Cera Sanitaryware Ltd.(NSE: CERA): Q3FY23 Results Out; Total Income rise 15% YoY

Cera Sanitaryware Ltd.(NSE: CERA) is an Indian company that manufactures and markets sanitaryware and faucets. The company’s product range includes sanitaryware, faucets, tiles, wellness products, and kitchen sinks. It operates through a network of dealers and retailers across India and exports to over 35 countries.

Cera Sanitaryware Ltd is a company that specializes in the manufacturing and selling of sanitaryware and faucetware products. The company has reported strong financial results for Q3FY23, with a revenue of Rs 4,558 million, EBITDA of Rs 866 million, and a PAT of Rs 564 million. The company attributes its success to sustained interest from customers in upgrading their homes, as well as progress made in expanding the production capabilities of its faucetware division and selecting a suitable piece of land in Gujarat for the construction of a new sanitaryware facility.

The company’s focus on retail sales has helped it capitalize on its well-established brand recognition and achieve sustained growth in its key business segments. The trend of premiumization across its new-age and high-margin products remains strong, with customers demonstrating a preference for items with improved features, sleek design, and a growing technological presence.

In terms of financial performance, the company has reported a total income of Rs. 471.0643 crores for the period ended December 31, 2022, compared to Rs. 392.3515 crores for the period ended December 31, 2021. The company’s net profit for the period ended December 31, 2022, was Rs. 56.4153 crores, compared to Rs. 42.4224 crores for the period ended December 31, 2021. The company’s EPS for the period ended December 31, 2022, was Rs. 43.38, compared to Rs. 32.62 for the period ended December 31, 2021.

Overall, Cera Sanitaryware’s strong financial results and progress in expanding its production capabilities and distribution network position the company well for sustained growth in the future.