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.

04 May 2026

1047.60

-1.58%

Kajaria Ceramics (HOLD): Margin-led beat as demand recovers

Hold: Kajaria Ceramics Ltd.

Target

BOB Capital Markets Ltd.

Revenue grew 12% YoY, led by 11% volume growth. Margins expand sharply (+786 bps YoY), owing to cost optimisation

IDBI Capital increased Buy price target of Kajaria Ceramics Ltd. to 1370.0 on 04 May, 2026.

Kajaria Ceramics Ltd.

04 May 2026

1047.60

-1.58%

Kajaria Ceramics: Q4FY26 Result Review

Buy: Kajaria Ceramics Ltd.

Target

IDBI Capital

Kajaria Ceramics' Q4FY26 result was in-line with our estimate on net sales front, while margins were beat to our forecast. Despite challenging times on subdued demand and increased gas prices, the company managed to report healthy earnings, aided by volume growth. The management guided that the sales volume growth of 11% in Q4FY26 was on account of the sales unification and realignment of the team. Consolidated revenue stood at Rs13.7bn, a healthy growth of 12.4% YoY, while EBITDA was at Rs2.6bn, higher by 90.4% over Q4FY25. Consequently, EBITDA margin improved by 786bps YoY to 19.2%. The...

Number of FII/FPI investors decreased from 209 to 198 in Mar 2026 qtr

Kajaria Ceramics Ltd.

01 May 2026

1047.60

-1.58%

Healthy performance on a low base; outlook however is uncertain

Sell: Kajaria Ceramics Ltd.

Recommendation Target

ICICI Securities Limited

Kajaria Ceramics (KJC) reported 12.4% YoY consol. revenue growth in Q4FY26, as tiles volume grew 11.3% YoY on a low base (15.7% QoQ; 7-year CAGR of 5.8%).

IDBI Capital increased Buy price target of Kajaria Ceramics Ltd. to 1370.0 on 04 May, 2026.

Kajaria Ceramics Ltd.

30 Apr 2026

1047.60

-1.58%

Strong 4QFY26 performance likely to moderate

Buy: Kajaria Ceramics Ltd.

Target

Motilal Oswal

Kajaria Ceramics (KJC) reported a healthy quarter, with an 11-12% YoY rise in tile volume and revenue owing to business unification efforts and reduced competition amid severe gas availability issues in Morbi.

Kajaria Ceramics Ltd. has an average target of 1223.62 from 8 brokers.

Kajaria Ceramics Ltd.

30 Mar 2026

1047.60

-1.58%

Kajaria Ceramics (KJC IN) Management Meet Update Market share gains amid industry disruption BUY

Buy: Kajaria Ceramics Ltd.

Recommendation Target

Prabhudas Lilladhar

We interacted with the management of Kajaria Ceramics (KJC), wherein they highlighted a gradual recovery in Q4FY26 led by 78% volume growth, supported by channel destocking and normalization of operations. Supply disruptions in Morbi (gas issues and shutdowns) have created a market share gain opportunity, aided by low...

Kajaria Ceramics Ltd. has an average target of 1223.62 from 8 brokers.

Kajaria Ceramics Ltd.

26 Feb 2026

1047.60

-1.58%

KAJARIA CERAMIC

Hold: Kajaria Ceramics Ltd.

Target

Geojit BNP Paribas

*over or under performance to benchmark index Kajaria delivered resilient operational performance in Q3FY26, due to efficient margins and strategic improvements. 'Kajaria 2.0' emphasises SKU rationalisation to improve plant efficiency, shift toward value-added products through the conversion of manufacturing facilities and tighter go-to-market model via dealer unification that enables cross-selling across product verticals. But sluggish demand, increased freight rates and ongoing geopolitical issues are concerns. Hence, we reiterate our...

Number of FII/FPI investors decreased from 209 to 198 in Mar 2026 qtr

Kajaria Ceramics Ltd.

02 Feb 2026

1047.60

-1.58%

Kajaria Ceramics: Q3FY26 Result Review

Buy: Kajaria Ceramics Ltd.

Recommendation Target

IDBI Capital

Kajaria Ceramics' Q3FY26 result was in-line with our estimate on net sales and EBITDA front, while net profitability was lower on account of exceptional loss of Rs396mn. In terms of sales volume, the market scenario was weak and also the company did de-stocking of inventory at the dealer's end, leading to no growth of tiles volume. Consolidated revenue stood at Rs11.6bn, up just 1.1% YoY, while EBITDA was at Rs2bn, higher by 31.2% over Q3FY25. Consequently, EBITDA margin improved by 395bps YoY to 17.2%. The company reported net profit of Rs0.8bn, marginally up by 1.8% YoY. Management guided that January...

Number of FII/FPI investors decreased from 209 to 198 in Mar 2026 qtr

Kajaria Ceramics Ltd.

02 Feb 2026

1047.60

-1.58%

Kajaria Ceramics

Buy: Kajaria Ceramics Ltd.

Target

ICICI Direct

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...

IDBI Capital increased Buy price target of Kajaria Ceramics Ltd. to 1370.0 on 04 May, 2026.

Kajaria Ceramics Ltd.

31 Jan 2026

1047.60

-1.58%

Kajaria Ceramics (HOLD): Margins hold firm amid demand slump

Hold: Kajaria Ceramics Ltd.

Target

BOB Capital Markets Ltd.

Tiles sales decline led by flat volume growth YoY and realisations decline of 1% YoY; margins expand ~4pp YoY on cost measures

IDBI Capital increased Buy price target of Kajaria Ceramics Ltd. to 1370.0 on 04 May, 2026.

Kajaria Ceramics Ltd.

31 Jan 2026

1047.60

-1.58%

Weakness persists; gradual revival in volume likely

Buy: Kajaria Ceramics Ltd.

Target

Motilal Oswal

Kajaria Ceramics (KJC) reported another soft quarter, with flat tile volume and revenue owing to weak demand conditions and intense competition. Bathware and Adhesives revenue grew 9% and 72% YoY, respectively.

Kajaria Ceramics Ltd. is trading below its 30 day SMA of 1120.6

Is Kajaria Ceramics Ltd. worth buying?

184 Votes:

Buy 78.8%

Sell 15.22%

Hold 5.98%

RESEARCH REPORTS

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