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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹644 Cr
verified against source
Revenue YoY
11.4%
reported change
EBITDA
₹98 Cr
latest reported figure
Source
nse announcements
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Cera Sanitaryware reported Q4 FY26 revenue of ₹644 crore, up 11.4% YoY, driven by volume growth of ~12% and improved product mix. EBITDA margin contracted 310 bps YoY to 15.2% due to elevated brass input costs (up ~30% YoY) and continued trade discounts. PAT fell 10.5% to ₹77 crore. Management guided for FY27 revenue growth of 18-20%, with sanitaryware volume growth of 7-8% and faucetware volume growth of 10-12%, supported by price hikes of 12% and 16% respectively. New brands Senator and Poly Plus are expected to contribute ₹70-80 crore revenue in FY27. Key risk: sustained input cost inflation and trade discount pressure could delay margin recovery.
Colored figures show movement against the previous available record.
Guidance to track
- Overall revenue growth expected at 18-20% driven by sanitaryware (12% growth), faucetware (18% growth), tiles & chemicals (20%+ growth), and new brands (₹70-80 crore).
- Volume growth expected in sanitaryware segment, with price impact of 5-6% leading to 12% revenue growth.
- Volume growth expected in faucetware segment, with price impact of 8% leading to 18% revenue growth.
- Management expects EBITDA margins to remain in 14-15% range, supported by price hikes and discount control.
Risks flagged
- Brass prices up ~30% YoY and gas costs remain elevated; price hikes may not fully offset if costs continue rising.
- Elevated trade discounts persisted in Q4; management expects gradual improvement but no specific timeline.
- Tiles segment (fully outsourced from Morbi) expected to be impacted in Q1 FY27 due to gas availability issues.
- Senator and Poly Plus incurred losses of ~₹8.5 crore in FY26; profitability expected only after FY27 despite higher revenue guidance.
Key quotes
- We have taken a price increase of 12% in the case of sanitary wear and 16% in the case of faucet wear over two months.
- With the demand trend continuing to grow upward, we expect the overall growth of around 18 to 20% next year.
- We have already started taking steps from Q1 onwards and this will further strengthen in the coming quarters.
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