Will retain margins at 18%; bathware to break even this year: Kajaria Ceramics

Kajaria Ceramics reported strong second quarter earnings as lower fuel, employee costs and other expenses helped boost margins.

“We saw 115 percent recovery in September,” said Ashok Kajaria, CMD of the company in an interview to CNBC-TV18.

Demand from tier-II, III and IV cities was quite strong, he said.

“We will maintain margins at 18 percent in the second half of this year and FY22,” added Kajaria.

He expects sanitary ware and faucets revenue of Rs 210 crore in FY21.

He said volumes would be flat in the December quarter and rise 10 percent the next quarter.

He expects the bathware business to breakeven this year.

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