KAJARIACERNSEKajaria Ceramics Limited· Ceramics And SanitarywareMediumNeutral
Announced Thu, 30 Apr · 15:09 IST

Kajaria Ceramics Limited has informed the Exchange regarding Appointment of M/s Ernst & Young LLP as Internal Auditor of the company w.e.f. April 01, 2026.

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KAJARIACER · price

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Price reaction · full curve 14 horizons · vs prior close
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₹1228.05
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₹1184.00
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AI summary

Kajaria Ceramics Board meeting held on April 30, 2026 approved multiple items. The Board appointed M/s Ernst & Young LLP (EY) as Internal Auditors for FY 2026-27. Full-year standalone net profit stood at Rs. 456.77 crores (vs Rs. 204.14 crores previous year), with consolidated net profit of Rs. 466.89 crores. Statutory auditors Walker Chandiok & Co LLP issued unmodified opinion. Total dividend recommended is Rs. 14 per share (Rs. 6 final + Rs. 8 interim already paid). The company also approved Rs. 210 crore expansion at Srikalahasti plant adding 10 MSM capacity by March 2027. Two subsidiary investments were approved: Rs. 45 crore subscription to Kerovit Global Private Limited preference shares and Rs. 50 crore acquisition of Kajaria Bathware Private Limited CCPS from WestBridge entity. Finally, a share buyback of up to 21.50 lakh shares at Rs. 1,380 per share (max Rs. 296.70 crore, representing 1.35% of capital) was approved, subject to shareholder and regulatory approvals; promoters will not participate.

Likely market impact

Strong financial performance with near doubling of profits, combined with shareholder-friendly actions like Rs. 14 dividend and Rs. 296.70 crore buyback at 15.7% premium signals confidence. Investment in subsidiaries and capacity expansion indicate growth focus.