Kajaria Ceramics is expected to benefit from a strong demand growth outlook for the domestic tile industry. The Indian tile industry valued at $3720 mn is expected to grow at a CAGR of 8.6% in value terms over 2020-2027 driven by the residential real estate market especially the new construction segment. The residential segment (comprising more than 80% of the tile demand in 2019) is slated to grow at 9% CAGR over 2020-2027. Kajaani Ceramics stock price today Rs 988, down Rs 10 or 1%.
Similarly, the new construction segment comprises 85% of the tile demand which is expected to grow at 8.8% CAGR over 2020-2027. Kajaria Ceramics had witnessed a 10.5% YoY rise in tile volumes in Q3 FY21 led by demand continuing from tier 1 to 3 cities along with a pickup in demand from metros.
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