Kajaria Ceramics Q3 FY26 Revenue Flat at ₹1168 Cr; EBITDA Jumps 442 bps to 17.20%
Kajaria Ceramics reported Q3 FY26 consolidated revenue of ₹1168 crore, flat year-on-year. EBITDA margin improved to 17.20% (+442 bps). PBT rose to ₹165.12 crore and PAT to ₹87.72 crore. The company is converting production to value-added products and acquiring full ownership of subsidiaries Kajaria Surfaces and Kajaria Adhesive.
The impact is assessed as medium due to flat revenue growth, which indicates a challenging market environment. However, the substantial improvement in profitability margins and strategic moves towards value-added products and consolidation of subsidiaries suggest a positive outlook for future performance.
The positive sentiment is driven by a significant improvement in EBITDA margin and growth in Profit Before Tax and Profit After Tax, despite flat revenue. Strategic initiatives like production conversion and subsidiary acquisitions also contribute positively.
Kajaria Ceramics Limited announced its financial results for the quarter and nine months ended December 31, 2025. The company reported consolidated revenue for Q3 FY26 at ₹1168 crore, which was flat compared to the corresponding quarter last year. This was primarily attributed to a lack of growth in tile volume and the absence of plywood sales due to the closure of that division.
The company's EBITDA margin for Q3 FY26 significantly improved to 17.20%, an increase of 442 basis points from 12.78% in the same quarter last year. However, EBITDA saw a sequential drop of 74 basis points compared to Q2 FY26, attributed to lower sales realization from discounts offered to reduce stock-keeping units (SKUs).
In a strategic move, the Gailpur plant converted one unit from Ceramic Floor Tiles to Glazed Vitrified Tiles, aligning with prevailing market demand for value-added products. The company also noted its ongoing transformation journey with 'Kajaria 2.0' and expressed confidence in sustainable value creation.
Consolidated revenue for the nine months ended December 31, 2025, stood at ₹3459.15 crore, showing a marginal increase from ₹3456.67 crore in the previous year. Profit Before Tax (PBT) for Q3 FY26 increased to ₹165.12 crore from ₹110.71 crore in Q3 FY25, and Profit After Tax (PAT) rose to ₹87.72 crore from ₹77.74 crore.
The company also provided updates on its subsidiaries, including the approval for further investment of up to ₹1.20 crore to acquire the remaining 10% shares of Kajaria Surfaces Pvt. Ltd., making it a wholly-owned subsidiary. Additionally, the board approved the acquisition of the remaining 25% shares of Kajaria Adhesive Private Limited to make it wholly owned.
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Kajaria Ceramics Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Kajaria Ceramics Limited. Read the original for the full detail.