Q2 FY27 revenue rises 27.4%, EBITDA margin declines to 12.2%
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Q2 FY27 revenue rose 27.4% year on year to Rs 603 crore; sanitaryware grew 24% and faucetware 38%. H1 revenue rose 23.7% to Rs 1,089 crore. EBITDA margin fell to 12.2% from 14.2% due to higher brass and gas costs, despite improving 210 basis points from Q1; PAT was Rs 56 crore. Management maintained FY27 revenue growth guidance of 18% to 20% and EBITDA margin guidance of 13% to 14%, with pricing and cost actions supporting H2 improvement.
Strong sales growth supports sentiment, but cost pressure and lower margins hurt earnings. Pricing and cost savings may lift H2 FY27 profitability.