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Kajaria Ceramics: Q4 FY24 sees 5.2% slide in net profit
Due to rising expenses and sluggish demand, Kajaria's consolidated net profit decreased 5.2% year over year to Rs 1.02 billion in the fourth quarter. LSEG data shows that analysts had anticipated earnings to increase to Rs 1.26 billion on average.
Kajaria Ceramics, the top tile manufacturer in India, releases results for the January March quarter. Analysts suggest that the Red Sea crisis dampened exports and that there was little domestic demand for tiles during the January March quarter. In the first three quarters of fiscal 2024, the tile industry had very little volume increase,..
Morbi Tiles Strengthening Presence in Marble City
Morbi, known as the marble city of India, is witnessing a surge in the tiles and cement sector, with companies like Morbi Tiles cementing their position. The region's strategic location and access to raw materials have fueled the growth of these industries, attracting investments and driving innovation.
Morbi Tiles, along with other players in the sector, is capitalising on the city's reputation for quality and craftsmanship to expand its market presence. The company's commitment to excellence in design, technology, and sustainability has positioned it as a leader in the competitive mar..
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