CERA SANITARYWARE LTD. Q3 FY25 Results

Amid persistent macroeconomic challenges and a subdued demand environment, Cera Sanitaryware Ltd. achieved Q3 FY25 revenues of * 4,493 million and EBITDA of = 715 million. Our sanitaryware and faucetware business segments accounted for 50% and 37% of total revenues, respectively. While market headwinds continued to test the industry, our operational agility and core strengths allowed us to mitigate external pressures and maintain a resilient performance. Notably, the B2B segment gained momentum during the quarter, which partially offset the slower demand in the retail space. Cera, our flagship brand, continues to demonstrate resilience and is poised to maintain its long- term growth trajectory. At the same time, we are implementing strategic initiatives to tap into the expanding luxury segment through our Senator and Luxe brands. Our product development efforts are progressing well, and in Q3 FY25, we successfully developed 158 new SKUs under Senator brand and launched 104 new SKUs under CERA brand. Alongside product innovation, we are steadily implementing plans to expand our exclusive stores and enhance product displays. The recent Union Budget has introduced several positive measures aimed at boosting consumer sentiment and discretionary spending. We anticipate that improved consumption and increased infrastructure investments will have a favorable impact on market demand for our products. Moving forward, Cera is well-positioned to navigate short-term challenges while leveraging its inherent strengths to capitalize on the expected demand recovery.