Kajaria Ceramics Share Price Target
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Kajaria is expecting to report its Q2 number and market is expecting Kajaria to report 10% growth in its volume. Sharekhan expects that company to report net profits at Rs. 69 crore up by 27.8% yoy. Net sales are expected to increase by 9.1% yoy to Rs. 791 core.
Kajaria Ceramics recently announced that its wholly-owned subsidiary Kajaria Tiles has started commercial production of tiles on 29 September 2019 at its manufacturing facility situated near Srikalahasti, Andhra Pradesh. Its capacity will be 5 million square metres (MSM) tiles per annum. Company reported its Q1 numbers and reported a profit of Rs. 51.01 rose by 11.9% and an increase in its net sales to Rs. 699.99. Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India.