Kajaria Ceramics reported flat revenue at ₹1168.26 crores for Q3 FY26. However, profit before tax surged by 49% to ₹165.12 crores. EBITDA margin increased to 17.20%, up from 12.78% in the corresponding quarter last year. The company converted a unit in Gailpur to produce Glazed Vitrified Tiles, aligning with market demand for value-added products. Kajaria remains confident about future value creation.
Financial Performance – Q3 FY26
In Q3 FY26, Kajaria Ceramics’ consolidated revenue remained relatively flat at ₹1168 crores, compared to the same quarter last year. This is mainly attributed to stagnant tiles volume and the cessation of ply sales due to the division’s closure. Despite this, the EBITDA margin for Q3 FY26 reached 17.20%, marking an increase of 442 bps compared to 12.78% in the corresponding quarter of the previous year.
EBITDA experienced a sequential decrease of 74 bps compared to Q2 FY26, primarily due to reduced sales realization stemming from discounts offered to streamline SKUs.
Production and Capacity Adjustments
The company’s Gailpur plant has been adapted to shift one unit with a capacity of 9.10 msm p.a. from producing Ceramic Floor Tiles to Glazed Vitrified Tiles. This strategic move aims to focus on higher value-added products in response to prevailing market demands.
Tile Volume Data (Consolidated)
- Production Growth (MSM) – Q3 FY26: Down 5% YOY
- Sales Growth (MSM) – Q3 FY26: YOY Flattish
- Production Growth (MSM) – 9M FY26: Down 3% YOY
- Sales Growth (MSM) – 9M FY26: Up 1% YOY
Profitability (Consolidated)
- PBT*: ₹165.12 Crores (Up 49% YOY)
- PAT: ₹87.72 Crores (Up 13% YOY)
Subsidiary Updates
Kajaria continues to manage and optimize its subsidiary operations:
- Kajaria Vitrified Pvt. Ltd.: Operated at optimum capacity during Q3 FY26.
- Kajaria Infinity Pvt. Ltd.: Operated at optimum capacity during Q3 FY26.
- South Asian Ceramics Tiles Pvt. Ltd.: Operated at 78% during Q3 FY26.
- Kajaria Surfaces Pvt. Ltd.: Operated at optimum capacity during Q3 FY26. The board approved further investment to acquire remaining 10% shares.
- Kajaria Bathware (P) Ltd. (KBPL): Operates sanitaryware and faucet facilities.
- Kajaria Ramesh Tiles Limited – KRTL: Plant has operated at ~44% in Q3 FY26.
Source: BSE
