The market sentiment has started picking up and the third and fourth quarters are expected to witness a 10 percent volume growth, Kajaria Ceramics CMD Ashok Kajaria told CNBC-TV18.
“The second quarter was an aberration. Market sentiment was very bad, there was a tight liquidity situation, owing to floods. There were no dispatches from August 5, but things have started moving in the right direction. I think Q3 and Q4 will be like Q1 or maybe slightly better. In Q1, the volume growth was 10 percent and we are looking at a scenario, which should be better in Q3 and Q4. The volume guidance should be close to 11-12 percent in the second half,” he said.
“Retail is very good though real estate sector is in bad shape,” Kajaria added. Margins should be close to 15-16 percent.
He is optimistic about the sanitary business. “Last year we closed at Rs 200 crore and we promised 30 percent growth. We will do it. It has not happened yet but for the year we will do it. As far as plywood is concerned, last year we did Rs 17 crore, this year we are targeting Rs 36 crore of revenue growth,” he noted.
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