Cera Sanitaryware

** Indian building products maker Cera Sanitaryware CERA.NS falls 1.6% to 6,555 rupees, on track to snap a three-session winning streak

** ICICI Securities downgrades stock to "add" from "buy"; keeps TP unchanged at 7,124 rupees, a 7% upside to its last close

** Brokerage maintains earnings estimates but downgrades stock due to about 40% run-up in its price over past three months

** "We believe CRS will likely witness better revenue traction going ahead aided by a pickup in demand from the retail segment and price hikes taken in the sanitaryware and faucetware segments" - brokerage

** CERA trades at forward 12-months PE of 34.1 vs industry median of 29 - LSEG-compiled data

** 13 of 15 brokerages rate the stock "buy" or higher; their median PT is 7,100 rupees - data

** YTD, stock up 25.2% vs 2.6% fall in Nifty 500 Index .NIFTY500

(Reporting by Abhinav Parmar in Bengaluru)

(([email protected];))

May 8 (Reuters) - Cera Sanitaryware Ltd CERA.NS:

• CERA SANITARYWARE LTD - RECOMMENDS DIVIDEND OF 75 RUPEES PER SHARE

• CERA SANITARYWARE MARCH-QUARTER NET PROFIT 773.4 MILLION RUPEES

• CERA SANITARYWARE MARCH-QUARTER REVENUE FROM OPERATIONS 6.44 BILLION RUPEES

Source text: ID:nBSE9042hl

Further company coverage: CERA.NS

(([email protected];))

March 27 (Reuters) - Cera Sanitaryware Ltd CERA.NS:

• GETS TAX DEMAND OF 279.6 MILLION RUPEES

Source text: ID:nBSEbrLGQS

Further company coverage: CERA.NS

(([email protected];))

March 5 (Reuters) - Cera Sanitaryware Ltd CERA.NS:

• CERA SANITARYWARE LTD - SABARMATI GAS TO RESTRICT GAS SUPPLY TO CERA SANITARYWARE UP TO 50% DCQ FROM MARCH 6, 2026

• CERA SANITARYWARE LTD - DISRUPTION MAY HAVE TEMPORARY AND PARTIAL IMPACT ON CERA SANITARYWARE PRODUCTION

Source text: ID:nBSE44SHYB

Further company coverage: CERA.NS

(([email protected];;))

Feb 4 (Reuters) - Cera Sanitaryware Ltd CERA.NS:

• CERA SANITARYWARE DEC-QUARTER NET PROFIT 236.7 MILLION RUPEES

• CERA SANITARYWARE DEC-QUARTER REVENUE FROM OPERATIONS 4.99 BILLION RUPEES

Source text: ID:nBSEVF0fl

Further company coverage: CERA.NS

(([email protected];))

** Brokerage Axis Securities initiates coverage on Greenply Industries GRPL.NS and Cera Sanitaryware CERA.NS with "buy"

** Axis sets PT for GRPL at 385 rupees and Street-high of 8,500 rupees for CERA, implying 26% and 31% upside from last close, respectively

** Axis says the building products industry is on track for a strong recovery in demand from FY26

** Adds, Greenply is well-positioned to capitalise on structural shifts, like premium products demand, and standard norms for the wood panel and interior solutions market; expects revenue CAGR of 12% from FY24-27

** GRPL up 5.8% at 322.1 rupees, set for best day in two months; CERA rises 5.8% to 6,883.5 rupees after Axis' bullish commentary

** Brokerage says Cera is leveraging growing demand for premium bathware; expects retail demand in the segment to recover by Q2FY26

** GRPL up 4% YTD, CERA down 9%

(Reporting by Manvi Pant in Bengaluru)

(([email protected]; +918447554364;))

June 27 (Reuters) - ** Shares of Cera Sanitaryware CERA.NS rise as much as 4.37%, their biggest intraday rise in nearly three weeks, to 6885 rupees apiece

** Co, which makes sanitaryware, tiles and other building products, is likely to continue growing at a faster rate than the industry, says Investec

** Investec retains "Buy" and a target price of 7740 rupees, implying an upside of 15.3% after meeting the management

** Says strong 20% growth in the premium segment of the market compared to 9-10% CAGR for the peers and focus on setting up an exclusive distribution channel for metro/tier 1 towns augur well for CERA's earnings over fiscal 2026 and 2027

** The average rating of 15 analysts tracking CERA is "Buy"; the median price target is 7319 rupees, according to data compiled by LSEG

** CERA shares are down 13% in 2025 so far, underperforming the 5.6% rise in the Nifty 500 index .NIFTY500

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

Cera Sanitaryware Ltd CERA.NS:

• CERA SANITARYWARE LTD - CEASES TO BE PARTNER IN MILO TILE LLP

• CERA SANITARYWARE LTD - DISCONTINUED PROCURING TILES FROM MILO DUE TO QUALITY ISSUES

• CERA SANITARYWARE LTD - TO WRITE OFF 23.8 MILLION RUPEES FROM MILO INVESTMENT

Source text: ID:nNSE5frcMQ

Further company coverage: CERA.NS

** Cera Sanitaryware CERA.NS falls 3.2% to 6,377.9 rupees; set to fall for a third straight session

** Q3 profit drops 10% y/y as expense sharply outweighs rev

** Stock has been trading below its 100-day simple moving avg since September, 2024, indicating bearish sentiment

** CERA rated "buy" on avg; median PT is 8,416 rupees, ~32% higher than current price - LSEG

** Stock ended 2024 3.3% lower

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))

Nov 12 (Reuters) - Cera Sanitaryware Ltd CERA.NS:

• SEPT-QUARTER CONSOL NET PROFIT 679.8 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.93 BILLION RUPEES

Source text: ID:nBSE639Pmt

Further company coverage: CERA.NS

(([email protected];;))

** Shares of Astral ASTL.NS fall 2.5% to 1745 rupees, their biggest one-day fall since Oct. 22

** Pipe maker's Q2 consol profit drops 16%, hurt by lower demand for products due to heavy monsoon

** Analysts' average rating on stock is "hold," same as peer Cera Sanitaryware CERA.NS

** Analysts' median PT on ASTL is 2025 rupees - LSEG data

** Stock last fell 1%, down 7% YTD

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Oct 22 (Reuters) - Indian tile maker Kajaria Ceramics KAJR.NS reported a bigger-than-expected fall in its second-quarter profit on Tuesday amid sluggish domestic demand as monsoon rains slowed construction activity.

Consolidated net profit fell 22% to 842.7 million rupees ($10 million) in the quarter ended Sept. 30 from 1.08 billion rupees a year earlier.

Analysts, on average, had expected a profit of 1.07 billion rupees, according to estimates compiled by LSEG.

Revenue from operations increased about 5%, marking the eight straight quarter of single-digit growth, according to LSEG data.

For further earnings highlights, click: (FWN3LX1FR)

KEY CONTEXT

Tiles demand has been sluggish in the world's most populous country, with strong construction activity in western, eastern, and central India countering weakness in northern and southern parts.

Construction, which was hit by an election-linked slowdown in the first quarter, did not pick up as above-average monsoon rains kept infrastructure activity subdued.

PEER COMPARISON

* Mean of analysts' ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell
** Ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT

JULY-SEPTEMBER STOCK PERFORMANCE

**

**

-- All data from LSEG

-- $1 = 84.0530 rupees

(Reporting by Yagnoseni Das and Hritam Mukherjee in Bengaluru; Editing by Subhranshu Sahu)

(([email protected];))

Aug 12 (Reuters) - Cera Sanitaryware Ltd CERA.NS:

• JUNE-QUARTER CONSOL NET PROFIT 470.6 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.01 BILLION RUPEES

Source text for Eikon: ID:nBSEbNmlf1

Further company coverage: CERA.NS

(([email protected];;))

** Shares of Cera Sanitaryware CERA.NS up 5.2% at 7,094.65 rupees

** Co, which makes sanitaryware, tiles and bathroom accessories, reports 19.4% Y/Y rise in Q4 consolidated net profit while rev from ops rose 2.5% Y/Y

** Co also recommended a dividend of 60 rupees ($0.7184) per share

** Trading vol 2.4x 30-day daily avg

** Avg rating of 16 analysts equivalent of "buy", median PT is 8,365.50 rupees - LSEG data

** Stock fell 13.6% in March quarter, its biggest quarterly fall since June 2022

** Stock down 10% YTD

($1 = 83.5226 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

(([email protected] (+91 7982114624))

** Shares of India's Cera Sanitaryware CERA.NS down 6.1% at 7,551 rupees after falling to lowest since Aug. 3

** Co reported ~ 10% drop in Dec-qtr profit, rev slips 4.1%

** Results were weighed down by sanitaryware division due to subdued demand, co said

** About 30,600 shares change hands, most active session since Jan. 19

** CERA, which rose ~51% last year, down ~ 4% YTD; co logged fifth straight year of gains in 2023

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

** Shares of Cera Sanitaryware CERA.NS rise 3% to 7,999 rupees on block deals

** More than 49,400 shares changed hands in two block deals as of 12:14 p.m. IST at price range of 7894.55-7906.95 rupees - LSEG data

** Co, which makes sanitaryware, tiles and bathroom accessories, on track for a weekly rise, if gains hold, after five straight weeks of decline

** Over 69,000 shares trade, 4.4x 30-day avg volume

** Stock fell in Dec-quarter, snapping three straight quarters of gains

** Stock up 1.5% YTD; rose 50.7% in 2023, its fifth straight year of gains

(Reporting by Rama Venkat in Bengaluru)

(([email protected]; https://twitter.com/ramavenkat0607;))

** Indian tile makers are facing sluggish domestic demand, but expect improvement in the coming months, brokerage Prabhudas Lilladher says in a note

** Brokerage maintains "accumulate" rating, PT 1,368 rupees on Kajaria Ceramics KAJR.NS, whose rivals include Somany Ceramics SOCE.NS and Cera Sanitaryware CERA.NS

** Retail demand hit by inflation, construction hold-ups due to costlier cement and iron ore delayed industrial demand - note

** Adds that Morbi players dialled down their annual volume forecasts for FY24 after reporting lower volumes in H1 of the fiscal

** Note says tilemakers in Gujarat's Morbi kept prices unchanged in the last half-yr despite 11%-12% rise in gas prices

** Presently, Morbi's power needs are met in 50:50 ratio between propane sources and city distributor Gujarat Gas GGAS.NS

** Buying trends shifting towards premium tiles, slab tiles gradually displacing marble and granite - note

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

** Cera Sanitaryware CERA.NS will see muted demand in Q3, ICICI Securities said, citing management

** CERA's shares are down about 9% in the past three months

** We continue to like CERA as it could potentially be a significant beneficiary of ongoing uptick in housing market, ICICI Securities says

** Adds near-term demand tepidness may provide a good entry point to stock

** CERA shares have gained 64% YTD, up 1% at 8,565 rupees on Thursday

(Reporting by Sethuraman NR in Bengaluru)

(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))

Nov 1 (Reuters) - Cera Sanitaryware Ltd CERA.NS:

• INDIA'S CERA SANITARYWARE LTD SEPT-QUARTER CONSOL NET PROFIT 569 MILLION RUPEES VERSUS 507.5 MILLION RUPEES

• CERA SANITARYWARE LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 4.64 BILLION RUPEES VERSUS 4.16 BILLION RUPEES

Source text for Eikon: ID:nBSE4GPz9B

Further company coverage: CERA.NS

(([email protected];))

Aug 3 (Reuters) - Cera Sanitaryware Ltd CERA.NS:

• CERA SANITARYWARE LTD JUNE-QUARTER CONSOL NET PROFIT 562.8 MILLION RUPEES VERSUS 394.9 MILLION RUPEES

• CERA SANITARYWARE LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 4.29 BILLION RUPEES VERSUS 3.97 BILLION RUPEES

Source text for Eikon: ID:nBSE4rnl3Q

Further company coverage: CERA.NS

(([email protected];))

** Shares of Cera Sanitaryware Ltd CERA.NS rise as much as 7.66% to a fresh record high of 7,340 rupees

** Stock of the sanitaryware, tiles and bathroom accessories maker has jumped 10% since reporting 19% Y/Y rise in consolidated net profit in March quarter nFWN377025

** Centrum Broking reiterates "buy" and raises its earnings estimates for FY24

** Antique Stock Broking reiterates "buy" and raises target price to 8,190 rupees from 6,500 rupees

** ICICI Securities maintains "add" and raises target price to 7,260 rupees from 6,746 rupees, citing scope for improvement in sanitaryware and faucetware segments

** Trading volume is 112,108 shares as of 1:38 p.m. IST, 5.5 times the 30-day avg - Refinitiv data

** Of the 15 analysts tracking CERA, 11 maintain "buy" and four suggest "hold"; median TP is 7,339 rupees

($1 = 81.7800 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

** Shares of Cera Sanitaryware Ltd CERA.NS rise as much as 2.5% to 6,739.90 rupees

** The sanitaryware and tiles maker on Wednesday reports bigger-than-expected jump of 18.5% in consol net profit at 627.5 mln rupees ($7.67 mln) for the March-qtr

** Analysts expected CERA to report net profit of 599.7 mln rupees - Refinitiv data

** Rev from ops at 5.33 bln rupees, up ~21% YoY

** CERA decided to incur capital expenditure of 290 mln rupees for the financial year 2023-24

** Also declared dividend of 50 rupees per share

** About 39,700 shares change hands by 2:16 p.m. IST, 2.2x the 30-day avg - Refinitiv Data

** Ten of the 15 analysts covering CERA have a "buy" or higher rating, while five have "hold"; median PT is 6,310 rupees - Refinitiv data

** Stock last up 1.4%, extending YTD gains to 28%

($1 = 81.7800 Indian rupees)

(Reporting by Priya Sagar in Bengaluru)

(([email protected]))