Below is quote Cera Sanitaryware 1QFY22 Result Update by Mr. Amarjeet Maurya, - AVP - Mid Caps, Angel Broking Ltd
During the 1QFY22, Cera Sanitaryware Ltd (CSL) reported revenue of ~Rs223cr (up ~56% YoY) mainly due to healthy volume growth and improvement in realisation. EBITDA increased by ~200% YoY to Rs198cr, while EBITDA margin improved by 430bps YoY to 8.9% due to better operating leverage. On the bottom-line front, the company has reported net profit of Rs129cr (reported ~Rs29cr in 1QFY21) due to strong sales and better operating performance. Going forward, we expect that the company will report a healthy top-line & bottom-line growth on the back of improvement in demand, strong brand & wide distribution network. Hence we are positive on stock.
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