Cera Sanitaryware Limited — Q1FY27 earnings call summary

Filed 08 August 2026 · Company audio recording

EBITDA margin guidance for FY27 at 13.5-14%, despite Q1 margin dip due to one-time costs and delayed price pass-through.
Price hikes of ~12% (sanitaryware) and 15% (faucetware) taken; project segment pricing to reflect fully post-Q2 supporting margin recovery.
Q1 EBITDA margin at 10.1% vs 13.1% YoY, impacted by Rs. 6.3 crore one-time wage settlement, under-absorption of fixed costs (Rs. 3.7 crore), and project order closures (Rs. 4 crore).
Project segment pricing lagging behind retail, delaying margin normalization until post-Q2.
FY27 revenue growth guidance maintained at 18-20%, driven by volume-led growth in sanitaryware (+10%) and faucetware (+18%) in Q1.
Greenfield sanitaryware expansion under review; current utilization ~61% with operational capacity around 80%, decision expected by year-end.
Sanitaryware capacity utilization at 61% (operational ~80%); faucetware at 96% with expansion expected in Q4 FY27.
Capex of Rs. 43 crore planned for FY27 focusing on faucetware brownfield expansion, manufacturing efficiencies, and digital initiatives.