Quarter Ended: March 2026
Kajaria Ceramics Q4 FY26 Results
NSE
kajariacer
BSE
500233
Kajaria delivered consistent revenue growth with sharp improvement in profitability, supported by strong Tiles segment execution and operating leverage.
key financial highlights
- Revenue from Operations:
- Revenue (Q4 FY26): ₹1,373.35 Cr
- QoQ Change: +17.6%
- YoY Change: +12.4%
- Previous Quarter (Q3 FY26): ₹1,168.26 Cr
- Previous Year (Q4 FY25): ₹1,221.85 Cr
- Revenue (Q4 FY26): ₹1,373.35 Cr
- Profit After Tax (PAT):
- PAT (Q4 FY26): ₹156.56 Cr
- QoQ Change: +81.6%
- YoY Change: +262.6%
- Previous Quarter (Q3 FY26): ₹86.15 Cr
- Previous Year (Q4 FY25): ₹43.18 Cr
- PAT (Q4 FY26): ₹156.56 Cr
- QoQ Performance
- Revenue Trend: Strong growth
- Profit Trend: Sharp improvement
Margin Analysis
Drivers:
- Better operating leverage due to higher volumes
- Stabilization in fuel and raw material costs
- Controlled employee and overhead expenses
Insight:
- Margins are expanding significantly, indicating efficiency improvement and pricing discipline
Segment performance
Segment: Tiles
- Revenue: ₹1,212.67 Cr
- Insights:
- Core growth driver (~88% contribution)
- Strong QoQ and YoY expansion
- Improved segment profitability
Segment: Other (Adhesives, sanitary-ware etc. )
- Revenue: ₹1,212.67 Cr
- Insights:
- Core growth driver (~88% contribution)
- Strong QoQ and YoY expansion
- Improved segment profitability
Segment insight
Summary:
- Tiles segment dominates Kajaria’s business with consistent demand and margin expansion, while other segments provide incremental growth
Charcateristics:
- Tiles = high volume, stable margin business
- Others = growth optionality
- Brand-led pricing power
- Distribution-driven scale
Earning quality check
Drivers:
- Profit driven by core operations (Tiles)
- Minimal dependence on non-operating income
- No major exceptional distortions
Interpretations:
- High-quality earnings with strong operational backing and improving margin profile
balance sheet Analysis
- Total Assets: ₹4,029.21 Cr
- Total Liabilities: ₹898.73 Cr
Insight:
- Strong balance sheet with low leverage and healthy equity base, indicating financial stability
key risks
- Raw material & gas price volatility
- Real estate demand slowdown
- Competitive pricing pressure
- Dependence on Tiles segment
management strategy signals
Focus Area:
- Strengthening Tiles dominance
- Expanding adhesives & sanitaryware
- Cost optimization
- Distribution expansion
Financial metrics table
| Particular | Q4 FY26 | Q.O.Q | Y.O.Y |
|---|---|---|---|
| Revenue | ₹1,373 Cr | +17.6% | +12.4% |
| Total Expense | ₹1,157.93 Cr | +14.1% | +2.2% |
| Net Profit | ₹156.56 Cr | +81.6% | +262.6% |
Kajaria Ceramics has delivered a strong quarter with healthy revenue growth and sharp margin expansion. The Tiles segment continues to dominate performance, while improving profitability indicates better cost control and operating leverage. The company remains fundamentally strong with a positive outlook
Official Exchange Filing: Kajaria Ceremics Ltd
Quarterly Performance Context
COST OF OPERATIONS AS % OF REVENUE
84%
NET PROFIT AS % OF REVENUE
11%
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED