Kajaria Ceramics Reports 20% Consolidated Revenue Growth in Q1 FY27 Amid Expansion Plans and Buyback Completion
Kajaria Ceramics Ltd. reported consolidated revenue growth of 20% for the first quarter of Fiscal Year 2027 (Q1 FY27), reaching Rs. 1328.08 crores, driven primarily by price increases. The company maintained an EBITDA margin of 19.60%.The company announced that it has completed a buyback of 21,50,000 equity shares at ₹1,380 per share, totaling Rs. 296.70 crore.
In terms of operational growth and future planning, Kajaria Ceramics is focused on capacity enhancement across its facilities. A brownfield expansion project for 10 MSM capacity of Glazed Vitrified Tiles was approved at the Srikalahasti manufacturing facility. Additionally, plans are in place to set up a further 11 MSM line at the Gailpur (Rajasthan) facility to produce cost-effective, high-quality products.
Financial Performance Highlights
The consolidated financial results showed steady performance across various metrics. For Q1 FY27, the company reported a consolidated revenue of Rs. 1328.08 crores, compared to Rs. 1104.33 crores in the corresponding quarter of Q1 FY26, representing a 20% growth. The EBITDA margin stood at 19.60%.The financial performance summary is detailed below:
| Metric | Q1 FY27 (Consolidated) | Q1 FY26 (Consolidated) | Growth (YoY) |
|---|---|---|---|
| Total Sales | Rs. 1,328.08 crores | Rs. 1,104.33 crores | 20% |
| EBITDA | Rs. 260.33 crores | Rs. 184.63 crores | 41% |
| EBITDA Margin | 19.60% | 16.72% | N/A |
Manufacturing Capacity and Operations
Kajaria Ceramics is a major manufacturer of ceramic and vitrified tiles in India, with a total annual capacity of 82.70 million square meters (MSM) across eight plants. This capacity includes products ranging from Ceramic Wall & Floor Tiles to Glazed Vitrified Tiles.The company's manufacturing presence is spread across several locations:
| Plant Location | Ceramic Wall & Floor Tiles Capacity (MSM) | Polished Vitrified Tiles Capacity (MSM) | Glazed Vitrified Tiles Capacity (MSM) | Total Capacity (MSM) |
|---|---|---|---|---|
| Gailpur (Rajasthan) | 17.75 | - | 18.20 | 35.95 |
| Morbi (Gujarat) | - | 8.90 | 9.00 | 17.90 |
| Srikalahasti (AP) | - | - | 8.80 | 8.80 |
| Malootana (Rajasthan) | - | 6.50 | - | 6.50 |
| Balanagar (Telangana) | 4.75 | - | - | 4.75 |
| Total | 22.50 | 15.40 | 44.80 | 82.70 |
Subsidiary and Segment Updates
The company operates through various divisions, including vitrified tiles, bathware, and adhesive segments. Key updates across subsidiaries include:- Kajaria Vitrified Pvt. Ltd. (Morbi, Gujarat): Operates with an annual capacity of 8.90 MSM of polished vitrified tiles and operated at optimum capacity during Q1 FY27.
- Kajaria Infinity Pvt. Ltd. (Morbi, Gujarat): Has an annual capacity of 2.70 MSM (reduced from 5.70 MSM) of glazed vitrified tiles and also operated at optimum capacity.
- South Asian Ceramics Tiles Pvt. Ltd. (Telangana): Holds a 59.50% stake and has an annual production capacity of 4.75 MSM ceramic floor tiles, operating at 95% during Q1 FY27.
- Kajaria Surfaces Pvt. Ltd. (Morbi, Gujarat): A wholly owned subsidiary with an annual capacity of 6 MSM of glazed vitrified tiles, which operated at 91%.
- Kajaria Bathware (P) Ltd. (KBPL): The company holds an 85% stake in the sanitaryware segment and operates at 81% capacity. The faucet facility in Gailpur (Rajasthan) has a capacity of 1.60 million pieces per annum and operated at 90%.
- Kajaria International FZCO: This wholly owned subsidiary, established for international expansion, closed down its UK operation due to high running expenses in that market.
- Kajaria Ramesh Tiles Ltd. (KRTL): A 50% joint venture with individuals affiliated with Ramesh Corp, Nepal, has an annual production capacity of 5.10 MSM floor and wall tiles and operated at 89% in Q1 FY27.
In addition to tile manufacturing, the company maintains a significant adhesive segment operation. Kajaria Adhesive Private Limited (KAPL), a wholly owned subsidiary, has set up a new facility in Erod, Tamil Nadu, with a capacity of 9000 MT per month, operational since May 2026.
KAJARIACER Stock Price Movement
As of 2:55 PM, shares of Kajaria Ceramics Limited are climbing strongly in live trading, with the stock currently valued at ₹1204.9 after gaining 1.08%. The company saw robust market interest today, as over 730,621 shares were traded during the active session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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