Performance Highlights

Consolidated Financial Performance (Q1 FY27 vs Q1 FY26)

  • Sales: ₹744 crore, up 23.7% from ₹601 crore
  • EBITDA: ₹86 crore, up 78.9% from ₹48 crore
  • EBITDA margin: 11.6%, improved from 8.0%
  • Profit Before Tax: ₹50 crore, up 337.1% from ₹11 crore
  • PBT margin: 6.7%, improved from 1.9%
  • Profit After Tax: ₹34 crore, up 365.7% from ₹7 crore
  • PAT (Controlling Interest): ₹36 crore, up 242.7% from ₹10 crore
  • EPS: ₹8.66, up 242.3% from ₹2.53

Standalone Financial Performance (Q1 FY27 vs Q1 FY26)

  • Sales: ₹688 crore, up 18.6% from ₹580 crore
  • EBITDA: ₹61 crore, up 72.5% from ₹35 crore
  • EBITDA margin: 8.8%, improved from 6.1%
  • Profit Before Tax: ₹47 crore, up 109.0% from ₹23 crore
  • PBT margin: 6.9%, improved from 3.9%
  • Profit After Tax: ₹35 crore, up 109.5% from ₹17 crore
  • EPS: ₹8.56, up 109.3% from ₹4.09

Historical Financial Performance

Consolidated P&L (Last 5 Years)

| FY | Sales (₹cr) | EBITDA (₹cr) | EBITDA margin | PBT (₹cr) | PAT (₹cr) | PAT (Controlling) | EPS (₹) |

| FY26 | 2,771 | 258 | 9.3% | 114 | 74 | 81 | 19.80 |

| FY25 | 2,643 | 221 | 8.4% | 87 | 58 | 60 | 14.65 |

| FY24 | 2,577 | 253 | 9.8% | 145 | 99 | 97 | 23.01 |

| FY23 | 2,465 | 189 | 7.7% | 95 | 67 | 71 | 16.83 |

| FY22 | 2,083 | 207 | 9.9% | 126 | 93 | 89 | 20.88 |

Balance Sheet Position (Last 5 Years)

| FY | PPE + CWIP (₹cr) | Net Worth (₹cr) | Total Debt (₹cr) | Total Assets (₹cr) |

| FY26 | 1,110 | 842 | 251 | 2,012 |

| FY25 | 1,080 | 772 | 302 | 1,967 |

| FY24 | 1,130 | 720 | 335 | 1,984 |

| FY23 | 1,062 | 787 | 488 | 2,011 |

| FY22 | 979 | 726 | 477 | 1,793 |

Operational Highlights

The quarter witnessed supply-side disruptions in the Morbi cluster due to fuel shortages, labor unavailability, and elevated gas prices, resulting in production curtailments across the industry. However, gradual normalization of operations towards the end of the quarter helped improve overall market sentiment.

Strategic Initiatives

The company has announced a new manufacturing facility with an annual capacity of approximately 9 million+ sqm of Glazed Vitrified Tiles to cater to the growing Southern market.

Outlook and Guidance

Management remains optimistic about the industry's growth prospects, supported by sustained demand from housing, infrastructure, and renovation segments. The focus will remain on delivering profitable growth through market share gains, product premiumization, higher capacity utilization, disciplined cost management, and stronger cash flow generation.

Shareholding Pattern (as on 30th June 2026)

  • Promoters: 55.2% (unchanged from 31st March 2026)
  • FII: 1.4% (up from 1.3%)
  • DII: 19.4% (down from 21.6%)
  • Others: 24.0% (up from 21.9%)
  • Total Equity Shares: 4,10,12,806 (unchanged)

Key Management Contacts

  • Company Secretary & Compliance Officer: Anuj Kalia (Membership No.: A31850)
  • CFO: Mr. Sailesh Raj Kedawat
  • Investor Relations Advisors: MUFG Intime India Private Limited (Mr. Nikunj Seth, Ms. Sejal Bhattar)