NSE: KAJARIACER | BSE: 500233

Mid-range Performer

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1202.70 -14.50 (-1.19%)

38.30% Gain from 52W Low

203.8K NSE+BSE Volume

NSE 18 Sep, 2026 3:31 PM (IST)

19,158.2

Market Cap

Market Leader

Beta 1Year

Average volatility

Dividend

Kajaria Ceramics has an upcoming dividend of ₹6.000 per share due on 21 Sep 2026 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.

31 Jul 2026

1202.70

-1.19%

Strong guidance; execution is the key

Buy: Kajaria Ceramics Ltd.

Target

Motilal Oswal

Kajaria Ceramics (KJC) reported a strong quarter with a 20%/39%/56% YoY increase in revenue/EBITDA/APAT, ahead of our estimates by 10-27%. This was despite a subdued tile volume growth of 6% YoY vs. 8% estimated, impacted by lower production amid gas unavailability issues.

Kajaria Ceramics has gained 25.88% in the last 6 Months

Kajaria Ceramics Ltd.

02 Jun 2026

1202.70

-1.19%

Kajaria Ceramics

Buy: Kajaria Ceramics Ltd.

Target

ICICI Direct

The company enjoys industry leading margins and returns ratios. Q4FY26 Performance: Kajaria Ceramics delivered a robust quarterly performance, with revenue up 12.4% YoY to 1,373.4 crore, supported by an 11% YoY rise in tile sales volumes to 33.5 MSM, resulting in 11.4% increase in tile revenue at 1,212.6 crore. The company's focus on cost optimization and improved sales growth led to a 786-bps expansion in EBITDA margins to 19.2%, resulting in a 90.4% YoY surge in EBITDA at 264 crore. This PAT at 155.7 crore, was up 266.3% YoY, driven volume growth recovery and operating leverage led margins expansion. It included...

Kajaria Ceramics Ltd. is trading above its 200 day SMA of 1087.0

Kajaria Ceramics Ltd.

04 May 2026

1202.70

-1.19%

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

Kajaria Ceramics has gained 25.88% in the last 6 Months

Kajaria Ceramics Ltd.

04 May 2026

1202.70

-1.19%

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 increased from 198 to 209 in Jun 2026 qtr.

Kajaria Ceramics Ltd.

01 May 2026

1202.70

-1.19%

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%).

Kajaria Ceramics has gained 25.88% in the last 6 Months

Kajaria Ceramics Ltd.

30 Apr 2026

1202.70

-1.19%

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 1264.62 from 8 brokers.

Kajaria Ceramics Ltd.

30 Mar 2026

1202.70

-1.19%

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 1264.62 from 8 brokers.

Kajaria Ceramics Ltd.

26 Feb 2026

1202.70

-1.19%

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 increased from 198 to 209 in Jun 2026 qtr.

Kajaria Ceramics Ltd.

02 Feb 2026

1202.70

-1.19%

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 increased from 198 to 209 in Jun 2026 qtr.

Is Kajaria Ceramics Ltd. worth buying?

185 Votes:

Buy 78.92%

Sell 15.14%

Hold 5.95%

RESEARCH REPORTS

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