Morbi outsourcing disruption
Many Morbi plants remain shut; outsourcing volumes may be impacted in Q1 FY27 until Morbi production normalizes.
KAJARIACERAMICS / Q4-FY26 / risks
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Kajaria Ceramics · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
medium
Volatile gas prices
Gas prices have risen sharply (north from ₹55 to ₹62.5/scm) and remain unpredictable due to government allocation changes.
Demand impact from price hikes
Price increases of 12-17% may temper demand, though management sees no immediate impact on construction activity.