Mumbai, May 6 || Kajaria Ceramics Limited on Tuesday reported a sharp 59 per cent drop in its consolidated net profit for the January-March quarter (Q4 FY25), as sluggish domestic demand and losses from discontinued plywood operations weighed on its performance.
India’s largest tile manufacturer posted a net profit of Rs 43 crore for the fourth quarter, down from Rs 104 crore in the same period last fiscal, according to its stock exchange filing.
The company attributed the decline mainly to Rs 30.79 crore loss from its now discontinued plywood business.
While overall revenue from operations grew slightly by 1.1 per cent year-on-year (YoY) to Rs 1,222 crore, the company said domestic tile demand remained muted due to a slowdown in the real estate sector.
The earnings before interest, taxes, depreciation, and Amortisation (EBITDA) also fell by 20 per cent to Rs 138.4 crore, with operating margins narrowing to 11.3 per cent, compared to 14.3 per cent a year earlier.
Despite the weak demand, Kajaria saw tile volumes increase by 2 per cent in the quarter and 6 per cent over the financial year, reaching 114.7 million square metres in annual sales.
The company’s chairman noted that both export and domestic markets were soft during the quarter.