| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 1,468 | 1,186 | +23.8% |
| EBITDA | 287 | 213 | +34.3% |
| EBITDA margin | 19.5% | 18.0% | +1.5 pts |
| Profit before tax | 252 | 181 | +39.3% |
| Net profit | 191 | 134 | +42.3% |
| EPS | ₹12.02 | ₹8.35 | +44.0% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 17,556 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 13.6 | 55.9 | 18.9 | 98.3 | 10.5 | ||
| 57.8 | 64.9 | 65.8 | 59.1 | 77.6 | ||
| 130 | 130 | 176 | 171 | 209 | ||
| 17,731 | — | — | — | — | ||
| 5,338 | 4,830 | 4,635 | 4,578 | 4,382 | ||
| — | +4.2% | +1.2% | +4.5% | — | ||
| 1,012 | 865 | 626 | 700 | 592 | ||
| 19.0% | 17.9% | 13.5% | 15.3% | 13.5% | ||
| 842 | 696 | 461 | 552 | 459 | ||
| 604 | 487 | 300 | 432 | 346 | ||
| 11.3% | 10.1% | 6.5% | 9.4% | 7.9% | ||
| ₹37.82 | ₹30.47 | ₹18.48 | ₹26.50 | ₹21.63 | ||
| — | +64.9% | −30.3% | +22.5% | — | ||
| — | 667 | 501 | 602 | 296 | ||
| — | −127 | −221 | −300 | −232 | ||
| 539 | 539 | 280 | 301 | 63.9 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 17,556.5 | |
| - Cash, Equiv & ST Investments | 10.5 | 98.3 | 18.9 | 55.9 | 13.6 | |
| + Minority Interest | 77.6 | 59.1 | 65.8 | 64.9 | 57.8 | |
| + Total Debt | 209.3 | 170.6 | 175.9 | 130.3 | 130.3 | |
| Enterprise Value | — | — | — | — | 17,731.0 | |
| Revenue | 4,381.9 | 4,578.4 | 4,635.1 | 4,830.4 | 5,338.0 | |
| Growth %, YoY | — | +4.5 | +1.2 | +4.2 | — | |
| EBITDA | 592.0 | 699.7 | 626.2 | 865.0 | 1,011.7 | |
| Margin % | 13.51 | 15.28 | 13.51 | 17.91 | 18.95 | |
| EBIT | 459.2 | 551.7 | 460.8 | 695.6 | 842.5 | |
| Net Income | 346.2 | 432.2 | 300.0 | 487.0 | 604.5 | |
| Margin % | 7.90 | 9.44 | 6.47 | 10.08 | 11.32 | |
| EPS, Adj (current shares) | 21.63 | 26.50 | 18.48 | 30.47 | 37.82 | |
| Growth %, YoY | — | +22.5 | -30.3 | +64.9 | — | |
| Cash from Operations | 295.6 | 601.7 | 501.0 | 666.7 | — | |
| Capital Expenditures | -231.7 | -300.4 | -220.5 | -127.3 | — | |
| Free Cash Flow | 63.9 | 301.3 | 280.5 | 539.4 | 539.4 | |
Prices at the 30 October 2026 close · figures from the company's filings with NSE
Kajaria Ceramics (NSE: KAJARIACER) had a market capitalisation of ₹17,426 crore at the 30 October 2026 close (₹1,109.20 a share), a PE ratio of 28.9 on the last four quarters' profit and a price-to-book ratio of 5.81. In FY26 its consolidated net profit attributable to shareholders was ₹485 crore on revenue of ₹4,830 crore; in Q2 FY27 (July–September 2026) it was ₹190 crore, up 42.5% year on year. Its debt-to-equity ratio was 0.10 on 30 September 2026. Promoters held 46.74% of the shares on 30 September 2026.
Kajaria Ceramics' PE ratio is 28.9 at the 30 October 2026 close (₹1,109.20 a share): a market capitalisation of ₹17,426 crore divided by consolidated net profit attributable to shareholders of ₹602 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹485 crore) it is 35.9.
Kajaria Ceramics' net worth — shareholders' equity in its consolidated balance sheet — was ₹2,997 crore on 30 September 2026, up 2.3% from ₹2,930 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹17,426 crore at the 30 October 2026 close.
Kajaria Ceramics' book value per share was ₹190.80 on 30 September 2026: shareholders' equity of ₹2,997 crore divided by the 15.71 crore shares in issue, up 3.7% from ₹183.91 a year earlier. The share price at the 30 October 2026 close was ₹1,109.20.
Kajaria Ceramics' price-to-book (PB) ratio is 5.81 at the 30 October 2026 close: a market capitalisation of ₹17,426 crore divided by shareholders' equity (book value) of ₹2,997 crore on 30 September 2026. That is a book value of ₹190.80 per share against a share price of ₹1,109.20.
Kajaria Ceramics' debt-to-equity ratio was 0.10 on 30 September 2026: borrowings of ₹306 crore against total equity of ₹3,055 crore. A year earlier, on 30 September 2025, it was 0.07.
In FY26, Kajaria Ceramics' return on equity (ROE) was 16.7% and its return on capital employed (ROCE) was 21.7%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 11.0% and ROCE 15.6%.
Kajaria Ceramics' market capitalisation was ₹17,426 crore at the 30 October 2026 close: 15.71 crore shares at ₹1,109.20 each.
No. Kajaria Ceramics had borrowings of ₹306 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.10. Its cash and current investments were ₹785 crore, so it held net cash of ₹479 crore.
Kajaria Ceramics' basic earnings per share (EPS) were ₹30.48 in FY26, against ₹18.48 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹37.95.
Kajaria Ceramics' dividend yield is 1.62% at the 30 October 2026 close: dividends of ₹18 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹1,109.20. They were ₹12 on 29 October 2026 (interim) and ₹6 on 21 September 2026.
Promoters held 46.74% of Kajaria Ceramics on 30 September 2026, down 0.95 percentage points from 47.69% the previous quarter and down 0.87 percentage points from 47.61% a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Kajaria Ceramics generated ₹667 crore of cash from operations and spent ₹127 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹539 crore. In FY25 it was ₹280 crore.
In 2026, Kajaria Ceramics has declared two dividends totalling ₹18 a share: ₹6 with record date 21 September 2026 and ₹12 (interim) with record date 29 October 2026.
Kajaria Ceramics' latest results are for Q2 FY27 (July–September 2026), filed on 24 October 2026: consolidated net profit attributable to shareholders ₹190 crore, up 42.5% from ₹133 crore in Q2 FY26; revenue from operations ₹1,468 crore, up 23.8% year on year.
Kajaria Ceramics has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
On 30 September 2026, Kajaria Ceramics' shares were held by promoters 46.74%, foreign portfolio investors (FII/FPI) 12.04%, domestic institutions (DII) 26.09% (including mutual funds at 21.45%) and retail and other non-institutional investors 15.12%. Over the year, FII holding was up 0.47 percentage points from 11.57% and DII holding was up 0.09 percentage points from 26.00%.
In FY26 (April 2025–March 2026), Kajaria Ceramics' consolidated net profit attributable to shareholders was ₹485 crore, up 64.9% from ₹294 crore in FY25, on revenue from operations of ₹4,830 crore (up 4.2%). Over three years, from FY23, net profit was up 40.9%.
At the 30 October 2026 closing prices, on FY26 net profit attributable to shareholders, Kajaria Ceramics' PE ratio is 35.9, the highest of the four: Cera Sanitaryware 27.8, JSW Dulux 0.6 and IKIO Technologies 32.9, a peer average of 20.4. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Cera Sanitaryware, JSW Dulux and IKIO Technologies: Kajaria Ceramics' operating margin of 14.4% is the highest of the four (Cera Sanitaryware 11.2%, JSW Dulux 12.0%, IKIO Technologies 7.8%; peer average 10.4%); its return on equity of 16.7% is the second highest of the four (Cera Sanitaryware 14.5%, JSW Dulux 104.4%, IKIO Technologies 6.5%; peer average 41.8%); its revenue growth over three years of 3.3% a year is the third highest of the four (Cera Sanitaryware 4.4% a year, JSW Dulux −1.8% a year, IKIO Technologies 18.4% a year; peer average 7.0% a year).
In FY26, Kajaria Ceramics earned net profit attributable to shareholders of ₹485 crore on revenue of ₹4,830 crore, against ₹204 crore on ₹2,050 crore for Cera Sanitaryware. Kajaria Ceramics' operating margin was 14.4% (Cera Sanitaryware 11.2%) and its return on equity 16.7% (Cera Sanitaryware 14.5%). At the 30 October 2026 close, Kajaria Ceramics' market capitalisation was ₹17,426 crore against ₹5,683 crore for Cera Sanitaryware, and its PE ratio on FY26 profit 35.9 against 27.8.
From Kajaria Ceramics' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.