Kajaria Ceramics Reports FY26 Results, Announces Buyback and Expansion Plans

Kajaria Ceramics Limited announced its audited financial results for the quarter and year ended March 31, 2026, following a Board meeting held on April 30, 2026. The statutory auditors, M/s Walker Chandiock & Co LLP, issued an unmodified opinion on both standalone and consolidated financial results. The company reported strong performance across key financial metrics, with significant growth in revenue and profitability compared to the previous year.

Financial Performance

The standalone financial results for the year ended March 31, 2026, showed revenue from operations of ₹ 4,374.31 crores, compared to ₹ 4,218.82 crores in the previous year. Total income stood at ₹ 4,453.60 crores. Profit after tax for the year increased to ₹ 456.77 crores from ₹ 204.14 crores in the previous year. Basic earnings per share (EPS) improved to ₹ 28.68 from ₹ 12.82 in the prior year.

On a consolidated basis, revenue from operations reached ₹ 4,830.36 crores for the year ended March 31, 2026, up from ₹ 4,635.07 crores in the previous year. Total consolidated income was ₹ 4,883.22 crores. Consolidated profit after tax stood at ₹ 487.00 crores, compared to ₹ 300.02 crores in the previous year. Basic EPS on consolidated basis was ₹ 30.48, compared to ₹ 18.48 in the prior year.

Financial Metric Standalone FY26 Standalone FY25 Consolidated FY26 Consolidated FY25 Revenue from operations ₹ 4,374.31 crores ₹ 4,218.82 crores ₹ 4,830.36 crores ₹ 4,635.07 crores Total income ₹ 4,453.60 crores ₹ 4,286.67 crores ₹ 4,883.22 crores ₹ 4,677.81 crores Profit after tax ₹ 456.77 crores ₹ 204.14 crores ₹ 487.00 crores ₹ 300.02 crores Basic EPS ₹ 28.68 ₹ 12.82 ₹ 30.48 ₹ 18.48

Dividend Declaration

The Board of Directors recommended a final dividend of ₹ 6 per equity share of face value ₹ 1 each for the financial year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting. During the year, the company paid an interim dividend of ₹ 8 per equity share, bringing the total dividend for the year to ₹ 14 per share, compared to ₹ 9 per share in the previous year.

Share Buyback Proposal

The Board approved a proposal to buy back fully paid-up equity shares not exceeding 21.50 lakh shares, representing 1.35% of the total paid-up capital as of March 31, 2026. The buyback will be conducted through the tender offer route at a price of ₹ 1,380 per equity share, for an aggregate amount not exceeding ₹ 296.70 crores. The buyback price represents a premium of 15.57% and 15.73% over the closing price on NSE and BSE respectively on April 21, 2026. The promoters and promoter group have indicated they will not participate in the buyback.

Capacity Expansion

The Board approved expansion of the manufacturing facility at Srikalahasti, Andhra Pradesh, by increasing annual production capacity by 10 MSM of glazed vitrified tiles. The expansion requires an investment of ₹ 210 crores and is expected to be completed by March 2027. The project will be financed through internal accruals and aims to cater to the growing southern market in India.

Investments in Subsidiaries

The Board approved subscription of 4,50,00,000 non-convertible redeemable preference shares of ₹ 10 each in Kerovit Global Private Limited, a step-down wholly-owned subsidiary, for an aggregate consideration of up to ₹ 45 crores. The preference shares will be redeemable after ten years. Additionally, the company approved acquisition of 44,11,764 compulsorily convertible preference shares of ₹ 10 each in Kajaria Bathware Private Limited at a total consideration of ₹ 50 crores.

Exceptional Items

The standalone financial results included exceptional items of ₹ 21.71 crores, primarily comprising provisions of ₹ 15.93 crores towards gratuity and compensated leave liability following the implementation of new Labour Codes, and impairment loss of ₹ 5.78 crores on loans given to a wholly-owned subsidiary. The consolidated results included exceptional items of ₹ 44.02 crores, which also included a net loss of ₹ 19.81 crores related to a fraud incident at Kerovit Global Private Limited.

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