What was Kajaria Ceramics's revenue in Q4 FY26?

Kajaria Ceramics reported revenue of ₹1,373 Cr in Q4 FY26, a +12% change year-over-year.

Did Kajaria Ceramics management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Kajaria Ceramics Q4 FY26 Research Workspace: Revenue ₹1,373 Cr (+12%)

Q: What guidance did Kajaria Ceramics management give?

EBITDA margin maintained at 18-19%: Management expects to sustain EBITDA margins between 18% and 19% in the current year, supported by cost optimization and price hikes.

Revenue ₹1,373 Cr +12%

EBITDA —

PAT ₹157 Cr +216.28%

EBITDA Margin 19% +918bps

Duration 51 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Kajaria Ceramics delivered a strong Q4 FY26 with 12% revenue growth to ₹1,373 crore and PAT surging 216% to ₹136 crore, driven by 11% volume growth and 918 bps EBITDA margin expansion to 19.19%. The volume recovery followed a nine-month channel realignment, with momentum building from January. The Morbi gas crisis created a structural tailwind: Morbi plants faced 35-40% cost increases, while Kajaria's multi-location plants and 30% biofuel mix in the north provide a cost advantage. Management guided for 18-19% EBITDA margins going forward but declined volume guidance. Key risks include potential supply disruption from Morbi outsourcing partners and volatile gas prices. Overall, the company is well-positioned to gain market share in FY27.

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Research workspace

Focused Modules

!Risks 3 risks

Risk Intelligence

Morbi outsourcing disruption

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Quarter Snapshot

Volume Growth 11%

+11% YoY

Volume growth in Q4 FY26, driven by channel realignment and demand recovery from January.

Working Capital Cycle 51 days

-14 days QoQ

Improved from 65 days in Q3 FY26 due to lower inventory and receivables.

Outsourcing Volume 32M sqm

FY26 actual

Outsourced volume in FY26; expected to rise to 40M sqm in FY27.

North Gas Price (April) ₹62.5/scm

+13% QoQ

Gas price in north India for April, up from ₹55.54 in Q4, reflecting global supply tightness.

Fast read

Guidance and risk preview

Top guidance EBITDA margin maintained at 18-19%

Management expects to sustain EBITDA margins between 18% and 19% in the current year, supported by cost optimization and price hikes.

Top risk Morbi outsourcing disruption

Many Morbi plants remain shut; outsourcing volumes may be impacted in Q1 FY27 until Morbi production normalizes.