Cera Sanitaryware Limited Earnings Summary — Q1 FY2027
Cera Sanitaryware Reports 19% Revenue Growth and Robust Net Profit Expansion in Q1 FY27
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue declined 22.1% sequentially in Q1 FY2027.
- Revenue of ₹486 Cr is 19.5% higher year-on-year.
- Revenue has compounded at -5.1% annualised over the last 10 quarters.
- Net profit of ₹45 Cr is 2.6% below the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at -20.1% annualised across the period.
- Operating margin stands at 10.1% in Q1 FY2027.
- Operating margin compressed by 292 bps year-on-year.
- Over the last two years operating margin has contracted by 398 bps.
- PBT margin is 12.3%.
- Expenses grew 23.5% against revenue growth of 19.5%.
- Operating profit of ₹49 Cr is 7.3% lower year-on-year.
- Operating leverage has been under pressure recently.
- 5 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 43/100 (Moderate) on the latest 10 quarters.
- Business momentum has softened and warrants monitoring.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Stable | 486 | 624 | 499 | 488 | 407 | 578 | 449 | 490 | 398 | 547 |
| Expenses | Stable | 437 | 526 | 448 | 421 | 354 | 472 | 390 | 420 | 342 | 455 |
| Operating Profit | Volatile | 49 | 98 | 51 | 67 | 53 | 106 | 59 | 70 | 56 | 92 |
| Operating Margin | Stable | 10.1% | 15.7% | 10.2% | 13.8% | 13.1% | 18.3% | 13.2% | 14.2% | 14.1% | 16.9% |
| Other Income | Volatile | 21 | 17 | -7 | 17 | 19 | 14 | 12 | 18 | 16 | 16 |
| Interest | Improving | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 3 | 1 | 1 |
| Depreciation | Stable | 9 | 10 | 10 | 10 | 9 | 10 | 10 | 10 | 8 | 9 |
| Profit Before Tax | Volatile | 60 | 104 | 32 | 72 | 61 | 108 | 60 | 75 | 63 | 98 |
| Tax | Volatile | 15 | 26 | 9 | 16 | 15 | 22 | 14 | 7 | 16 | 23 |
| Net Profit | Volatile | 45 | 77 | 24 | 57 | 47 | 86 | 46 | 68 | 47 | 75 |
| Net Margin | Volatile | 9.3% | 12.4% | 4.7% | 11.6% | 11.4% | 14.8% | 10.2% | 13.9% | 11.8% | 13.7% |
Key Takeaways
- Revenue from operations grew by 19.5% year-on-year to ₹485.98 crore, driven by domestic demand for building products.
- Net Profit increased nearly 20% YoY to ₹45.31 crore, showing strong bottom-line resilience despite seasonal sequential pressure.
- The company maintains a healthy cash position and a nearly zero net debt balance sheet, supporting its lifestyle brand transition.
- Other income saw a significant jump to ₹21.29 crore, compared to ₹18.60 crore in the same period last year and ₹6.29 crore in the previous quarter.
- Management noted the impact of New Labour Codes, reversing an excess provision of ₹1,065.29 lakhs in the previous fiscal year.
- A final dividend of ₹75 per share for FY26 was approved by shareholders in July 2026.
Management Guidance
Management remains focused on the 'Senator' and 'Luxe' premium brands to drive premiumization and digital transformation through 'Style Studio' experience centers. They continue to monitor the finalization of Central and State Rules regarding the New Labour Codes for any future financial impacts.
Sentiment Shift
Stable
Year-on-year growth remains robust at nearly 20%, though sequential performance reflects typical Q1 seasonality in the building materials sector.
Outlook
The company is well-positioned to benefit from the real estate cycle recovery, leveraging its strong brand equity in sanitaryware and faucetware. The shift toward higher-margin premium segments is expected to counter raw material volatility.
From the Annual Report (Key Quotes)
“The Company operates mainly in manufacturing of 'Building Products' and all other activities are incidental thereto.”
“The figures for the quarter ended 31st March, 2026 are the balancing figures between the audited figures in respect of full financial year and unaudited year to date figures.”
“The Board of Directors of the Company recommended a dividend of ₹75 /- per fully paid-up equity share.”
Official Quarterly Documents
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This summary is AI-generated from Cera Sanitaryware Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.