KAJARIACERNSEKajaria Ceramics Limited· Consumer DurablesHighNeutral
Announced Tue, 6 May, 2025 · 14:04 IST

Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at their meeting held today, commenced at 12.30 p.m. and concluded at 1.55 p.m., have, inter-alia, considered and approved the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2025 together with Auditors Reports of the Statutory Auditors. Copies of the same are enclosed herewith.In compliance with the provisions of the Regulation 33(3)(d) of the Listing Regulations, we hereby declare that the Statutory Auditors - M/s Walker Chandiok & Co LLP, Chartered Accountants, have issued the Audit Reports with unmodified opinion on the Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended March 31, 2025.

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Price reactionminutes from the announcement price · days from the prior close
-3.1%Reaction day
₹824.00
prior close
₹802.50
announcement price
In-mkt
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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-2.2%-0.9% vs market
Ceramics peers, median of 10sector-1.5%-1.6% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Smallcap 250 and 1.6 pts less than its Ceramics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Kajaria Ceramics announced audited results for Q4 and FY ended March 31, 2025 with a clean (unmodified) audit opinion from Walker Chandiok & Co LLP. Standalone revenue grew modestly to Rs. 4,218.82 crores (vs Rs. 4,103.02 crores in FY24), but standalone PAT fell sharply to Rs. 204.14 crores from Rs. 381.45 crores, mainly due to a Rs. 112.38 crore exceptional charge for fully impairing its investment and loan in wholly-owned subsidiary Kajaria Plywood Pvt Ltd, which is being shut down by June 30, 2025 due to continued losses. Consolidated revenue rose to Rs. 4,635.07 crores with consolidated PAT of Rs. 300.02 crores (vs Rs. 432.16 crores). The Board recommended a final dividend of Rs. 4 per share, taking total FY25 dividend to Rs. 9 per share (vs Rs. 12 in FY24), aggregating Rs. 143.34 crores. The company also withdrew its Rs. 30 crore proposed investment in Kajaria Ultima and dismantled one old line at its Sikandrabad plant, reducing capacity from 11.40 MSM to 8.80 MSM. New Secretarial Auditor Chandrasekaran Associates was appointed for five years from FY26.

Likely market impact

Headline earnings look weak because of the one-time Rs. 112 crore plywood subsidiary write-off, but core ceramics business remains profitable with operating cash flow of Rs. 454.51 crores (standalone) and a clean audit. The exit from loss-making plywood, dividend payout, and capacity rationalisation signal focus on the core tiles business, though dividend cut from Rs. 12 to Rs. 9 per share and lower standalone operating margin vs FY24 may weigh on short-term sentiment.