Kajaria Ceramics expects 12-15% volume and revenue growth in FY19
"Going forward, this year looks very positive on back of e-way bill, which is a positive. We expect 12-15% volume growth as well as 12-15% revenue growth in FY19," said Ashok Kajaria, Chief Managing Director, Kajaria Ceramics.
Going forward, the company is also upbeat on doing a 16-18% Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) margins, said Kajaria, adding that the company missed last year’s projection of 18-20% EBTIDA margins due to higher fuel costs (gas).
Kajaria also does not anticipate any price reductions going ahead.
The fourth quarter numbers of Kajaria Ceramics have disappointed the street. The stock is down 30% from the start of the year. Lower revenues and higher fuel costs have impacted EBITDA.
Talking about their joint ventures, he said for 2018-19, expect all joint ventures to contribute about Rs 20 crore on the positive side, in spite of the losses they reported in the last fiscal.
The consolidated net profit for the company year-on-year was down 3.6% at Rs 69.6 crore versus Rs 72.2 crore.
However, year-on-year consolidated revenues were up 4.1% at Rs 750 crore versus Rs 720.7 crore. Year-on-year consolidate EBITDA came in at 16% as against 18.1%.
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