Cera Sanitaryware Reported Best-ever Revenue For Q3FY23

The operating income for Cera during January to March was Rs 530.4 crore, up 21% from the Rs 438.7 crore reported in Q4FY22. Additionally, in Q4FY23, its profit after tax increased by around 21% year over year to Rs 62.9 crore. However, Ebitda increased by 3.3% from Rs 82.4 crore to Rs 85.1 crore.

"Revenue for FY23 increased by 24.6% to Rs 1,796 crore from Rs 1,442 crore for FY22. Ebitda increased by 32% YoY to Rs 323 crore in FY23, while profit after tax increased by 41% YoY at Rs 210 crore. In Q4FY23, our Sanitary Ware and Faucet divisions, which saw revenue growth of 18% and 29% annually, respectively, contributed for 53% and 35% of our total revenue. Vikram Somany, Chairman and Managing Director of Cera Sanitaryware. The management stated that it is committed to promoting an enhanced product range, with new items introduced in the last three years set to debut in Q4FY23. Their percentage of the total revenue for the quarter rose to 34% as a result. Our Ebitda margin has steadily increased as a result of efforts to increase factory productivity and cost-saving strategies.

The board has recommended a dividend of Rs 50 per share, or 1,000% of face value, for FY22-23. This is greater than the combined dividend of Rs 35 per share, or 700% of the distribution's face value for FY22.