Sustained brass price inflation
Brass prices rose 12% in Q3 and further in January; if prices continue to rise, the recent price hike may be insufficient to protect margins.
CERA / Q3-FY26 / risks
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Cera Sanitaryware · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Slower-than-expected ramp-up of new brands
Senator and Poly Plus revenue guidance was halved to ~₹20 crore for FY26; slower scaling could delay breakeven and weigh on profitability.
Uneven retail demand recovery
Management noted retail demand remains uneven; if recovery stalls, revenue growth may not sustain double-digit levels.
Deferral of new sanitaryware plant
Management deferred construction of a new sanitaryware plant, citing sufficient capacity from efficiency gains; if demand surges, capacity could become a constraint.