BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Religare maintains hold on Kajaria Ceramics
Kajaria Ceramics reported lower-than-expected revenue growth of 8.4 per cent in Q1, with volume growth of 6.2 per cent. Its EBITDA margin expanded by 460 basis points to 21.5 per cent, which was better than estimates. We have increased our earnings estimates for FY17 and FY18 by 2-4 per cent and have revised target price to Rs 1,090 from Rs 990 earlier.