Industry tailwinds and gas price reduction to benefit

Company
19 Mar 2024
5 Min read 
  • Kajaria Ceramics is expected to benefit from strong demand in the real estate sector and increased construction activity.
  •  The company's average energy price is down 7% compared to the previous quarter.
  •  Kajaria Ceramics has expanded its tiles manufacturing capacity and is investing in other segments like bathware and plywood.
  •  The company's earnings estimates for FY25-26 remain unchanged, but 4QFY24 margins are expected to be better than previously estimated.
  •  Kajaria Ceramics has a strong distribution network and is expected to achieve higher-than-industry volume growth.
  •  The stock is currently trading at an attractive valuation and has strong return ratios.
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