Q2 FY27 update: revenue up 24% to Rs. 1468.26 crore, PAT up 43%, tile sales volume up 10%
Q2 FY27 consolidated revenue Rs. 1468.26 crore, up 24% YoY.
By ScoutQuest · · 2 min read
- Consolidated Revenue (Q2 FY27)
- Rs. 1468.26 crore, up 24% YoY
- PAT (Q2 FY27)
- Rs. 189.52 crore, up 43%
- EBITDA Margin (Q2 FY27)
- EBITDA Rs. 286.50 crore, margin 19.51%
Kajaria Ceramics has shared its investor update for the quarter and half year ended September 30, 2026 (Q2 FY27), covering consolidated financials, volumes, capacity plans and key ratios.
The headline numbers
- Consolidated revenue for Q2 FY27 was Rs. 1468.26 crore, a 24% year-on-year rise from Rs. 1186.56 crore.
- Profit before tax (PBT) was Rs. 253.88 crore, up 41% year on year, and PAT was Rs. 189.52 crore, up 43% from Rs. 132.96 crore.
- EBITDA was Rs. 286.50 crore with an EBITDA margin of 19.51%.
- For the half year, revenue was Rs. 2796.34 crore (up 22%), PBT Rs. 484.11 crore (up 47%) and PAT Rs. 358.98 crore (up 48%).
Volumes
- Tile sales volume in Q2 FY27 was 31.81 MSM, up 10% year on year from 28.87 MSM. Of this, own manufacturing was 17.01 MSM, subsidiaries 7.03 MSM and outsourcing 7.77 MSM.
- Production was 22.94 MSM, also up 10% year on year.
- H1 FY27 sales volume was 60.62 MSM, up 8% year on year.
Capacity expansion
- Capacity at Srikalahasti is being expanded to 12.50 MSM from 10 MSM.
- The Gailpur expansion is for 11 MSM.
- The Chairman's message states these projects remain on track and are expected to strengthen manufacturing capability and support competitive costs.
Management commentary
- The Chairman attributes the quarter's 10% volume growth to better demand and gains in market share, and notes a positive market response to price hikes.
- Export demand in H1 FY27 is described as subdued, with elevated freight rates and limited container availability continuing to pose challenges for manufacturers in Morbi.
Balance sheet and returns
- Net debt, net of cash and cash equivalents, stood at -635 (Rs. crore) at Sep-26, compared with -793 at Mar-26 and -349 at Mar-24; net debt to equity was -0.21 at Sep-26.
- Return on equity (average) was 23.68% and ROCE (average) 29.87% at Sep-26.
- Working capital days were 48 at Sep-26, against 57 at Sep-25.
Other points to note
- The presentation lists plywood operations (Kajaria Plywood Pvt. Ltd.) as a discontinued business, but says the same has been included in the presentation for ease of comparison.
What a retail reader can take from this
The update shows volume growth in double digits, revenue growth of 24% and profit growth of 43%, with margins close to 19.5%. It also flags continuing pressure on exports and freight as near-term challenges, while the capacity additions are described as on track.
Also from Kajaria Ceramics
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24 Oct 2026
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Rs. 12 interim dividend; board approves revised tile capacity expansion and new Durgapur adhesive plant
24 Oct 2026
More numbers
- Consolidated revenue, Q2 FY271468.26
- Consolidated PAT, Q2 FY27189.52
- Consolidated PBT, Q2 FY27253.88
- Consolidated EBITDA, Q2 FY27286.50
- EBITDA margin, Q2 FY2719.51%
- Revenue growth YoY, Q2 FY2724%
- Tile sales volume, Q2 FY27 (MSM)31.81
- Srikalahasti capacity after expansion (MSM)12.50
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