Page 2 - Ceramic Tiles
Kajaria Ceramics gains 7%, hits record high on strong Q3 operating margin
The company said its operating margins have touched a new high of 21.68 per cent in the October-December quarter
 "Kajaria Ceramics gains 7%, hits record high on strong Q3 operating margin")
Tide may be turning for Indian tile makers on improved demand outlook
The Indian tile industry is estimated to be worth nearly Rs 39,000 crore per year
 "Tide may be turning for Indian tile makers on improved demand outlook")
Varmora to invest Rs 300 crore in two greenfield tile plants in Gujarat
Capacity pegged at 35,000 sq m a day, commissioning likely by April next, with direct and indirect job potential of 1,200
 "Varmora to invest Rs 300 crore in two greenfield tile plants in Gujarat")
Tile players' turnover likely to decline 15-25% in FY21, says ICRA
The Covid-19 pandemic has exacerbated weakness in the domestic tile demand, following the negative impact on its end-consumer industry, the real estate sector, ratings agency ICRA said on Monday
 "Tile players' turnover likely to decline 15-25% in FY21, says ICRA")
New registration norms by Saudi add to Morbi tile cluster's woes
The Saudi Arabian government has changed technical requirements for suppliers of ceramic tiles, forcing the units in Morbi to apply for certification for valid exports
Crisil SME Tracker: Ceramic tile makers may face double whammy
NGT order is expected to reduce the exports of SME tile manufacturers, leading to a fall in sales volume by two to four per cent in the current fiscal
 "Crisil SME Tracker: Ceramic tile makers may face double whammy")
