Kajaria Ceramics Q4 FY26: Revenue Jumps 12% to ₹1,373 Cr; EBITDA Margins at 19.19%
Kajaria Ceramics reported a 12% revenue increase to ₹1,373 crore for Q4 FY26. EBITDA margins improved to 19.19% due to cost optimization and efficiencies. Tiles segment revenue grew 11% to ₹1,212 crore. The company expects to maintain 18-19% EBITDA margins and is confident in future performance, announcing a share buyback.
The announcement details significant financial growth, margin improvement, and strategic initiatives like a share buyback. These factors are material to investors and directly impact the company's valuation and shareholder returns.
The company reported strong year-on-year growth in revenue and improved EBITDA margins, indicating positive operational and financial performance. Management's optimistic outlook and the announcement of a share buyback further support a positive sentiment.
Kajaria Ceramics Limited announced its financial results for the fourth quarter of FY26, reporting a consolidated revenue increase of 12% to ₹1,373 crore compared to the same quarter last year. The company achieved a volume growth of 11% in Q4 FY26, driven by effective sales unification efforts that began in the first nine months of the year. This led to a strong demand momentum starting January 2026.
The EBITDA margin for Q4 FY26 stood at 19.19%, an improvement from 10.01% in Q4 FY25. This margin enhancement is attributed to cost optimization, improved sales realization over Q3, and efficiencies in production, sales, and supply chain management. The company noted a temporary 7% decrease in production during the quarter due to the shutdown of its Morbi plants in March, which have since resumed operations on April 16th.
Segment-wise performance showed the Tiles segment growing by 11% year-on-year to ₹1,212 crore in Q4 FY26. The Bathware segment registered a 6% revenue growth, reaching ₹117 crore. Revenues from the adhesive group were ₹44 crore in Q4 FY26, up from ₹21 crore in the prior year's comparable quarter.
Profits Before Tax (PBT) for the quarter grew to ₹228 crore from ₹85 crore in Q4 FY25, and Profit After Tax (PAT) increased to ₹136 crore from ₹43 crore in Q4 FY25. The working capital cycle improved by 14 days to 51 days as of March 31, 2026, primarily due to reductions in inventory and receivables.
Management highlighted that while Q1 is historically a low season, the company is optimistic about the full year's performance, expecting continued good momentum. The company also addressed the impact of rising gas prices, noting price increases of 12-13% in North plants and 16-17% in Morbi to cover increased costs. They expect to maintain EBITDA margins between 18% to 19%. The company also announced a buyback of shares to return capital to shareholders, citing tax efficiency and confidence in future performance.
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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 high impact, which is the band that most often changes something.
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