Kajaria Ceramics share price in focus: In Q4 FY26, the company’s consolidated revenue increased by 12 per cent to Rs 1373 crores, compared to the corresponding quarter last year. EBITDA margin for Q4 FY26 stood at 19.19 per cent. Goldman Sachs has maintained a buy rating with an upside target price of 9%. Here’s why:
1. The company navigated recent geopolitical events and emerged stronger with market share gains seen as structural rather than temporary.
2. Product mix shift from ceramic to glazed vitrified tiles segment, commanding a premium supporting margin improvement.
3. Gas price moderation expected in FY28 after remaining elevated in FY27.
4. FY27 and FY28 earnings estimates raised 4-5% on product mix improvement and gas price assumptions.
Kajaria Ceramics is India’s largest and the world’s 8th largest manufacturer of ceramic and vitrified tiles. Headquartered in New Delhi, the company produces nearly 90 million square meters of premium tiles annually across nine manufacturing plants in India and Nepal, offering over 4,000 design and finish options.
Kajaria Ceramics Q4 results
Kajaria Ceramics reported a strong March quarter performance on April 30, with profitability surging and margins expanding sharply, even as its shares came under pressure following the announcement of a share buyback.
Net profit more than tripled to Rs 156 crore from Rs 43 crore a year ago, while revenue rose 12% year-on-year to Rs 1,373 crore. Operating performance was notably strong, with EBITDA jumping 90% to Rs 263 crore, leading to a sharp expansion in margins to 19.16% from 11.33% in the year-ago period.
Alongside the results, the board approved a share buyback worth up to Rs 297 crore via the tender route. The company plans to repurchase up to 21.5 lakh shares, or around 1.35% of its equity, at a price of Rs 1,380 per share, representing a 12% premium to Wednesday’s closing price. The buyback is aimed at enhancing shareholder value and optimising capital allocation, subject to shareholder approval.
Kajaria Ceramics dividend 2026
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
