Can Cera Sanitaryware’s growth recovery continue?

Cera Sanitaryware reported double-digit revenue growth of 11% YoY in Q4FY26 and Q3FY26, marking a turnaround driven by improving retail demand and disruptions in the Morbi cluster eroding smaller competitors' cost advantage. The company has guided for 18-20% revenue growth and 50-100 bps EBITDA margin expansion in FY27, supported by 7-8% sanitaryware volume growth, 10-12% faucetware volume growth, and recent price hikes of 12-16%. Cera is expanding faucetware capacity from 4.3 lakh to 5 lakh pieces per month, evaluating a Rs150 crore greenfield sanitaryware plant, and scaling premium brands Senator and Polipluz, which could contribute Rs70-80 crore in FY27 revenue versus Rs19 crore in FY26.