The company said its operating margins have touched a new high of 21.68 per cent in the October-December quarter
The Indian tile industry is estimated to be worth nearly Rs 39,000 crore per year
In the past three days, Somany Ceramics (up 19 per cent) Kajaria Ceramics (9 per cent) have outperformed the S&P BSE Sensex, which up 2.4 per cent during this period
There is a lot of uncertainty and clear trend is not visible on the charts
Volume growth, lower costs and stable pricing are the positives
Kajaria is the largest tile manufacturer in India and leads the category in every single parameter -- capacity, production volume, sales figures, variety of designs and of course, the turnover
Orient Bell, Murudeshwar Ceramics, Asian Granito India, Nitco, Kajaria Ceramics and Somany Ceramics were up in the range of 4% to 14% on BSE.
Total expenses during the quarter went up 1.62% to Rs 585.07 crore
The stock dipped nearly 11% to Rs 650 after reported a single digit growth in consolidated net profit at Rs 64 crore for the quarter ended September 30, 2016.
In past nine-months, the stock of Kajaria Ceramics zoomed 69% compared to 5% rise in the Nifty 50 index.