Kajaria Ceramics Q2: Net Profit Jumps 43% to ₹190 Cr; Announces ₹554 Crore Expansion Plans
The company is one of India’s leading manufacturers of ceramic and vitrified tiles. It also operates in related product categories, including sanitaryware, faucets, plywood and tile adhesives. It serves residential, commercial and infrastructure customers through its manufacturing facilities and distribution network.
The shares of Kajaria Ceramics are currently trading at Rs. 1,129.50, down by 0.62%. The company has a market capitalisation of Rs. 17,754.02 crore. The stock’s 52 week high is Rs. 1,275.00, and its 52 week low is Rs. 869.60 . In the past 6 months, the stock has delivered a return of -8.59%.
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Q2 FY27 Financial Performance
Looking at the quarterly results of Kajaria Ceramics Limited, consolidated revenue increased 23.8% year-on-year to Rs. 1,468 crore in Q2 FY27, compared with Rs. 1,186 crore in Q2 FY26. The growth was supported by a 10% increase in tile volumes, alongside improved demand and the market’s response to price hikes.
EBITDA: The company’s EBITDA increased 34.3% year-on-year to Rs. 287 crore from Rs. 213 crore in the corresponding quarter last year. The EBITDA margin improved to 19.5% from 18%, indicating stronger operating profitability as earnings grew faster than revenue.
Net Profit: Net profit rose 42.5% year-on-year to approximately Rs. 190 crore in Q2 FY27, compared with Rs. 133 crore in Q2 FY26. The faster growth in net profit compared with revenue reflects an improvement in the company’s overall profitability during the quarter.
Expansion Plans and Investment Details
Kajaria Ceramics approved investments across three manufacturing projects to strengthen its production capabilities and support future demand. Gailpur Facility, Rajasthan : The company plans to invest Rs. 180 crore to expand tile manufacturing capacity at its Gailpur facility by 11 million square metres (MSM) annually. The expansion is expected to be completed by April 2027.
Srikalahasti Facility, Andhra Pradesh : The company revised its expansion plan for the Srikalahasti facility, increasing the planned capacity addition from 10 MSM to 12.5 MSM of glazed vitrified tiles. The investment has been revised to Rs. 340 crore, with completion expected by June 2027. The expansion is intended to strengthen manufacturing capacity and cater to demand in southern India.
New Tile Adhesive Unit, West Benga l: Kajaria Ceramics approved a new manufacturing facility for tile adhesive products at Durgapur, West Bengal. The project involves an estimated investment of Rs. 34 crore and will have a production capacity of 9,000 metric tonnes per month. The facility is expected to be completed by December 2027.
Together, these three projects represent planned investments of approximately Rs. 554 crore. The expansions are expected to increase manufacturing capacity and strengthen the company’s presence across key markets and related building-material categories.
Alongside its quarterly results, Kajaria Ceramics declared an interim dividend of Rs. 12 per equity share for FY27. The company fixed October 29, 2026, as the record date to determine eligible shareholders, with payment scheduled on or before November 22, 2026.
What Lies Ahead for Kajaria Ceramics?
The company has delivered strong year-on-year growth in Q2 FY27, with revenue rising alongside improved EBITDA margins and net profit. Its planned investments in tile manufacturing and adhesives indicate a continued focus on expanding production capacity and strengthening its product portfolio.
However, investors should monitor execution timelines, capital expenditure and demand conditions, particularly as higher production capacity comes online. The company’s ability to maintain margins while managing input costs and sustaining sales growth will remain important factors in assessing its future performance.