Key Decisions and Financial Results

1. Approval of Financial Results

  • The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026.
  • The results were reviewed by the statutory auditors, Walker Ghandiok & Co LLP.

2. Declaration of Interim Dividend

  • Approved an Interim Dividend of ₹12 per equity share of face value Re. 1 each for FY 2026-27.
  • The Record Date for determining entitlement is Thursday, October 29, 2026.
  • The payment of the dividend will be made on or before November 22, 2026.

3. Capacity Expansion - Srikalahasti, Andhra Pradesh

  • Existing Capacity: 8.80 MSM Glazed Vitrified Tiles per annum (100% utilized).
  • Proposed Addition: 12.50 MSM Glazed Vitrified Tiles per annum.
  • Estimated Investment: Revised to ₹340 Crores (from ₹210 crores mentioned in an earlier letter dated April 30, 2026).
  • Completion Timeline: Expected by June 2027.
  • Mode of Financing: Internal accruals / Banks (mainly LC).
  • Rationale: To cater to the southern market in India.

4. Capacity Expansion - Gailpur, Rajasthan

  • Existing Capacity: 35.95 MSM Tiles per annum (100% utilized).
  • Proposed Addition: 11 MSM Tiles per annum.
  • Estimated Investment: ₹180 Crores.
  • Completion Timeline: Expected by April 2027.
  • Mode of Financing: Internal accruals / Banks (mainly LC).
  • Rationale: To meet demand in the northern market in India.

5. New Manufacturing Facility - Durgapur, West Bengal

  • Product: Tiles adhesive.
  • Proposed Capacity: 9000 MT per month.
  • Existing Adhesive Capacity (at Gailpur): 9000 MT per month (71% utilized).
  • Estimated Investment: ₹34 Crores.
  • Completion Timeline: Expected to be set up by December 2027.
  • Mode of Financing: Internal accruals / Banks (mainly LC).
  • Rationale: To feed the Eastern India market for tile adhesive.

Detailed Financial Performance (Standalone)

Quarter Ended September 30, 2026 (Q2 FY27)

  • Revenue from Operations: ₹1,331.90 crores (Q2 FY26: ₹1,079.09 cr; Q1 FY27: ₹1,190.08 cr)
  • Total Income: ₹1,355.27 crores
  • Profit Before Exceptional Items and Tax: ₹229.41 crores
  • Exceptional Items: ₹(5.09) crores
  • Profit Before Tax: ₹224.32 crores
  • Tax Expense: ₹58.04 crores
  • Profit for the Period (Net Profit): ₹166.28 crores (Q2 FY26: ₹120.72 cr; +37.7% YoY)
  • Earnings Per Share (Basic): ₹10.55 (Q2 FY26: ₹7.58)
  • Earnings Per Share (Diluted): ₹10.52 (Q2 FY26: ₹7.57)

Half Year Ended September 30, 2026 (H1 FY27)

  • Revenue from Operations: ₹2,521.98 crores (H1 FY26: ₹2,086.41 cr)
  • Profit Before Tax: ₹433.72 crores (after exceptional items of ₹5.09 cr)
  • Profit for the Period (Net Profit): ₹322.05 crores (H1 FY26: ₹220.39 cr)
  • Earnings Per Share (Basic): ₹20.33 (H1 FY26: ₹13.84)

Key Balance Sheet Items (Standalone) as of September 30, 2026

  • Paid-up Equity Share Capital: ₹15.71 crores (March 31, 2026: ₹15.93 cr, reduction due to buyback)
  • Other Equity: ₹2,819.33 crores (March 31, 2026: ₹2,883.37 cr)
  • Total Assets: ₹3,715.37 crores (March 31, 2026: ₹3,563.00 cr)
  • Inventories: ₹314.18 crores
  • Trade Receivables: ₹612.51 crores
  • Cash and Cash Equivalents: ₹11.18 crores (March 31, 2026: ₹42.75 cr)

Detailed Financial Performance (Consolidated)

Quarter Ended September 30, 2026 (Q2 FY27)

  • Revenue from Operations: ₹1,468.26 crores
  • Profit Before Tax (continuing operations): ₹255.05 crores
  • Profit for the Period (Net Profit): ₹190.72 crores
  • Earnings Per Share (Basic) - continuing operations: ₹12.03
  • Earnings Per Share (Basic) - total: ₹12.02

Half Year Ended September 30, 2026 (H1 FY27)

  • Revenue from Operations: ₹2,796.34 crores
  • Profit for the Period (Net Profit): ₹361.75 crores
  • Earnings Per Share (Basic) - total: ₹22.66

Other Key Disclosures

  • The financial statements are prepared in accordance with Indian Accounting Standard (Ind AS) 34.
  • The company completed a share buyback for an aggregate amount not exceeding ₹296.70 crores, as approved by shareholders. All procedural and regulatory compliances relating to the buyback have been completed.
  • The company acquired an additional 20% stake in Kajaria Bathware Private Limited (KBPL) from Aravali Investment Holdings for a consideration of ₹50.00 crore. KBPL is now a wholly owned subsidiary.
  • The Board approved a loan of up to USD 10 Million to its wholly owned subsidiary, Kajaria International FZCO, for further investment/loan in its joint venture, Kajaria RMF Trading LLC.

Auditor's Review

  • Walker Ghandiok & Co LLP issued a limited review report on both standalone and consolidated results.
  • For the consolidated results, the review relied on reports from other auditors for eight subsidiaries and two joint ventures.
  • The auditors concluded that nothing has come to their attention that causes them to believe the statements contain any material misstatement.