oct 2025

974.50

0.02%

Migrating toward a higher margin trajectory

Buy: Kajaria Ceramics Ltd.

Target

Emkay

We maintain BUY on Kajaria while raising our TP by ~7% to Rs1,550 (from Rs1,450). The company has delivered superior profitability with EBITDA margins significantly expanding by 450bps YoY/110bps QoQ in Q2FY26.

Emkay released a Buy report for Kajaria Ceramics Ltd. with a price target of 1550.0 on 24 Dec, 2025.

Kajaria Ceramics Ltd.

18 Aug 2025

974.50

0.02%

KAJARIA CERAMIC

Hold: Kajaria Ceramics Ltd.

Target

Geojit BNP Paribas

Kajaria reported a moderate financial performance, impacted by a challenging market environment, with domestic demand remaining sluggish. However, the company is optimistic about future growth, driven by potential export improvements, slightly better domestic demand and government initiatives. The integration of its divisions and efforts to optimise costs are expected to yield benefits. Although the integration is expected to improve margins and increase volume growth, sluggish demand may still pose a risk to the realisation of these benefits. Considering these factors, we...

Kajaria Ceramics Ltd. is trading below all available SMAs

Kajaria Ceramics Ltd.

23 Jul 2025

974.50

0.02%

Kajaria Ceramics: Q1FY26 Result Review

Hold: Kajaria Ceramics Ltd.

Target

IDBI Capital

Kajaria Ceramic Ltd.'s (Kajaria) Q1FY26 result was broadly in-line with our estimate on net sales front, however, margins were beat to our forecast. The company undertook various cost saving measures which resulted into betterment of operating margin. The management guided no major capex in near term as demand in domestic market remains subdued. Given uncertainty in the domestic market, the company refrained from giving earnings guidance for FY26. Net sales was marginally up by 0.6% YoY to Rs11bn, while EBITDA came in at Rs1.8bn, higher by 9.3% YoY. The company reported net profit of Rs1.1bn, up...

Emkay released a Buy report for Kajaria Ceramics Ltd. with a price target of 1550.0 on 24 Dec, 2025.

Kajaria Ceramics Ltd.

23 Jul 2025

974.50

0.02%

Kajaria Ceramics (KJC IN) Q1FY26 Result Update Cost...

Hold: Kajaria Ceramics Ltd.

Target

Prabhudas Lilladhar

We have revised our FY26/27 earnings estimates upward by 18.0%/13.1% mainly with improvement in margins on account of cost saving with distribution consolidation, integration of tiles divisions and the discontinuation of low margin tiles. We had downgraded our rating to HOLD' from Accumulate', we value the stock at 36x FY27E EPS to arrive at revised TP of Rs1,192 (earlier Rs 1,171). The management has refrained from providing guidance due to prevailing low demand conditions but expects to outperform...