Analyst Meet / AGM 15-Jul-16
Conference Call
CERA Sanitaryware
Target to maintain 16-17% EBITDA margin in current fiscal
The company has conducted a conference call on 14 July 2016 to discuss the financial performance for the firstquarter ended June 2016and way forward. Mr. Bharat Mody, strategic advisor of the Companyaddressed the conference call.
Key highlights
Bathroom products maker CeraSanitarywarehas reported a 36.59 per cent increase in standalone net profit at Rs 21.39 crore for the quarter ended June.Its standalone net sales rose 12.18 per cent to Rs 223.94 crore during the quarter under review.
The Company registered a growth of ~12% (volume and value together) in Q1FY17. The Company clocked ~ 50% of business from sanitary ware division and ~13% from allied products which used with sanitary ware, ~3% from faucets, 14% from tiles and rest is from wellness range of products. On segment wise sales growth, sanitary ware division registered a growth of 12.85%, faucets at 9.35%, and tiles at ~19%.
The Company plans to maintain advertisement expense of 4-4.5% of topline.
The Company revenue guides to maintain same growth this year for current fiscal. The company guides EBITDA margin at around 16-17% in current fiscal.
The Company joint venture with Anjani Tiles (manufacturer of high-quality ceramic vertified tiles in Andhra Pradesh)has started commercial production from April 2016. It's reached a capacity utilization of 90% in June. The Company expects turnover of ~Rs 95-100 crore from Anjani Tiles in current fiscal.
The company expects demand growth comes for government affordable housing scheme, higher disposable income in the hands of both urban and rural population on account of good monsoons, smart cities, and the implementation of the 7th Pay Commission.
Previous News
Cera Sanitaryware receives reaffirmation in credit ratings from CRISIL
( Corporate News - 11-Jul-24 14:16 )
Cera Sanitaryware receives affirmation in credit ratings
( Corporate News - 21-Sep-23 15:39 )
Cera Sanitaryware consolidated net profit rises 30.45% in the December 2022 quarter
( Results - Announcements 02-Feb-23 14:14 )
Cera Sanitaryware consolidated net profit rises 14.90% in the March 2022 quarter
( Results - Announcements 10-May-22 14:17 )
Volumes spurt at Cera Sanitaryware Ltd counter
( Hot Pursuit - 24-Nov-22 14:30 )
Board of Cera Sanitaryware recommends final dividend
( Corporate News - 10-May-22 18:06 )
Cera Sanitaryware to conduct board meeting
( Corporate News - 24-Aug-21 12:13 )
Cera Sanitaryware consolidated net profit declines 15.84% in the June 2019 quarter
( Results - Announcements 01-Aug-19 18:00 )
Cera Sanitaryware to table results
( Corporate News - 23-Jun-20 17:08 )
Cera Sanitaryware to convene board meeting
( Corporate News - 24-Jan-23 11:33 )
Cera Sanitaryware provides update on subsidiary
( Corporate News - 20-Jun-16 19:36 )
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