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Rs 6 Final Dividend: Kajaria Ceramics Sets September 21 as Record Date
Kajaria Ceramics has finalized the timeline for its FY26 final dividend of Rs 6 per share, which was initially recommended in April 2026. The company has fixed September 21, 2026, as the record date to determine shareholder eligibility. The 40th Annual General Meeting (AGM) is scheduled for September 15, 2026, to formally declare the dividend. If approved, the payout will be completed by October 14, 2026, representing a dividend yield of approximately 0.49% on the current price.
Confidence: HIGH
What changedThe company has transitioned from a dividend recommendation to a fixed timeline with a specific record date and payment deadline.
Why it mattersThis is a routine but necessary administrative step for the distribution of profits to shareholders; the yield is relatively low at ~0.5%, indicating a conservative payout for this period.
Final Dividend: Rs 6 per shareDividend Yield: ~0.49%Payout Ratio (FY26 EPS): ~19.7%Record Date: September 21, 2026Payment Deadline: October 14, 2026
📅 Short termThe stock may see minor price adjustments around the ex-dividend date in late September, though the small yield suggests limited volatility from this event.
📈 Long termLimited structural impact; the dividend reflects the company's stable cash flow position and low debt-to-equity ratio (0.03).
Key Highlights
Final dividend of Rs 6 per equity share of face value Re 1 recommended for FY26.
Record date for dividend entitlement fixed as September 21, 2026.
40th Annual General Meeting (AGM) scheduled for September 15, 2026.
Dividend payment to be completed on or before October 14, 2026.
Dividend represents approximately 19.7% of the FY26 EPS of Rs 30.48.
👀 What to Watch
Investors seeking the dividend must hold the shares before the ex-dividend date (typically one business day before the September 21 record date). Monitor the AGM on September 15 for management updates on the 'Kajaria 2.0' expansion strategy.
₹6 Fin a l Div id e n d: Ka j a r i a Ce r a m i c s Se t s Se p t e m b e r 21, 2026 a s Re c o r d Da t e
Ka j a r i a Ce r a m i c s h a s fix e d Se p t e m b e r 21, 2026, a s t h e r e c o r d da t e fo r it s fin a l div id e n d o f ₹6 p e r e q u it y s h a r e (f a c e v a l u e ₹1) fo r F Y 2025-26. Th e div id e n d w a s p r e v io u s l y r e c o m m e n d e d b y t h e Bo a r d o n Ap r il 30, 2026. Th e p a y o u t is s u b j e c t t o s h a r e h o l d e r a p p r o v a l a t t h e 40t h An n u a l Ge n e r a l Me e t in g s c h e d u l e d fo r Se p t e m b e r 15, 2026. El ig ib l e s h a r e h o l d e r s w il l r e c e iv e t h e p a y m e n t o n o r b e fo r e Oc t o b e r 14, 2026.
Confidence: HI G H
What changedTh e c o m p a n y h a s n o w s e t t h e s p e c ific t im e l in e (r e c o r d da t e a n d AG M da t e) fo r t h e dis t r ib u t io n o f t h e p r e v io u s l y r e c o m m e n d e d F Y 26 fin a l div id e n d.
Why it mattersTh is is a r o u t in e r e t u r n o f c a s h t o s h a r e h o l d e r s, r e p r e s e n t in g a p p r o x im a t e l y 19.7% o f t h e TT M EP S o f ₹30.48.
Fin a l Div id e n d: ₹6 p e r s h a r eRe c o r d Da t e: Se p t e m b e r 21, 2026Div id e n d Yie l d: ~0.49%Div id e n d Pa y o u t Ra t io: ~19.7%
📅 Short termTh e s t o c k p r ic e m a y e x p e r ie n c e a m in o r a d j u s t m e n t o n t h e e x -div id e n d da t e t o r e fl e c t t h e ₹6 p a y o u t.
📈 Long termLim it e d; t h is is a s t a n d a r d a n n u a l p r o c e d u r e fo r a p r o fit a b l e c o m p a n y w it h a s t r o n g R O C E o f 23%.
⚠ Risk flags
- No n e m a t e r ia l
Key Highlights
Fin a l div id e n d o f ₹6 p e r e q u it y s h a r e r e c o m m e n d e d fo r F Y 2025-26
Re c o r d da t e fix e d a s Mo n da y, Se p t e m b e r 21, 2026
40t h An n u a l Ge n e r a l Me e t in g (AG M) t o b e h e l d o n Se p t e m b e r 15, 2026
Div id e n d p a y m e n t t o b e c o m p l e t e d b y Oc t o b e r 14, 2026
Div id e n d r e p r e s e n t s a 600% p a y o u t o n t h e ₹1 f a c e v a l u e
👀 What to Watch
In v e s t o r s s h o u l d n o t e t h e r e c o r d da t e o f Se p t e m b e r 21, 2026; t h e s t o c k w il l l ik e l y t r a d e e x -div id e n d o n e b u s in e s s da y p r io r t o t h is da t e.
Rs 6 Final Dividend: Kajaria Ceramics Sets Record Date for Sept 21, 2026
Kajaria Ceramics has scheduled its 40th Annual General Meeting (AGM) for September 15, 2026. The company has fixed September 21, 2026, as the record date for a final dividend of Rs 6 per equity share (600% of face value). This dividend was previously recommended by the Board on April 30, 2026, following a fiscal year where PAT rose to Rs 487.44 Cr. Eligible shareholders can expect payment by October 14, 2026.
Confidence: HIGH
What changedThe company has finalized the administrative timeline for its annual shareholder meeting and the payout of its previously recommended final dividend.
Why it mattersThis is a routine but necessary procedural step to distribute profits to shareholders; the Rs 6 dividend represents a yield of approximately 0.49% based on the current price of Rs 1225.6.
Final Dividend: Rs 6 per shareFace Value: Re 1Record Date: September 21, 2026AGM Date: September 15, 2026Dividend Yield: 0.49%
📅 Short termThe stock may see minor price adjustments around the ex-dividend date in September; otherwise, the impact is expected to be neutral.
📈 Long termLimited structural significance as this is a routine annual distribution; long-term focus remains on volume growth and margin recovery from FY25 lows.
Key Highlights
Final dividend of Rs 6 per equity share of face value Re 1 recommended for FY 2025-26
Record date for dividend eligibility fixed as Monday, September 21, 2026
40th Annual General Meeting scheduled for Tuesday, September 15, 2026, at 01:00 p.m. IST
Dividend payment to be completed on or before Wednesday, October 14, 2026
AGM to be conducted via Video Conferencing (VC) / Other Audio Visual Means (OAVM)
👀 What to Watch
Investors interested in the dividend must hold shares by the record date of September 21, 2026. Monitor the upcoming AGM for management commentary on the 'Kajaria 2.0' strategy and the ramp-up of the 5 million sqm Nepal JV plant.
Rs 50 Cr acquisition of remaining CCPS in Kajaria Bathware subsidiary
Kajaria Ceramics has acquired 44,11,764 Compulsorily Convertible Preference Shares (CCPS) of its subsidiary, Kajaria Bathware Private Limited (KBPL), for Rs 50 Crores. This transaction provides an exit to Aravali Investment Holdings (WestBridge Crossover Fund), which originally invested Rs 64.50 Crores in 2018. Following this, Kajaria now holds 100% of both equity and preference shares in KBPL. While KBPL's turnover grew to Rs 413.64 Cr in FY26, the subsidiary remains loss-making with a PAT of Rs (28.49) Cr.
Confidence: HIGH
What changedKajaria Ceramics has consolidated its ownership in Kajaria Bathware Private Limited to 100% by buying out the preference shares held by an external investor.
Why it mattersThe transaction simplifies the corporate structure and terminates the 2018 Shareholders' Agreement. However, the subsidiary's loss-making status (Rs 28.49 Cr loss) remains a point of concern for consolidated margins.
Acquisition Cost: Rs 50 CroresCost vs Market Cap: 0.27%KBPL FY26 Turnover: Rs 413.64 CroresKBPL FY26 Net Loss: Rs 28.49 CroresOriginal Investment (2018): Rs 64.50 Crores
📅 Short termMinimal impact expected on the stock price as the transaction size is small relative to the company's Rs 18,797 Cr market cap.
📈 Long termFull ownership allows for better strategic integration of the bathware business under the 'Kajaria 2.0' strategy, but long-term value depends on achieving profitability in this segment.
⚠ Risk flags
- Subsidiary is currently loss-making (Rs 28.49 Cr loss in FY26)
- Acquisition of shares in a loss-making unit using parent company cash
Key Highlights
Acquired 44,11,764 CCPS of KBPL for a cash consideration of Rs 50 Crores
KBPL turnover increased to Rs 413.64 Crores in FY26 from Rs 363.47 Crores in FY24
Exit price of Rs 50 Cr is lower than the original Rs 64.50 Cr investment made by Aravali in 2018
KBPL reported a net loss of Rs 28.49 Crores for the financial year ended March 31, 2026
Kajaria now holds 100% control of both equity and CCPS in the bathware subsidiary
👀 What to Watch
Investors should monitor the turnaround timeline for the bathware segment, as it remains a drag on consolidated profitability despite steady revenue growth.
20% Revenue Growth and ₹400 Cr FY27 Capex Plan: Kajaria Ceramics Q1 FY27 Analysis
Kajaria Ceramics reported a strong Q1 FY27 with consolidated revenue growing 20% YoY to ₹1,328 cr and PAT rising 55% to ₹169 cr. EBITDA margins expanded significantly to 19.60% from 16.72% YoY, driven by a 10-11% price hike and improved cost efficiencies relative to unorganized competitors. Management has provided a confident double-digit volume growth guidance for the next nine months, supported by a ₹400 cr capex plan including a new 11 MSM line at Gailpur. The company is also consolidating its Bathware business by acquiring the remaining 15% stake in Kerovit.
Confidence: HIGH
What changedKajaria has shifted from a cautious stance to providing firm double-digit volume growth guidance for the remainder of FY27, backed by aggressive capacity expansion and a narrowing price gap with unorganized players.
Why it mattersThe margin expansion to nearly 20% and the ₹400 cr capex (approx. 8.3% of TTM revenue) signal strong pricing power and a strategic push to capture market share from the unorganized sector as their cost advantages diminish.
Q1 FY27 Revenue: ₹1,328 crQ1 FY27 PAT: ₹169 crFY27 Planned Capex: ₹400 crCapex vs TTM Revenue: 8.28%EBITDA Margin: 19.60%Working Capital Cycle: 46 days
📅 Short termThe stock may see positive sentiment due to the significant PAT growth and the management's confident volume guidance for the upcoming quarters.
📈 Long termThe 'Kajaria 2.0' strategy, focusing on distribution expansion in Tier-II/III cities and scaling Bathware/Adhesives into core pillars, positions the company for structural market share gains.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Volatility in natural gas prices (Morbi prices spiked from ₹48 to ₹88/SCM)
- Geopolitical disruptions in the Middle East affecting supply chains
- Execution risk on the 21 MSM total capacity expansion
Key Highlights
Consolidated revenue increased 20% YoY to ₹1,328 cr, while PAT grew 55% to ₹169 cr in Q1 FY27.
Management announced a ₹400 cr capex for FY27, including a new 11 million square meter (MSM) line at Gailpur and a 10 MSM brownfield expansion at Srikalahasti.
EBITDA margins improved to 19.60% compared to 16.72% in Q1 FY26, aided by price realizations and multi-location gas sourcing.
Bathware segment revenue grew 33% YoY to ₹122 cr, with a full-year value growth target of 35-40%.
Working capital cycle improved by 5 days, reducing from 51 days in March 2026 to 46 days in June 2026.
👀 What to Watch
Investors should monitor the execution timeline of the Gailpur and Srikalahasti expansions and track if the double-digit volume growth guidance is met in Q2, especially given the volatility in natural gas prices.
20% Revenue Growth and ₹165 Cr New Expansion in Q1 FY27 for Kajaria Ceramics
Kajaria Ceramics reported a strong Q1 FY27 with consolidated revenue increasing 20% YoY to ₹1,328.08 cr, primarily driven by price increases despite a weak April. EBITDA margins expanded significantly to 19.60% from 16.72% in the same quarter last year, resulting in a 55% YoY jump in PAT to ₹169.46 cr. The company announced a new 11 MSM brownfield expansion at Gailpur for ₹165 cr, adding to the ongoing 10 MSM expansion at Srikalahasti. Additionally, a ₹296.70 cr share buyback was completed during the period.
Confidence: HIGH
What changedKajaria has reported a significant margin recovery and announced a fresh ₹165 cr capacity expansion at its Gailpur facility.
Why it mattersThe strong margin expansion despite modest volume growth (6%) indicates pricing power; the new capacity additions will support the 'Kajaria 2.0' growth strategy to maintain market leadership.
Q1 FY27 Revenue: ₹1,328.08 crQ1 FY27 PAT: ₹169.46 crEBITDA Margin: 19.60%New Gailpur Capex: ₹165 crCapex vs TTM Revenue: ~3.4%Buyback Price: ₹1,380 per share
📅 Short termThe stock may react positively to the sharp 55% PAT growth and margin expansion, which exceeded market expectations relative to volume growth.
📈 Long termStructural growth remains intact as the company adds 21 MSM of capacity (approx 25% of current capacity) over the next year, focusing on high-margin vitrified tiles.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Volatility in natural gas prices
- Pricing pressure from unorganized Morbi segment
- Execution risk for simultaneous brownfield expansions
Key Highlights
Consolidated revenue grew 20% YoY to ₹1,328.08 cr in Q1 FY27
EBITDA margin improved by 288 bps YoY to 19.60% from 16.72%
Announced new 11 MSM capacity expansion at Gailpur for ₹165 cr, expected by April 2027
Tile sales volume increased 6% YoY to 28.80 MSM
Completed buyback of 21.50 lakh equity shares at ₹1,380 per share, totaling ₹296.70 cr
👀 What to Watch
Monitor the execution of the two major expansions (Gailpur and Srikalahasti) totaling 21 MSM, and track natural gas price trends which remain a key margin driver.
₹165 Cr Expansion & Q1 Results: Kajaria to Add 11 MSM Capacity; Q1 PAT at ₹171 Cr
Kajaria Ceramics reported a consolidated net profit of ₹171.03 cr for Q1 FY27. The Board approved a significant brownfield expansion at its Gailpur (Rajasthan) facility to add 11 MSM of annual production capacity for Glazed Vitrified Tiles. This expansion involves a ₹165 cr investment (~5.7% of net worth) funded via internal accruals, targeting completion by April 2027. Additionally, the company is investing ₹12.15 cr in a renewable energy SPV to lower power costs at its Rajasthan plants.
Confidence: HIGH
What changedKajaria has committed to a new capacity expansion phase and a strategic shift toward captive renewable energy to manage production costs.
Why it mattersThe 11 MSM capacity addition targets the high-demand Glazed Vitrified Tiles segment, while the renewable energy investment addresses the risk of volatile power costs in the energy-intensive ceramics industry.
Expansion Capex: ₹165 crCapex vs Net Worth: ~5.7%Proposed Capacity Addition: 11 MSMQ1 FY27 Consolidated PAT: ₹171.03 crRenewable Energy Investment: ₹12.15 cr
📅 Short termThe steady Q1 earnings growth and the announcement of a self-funded expansion are likely to be viewed positively by the market in the coming weeks.
📈 Long termThe expansion strengthens Kajaria's market leadership in the organized segment, while the shift to renewable energy provides a structural hedge against rising energy prices.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk associated with the April 2027 commissioning timeline
- Continued sensitivity to natural gas price volatility for remaining energy needs
Key Highlights
Approved expansion of Gailpur plant by 11 MSM per annum, a ~10% increase over current annual sales volume of 114.69 MSM
Investment of ₹165 cr for the expansion to be funded entirely through internal accruals
Consolidated Net Profit for Q1 FY27 stood at ₹171.03 cr compared to ₹110.31 cr in the year-ago quarter
Investment of ₹12.15 cr in Sunsure Solarpark for captive solar and wind power consumption
Expansion project is expected to be commissioned by April 2027
👀 What to Watch
Monitor the execution progress of the Gailpur expansion and the impact of the renewable energy shift on operating margins, which are sensitive to power and fuel costs.
Kajaria Ceramics to invest ‡165 Cr for 11 MSM capacity expansion; Q1 PAT at ‡171 Cr
Kajaria Ceramics has approved a ‡165 crore brownfield expansion at its Gailpur (Rajasthan) facility to add 11 MSM of Glazed Vitrified Tiles (GVT) capacity by April 2027. This expansion is critical as the existing 35.95 MSM capacity at the site is currently operating at 100% utilization. Additionally, the company is investing ‡12.15 crore in a renewable energy project to reduce power costs at its Rajasthan plants. For Q1 FY27, the company reported a consolidated net profit of ‡171.03 crore, showing strong growth over the ‡110.31 crore reported in the same quarter last year.
Confidence: HIGH
What changedKajaria has committed to a ~10% increase in its total annual sales volume capacity and initiated a strategic shift toward captive renewable energy for its Rajasthan manufacturing cluster.
Why it mattersThe expansion targets the high-growth Glazed Vitrified Tiles segment while the renewable energy investment addresses the risk of volatile power costs, which is a major component of ceramic production expenses.
Expansion Investment: ‡165 CroresCapacity Addition: 11 MSMInvestment vs Net Worth: ~5.7%Q1 FY27 Consolidated PAT: ‡171.03 CroresRenewable Energy Investment: ‡12.15 CroresExpected Completion: April 2027
📅 Short termThe stock may see positive sentiment driven by the 100% utilization report and the commitment to growth through internal accruals without taking on debt.
📈 Long termThe expansion solidifies Kajaria's market leadership in the GVT segment, while the shift to renewable energy provides a structural hedge against energy inflation over the next decade.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk related to the April 2027 completion timeline
- Potential pricing pressure from unorganized players in the Morbi hub
Key Highlights
Proposed capacity addition of 11 MSM tiles per annum at the Gailpur plant, representing a 30.6% increase for that facility.
Total investment of ‡165 Crores to be funded entirely through internal accruals, reflecting a strong balance sheet.
Existing Gailpur capacity of 35.95 MSM is at 100% utilization, necessitating the expansion to meet GVT demand.
Investment of ‡12.15 Crores in Sunsure Solarpark for captive solar and wind power to lower operating expenses.
Consolidated Q1 FY27 revenue from operations stood at ‡1,190.08 crore with a net profit of ‡171.03 crore.
👀 What to Watch
Monitor the construction progress at Gailpur toward the April 2027 deadline and track the impact of renewable energy integration on EBITDA margins in upcoming quarters.
Rs 165 Cr Capex for 11 MSM Expansion; Q1 Net Profit Surges 55% YoY to Rs 171 Cr
Kajaria Ceramics reported a strong Q1 FY27 with standalone revenue growing 18.1% YoY to Rs 1,190.08 Cr and net profit rising 55% to Rs 171.03 Cr. The board approved a Rs 165 Cr brownfield expansion at its Gailpur (Rajasthan) plant to add 11 MSM of Glazed Vitrified Tiles capacity, targeting completion by April 2027. To optimize costs, the company is also investing Rs 12.15 Cr in a renewable energy project for captive consumption at its Rajasthan facilities. Additionally, a Rs 296.70 Cr buyback at Rs 1,380 per share was recently concluded post-quarter end.
Confidence: HIGH
What changedApproval of a significant 11 MSM capacity expansion and a strategic shift toward captive renewable energy for Rajasthan manufacturing units.
Why it mattersThe expansion addresses 100% utilization at the Gailpur plant and targets the high-demand GVT segment, while renewable energy investments aim to mitigate volatile power costs.
Q1 Standalone Net Profit: Rs 171.03 CrExpansion Capex: Rs 165 CrCapex vs Net Worth: ~5.7%Proposed Capacity Addition: 11 MSMRenewable Energy Investment: Rs 12.15 CrBuyback Price: Rs 1,380
📅 Short termThe stock is likely to react positively to the 55% YoY profit growth and the clear growth visibility provided by the capacity expansion announcement.
📈 Long termThe expansion supports the 'Kajaria 2.0' strategy to grow above industry rates, while captive power investments should structurally improve margin resilience.
⚠ Risk flags
🔬 Flagged for deeper Multibagger analysis — view briefs →
- Execution risk for the April 2027 commissioning timeline
- Volatility in natural gas prices affecting production costs
Key Highlights
Standalone Net Profit increased 55% YoY to Rs 171.03 Cr for the quarter ended June 30, 2026
Approved Rs 165 Cr brownfield expansion to add 11 MSM annual capacity at the Gailpur plant
Gailpur facility currently operates at 100% utilization on its 35.95 MSM existing capacity
Investment of Rs 12.15 Cr in Sunsure Solarpark for captive solar and wind power generation
Expansion project is expected to be commissioned by April 2027 using internal accruals
👀 What to Watch
Monitor the execution timeline of the Gailpur expansion and the subsequent impact on Glazed Vitrified Tiles (GVT) volume growth and operating margins from FY28 onwards.
21.50 Lakh Shares Extinguished: Kajaria Ceramics Completes Buyback Process
Kajaria Ceramics has finalized the extinguishment of 21,50,000 equity shares following its buyback offer which closed on July 9, 2026. This action reduces the company's total paid-up equity share capital by approximately 1.35%, from 15,92,93,050 to 15,71,43,050 shares. As a result of the reduced share base, the promoter group's holding has marginally increased from 47.69% to 48.34%. The buyback was conducted via the tender offer route, and all extinguished shares were in dematerialized form.
Confidence: HIGH
What changedThe company has completed the legal and physical process of cancelling 2.15 million shares bought back from the market, effectively reducing its equity base.
Why it mattersA reduction in share capital typically improves financial ratios such as EPS and Return on Equity (ROE), signaling management's commitment to returning excess cash to shareholders.
Shares Extinguished: 21,50,000Capital Reduction %: ~1.35%Post-Buyback Share Capital: 15,71,43,050Post-Buyback Promoter Holding: 48.34%
📅 Short termThe market has likely already priced in the buyback; the formal closure confirms the successful execution of the corporate action.
📈 Long termLimited structural impact given the relatively small size of the buyback (1.35% of capital), though it reflects a disciplined capital allocation strategy.
Key Highlights
Extinguished 21,50,000 equity shares of Re. 1/- each on July 21, 2026
Total paid-up share capital reduced by ~1.35% to 15,71,43,050 shares
Promoter group holding increased from 47.69% to 48.34% post-extinguishment
Tendering period for the buyback was open from July 3 to July 9, 2026
Includes 20,760 shares recently allotted under the ESOP Scheme 2015 on June 27, 2026
👀 What to Watch
Investors should look for a marginal improvement in Earnings Per Share (EPS) in the upcoming quarterly results due to the reduced share count.
Rs 296.70 Cr Buyback at Rs 1,380/share; Tender offer opens July 3, 2026
Kajaria Ceramics is executing a Rs 296.70 crore share buyback via the tender route, representing 1.35% of its total equity. The buyback price of Rs 1,380 per share offers a 14.2% premium over the current market price of Rs 1,208.1. The offer is scheduled to open on July 3 and close on July 9, 2026, following the record date of June 29, 2026. Small shareholders benefit from a higher entitlement ratio of approximately 12.6% compared to 2.26% for general category investors.
Confidence: HIGH
What changedThe company has finalized the Letter of Offer and specific timeline for its previously announced share buyback program.
Why it mattersThis buyback allows the company to return surplus cash to shareholders while potentially improving EPS and ROE by reducing the total share count, although the 1.35% reduction is relatively small.
Buyback Price: Rs 1,380Total Buyback Value: Rs 296.70 CrBuyback vs Net Worth: 9.87%Shares to be bought back: 21,50,000Small Shareholder Entitlement: 12.59%General Category Entitlement: 2.26%
📅 Short termThe stock price may see support near the buyback price of Rs 1,380 in the coming weeks as the tender window opens.
📈 Long termLimited structural impact given the small percentage of equity being retired, but it demonstrates management's commitment to returning capital to shareholders.
⚠ Risk flags
- Low acceptance ratio for general category shareholders (2.26%)
- Potential for post-buyback price correction
Key Highlights
Buyback price of Rs 1,380 per share represents a 14.2% premium over the current market price of Rs 1,208.1
Total buyback size is Rs 296.70 crore, which is 9.87% of the company's consolidated paid-up capital and free reserves
The company will buy back up to 21,50,000 equity shares, accounting for 1.35% of total equity
Small shareholder entitlement ratio is set at approximately 12.6% (16 shares for every 127 held)
The tender offer window is open for five business days from July 3 to July 9, 2026
👀 What to Watch
Eligible shareholders as of the June 29 record date should review their entitlement on the registrar's website and submit tender forms before the July 9 deadline if they wish to participate.
Kajaria Ceramics to Buyback 21.5 Lakh Shares at Rs 1,380 per Share via Tender Offer
Kajaria Ceramics has received shareholder approval for a buyback of up to 21.5 lakh equity shares at a price of Rs 1,380 per share. The total buyback size is capped at Rs 296.70 crores, representing approximately 9.87% of the company's consolidated net worth. The offer will be conducted through the tender offer route on a proportionate basis. Notably, the promoters have decided not to participate, which significantly improves the potential acceptance ratio for public shareholders.
Key Highlights
Buyback price set at Rs 1,380 per share for up to 21,50,000 equity shares
Total buyback size of Rs 296.70 crores, representing 1.35% of total paid-up equity capital
Promoters and promoter group have expressed their intention not to participate in the offer
15% of the buyback is reserved for small shareholders as per SEBI regulations
The buyback represents 10.27% of standalone and 9.87% of consolidated paid-up capital and free reserves
👀 What to Watch
Retail investors should monitor for the announcement of the Record Date to determine eligibility. The non-participation of promoters makes this an attractive opportunity for public shareholders to exit at a premium.
Kajaria Ceramics Shareholders Approve Rs 296.7 Cr Buyback at Rs 1,380 per Share
Shareholders of Kajaria Ceramics have officially approved a buyback of up to 21.50 lakh equity shares through the tender offer route. The buyback price is set at Rs 1,380 per share, involving a total capital outlay of Rs 296.70 crores. The special resolution was passed with an overwhelming majority, with 97.82% of the total votes cast in favor. This move represents a return of surplus cash to shareholders and accounts for 1.35% of the company's total paid-up equity capital.
Key Highlights
Buyback of up to 21,50,000 equity shares approved via Tender Offer route
Buyback price fixed at Rs 1,380 per share, totaling Rs 296.70 crores
The buyback represents 1.35% of the existing total paid-up equity share capital
Special resolution passed with 97.82% votes in favor and 2.18% against
Promoter and Promoter Group currently hold 47.69% of the company's equity
👀 What to Watch
Investors should look out for the announcement of the official record date to determine eligibility for the tender offer. The buyback at a fixed price of Rs 1,380 may provide an attractive exit or arbitrage opportunity depending on the prevailing market price.
Kajaria Ceramics Shareholders Approve ₹296.7 Cr Buyback at ₹1,380 Per Share
Kajaria Ceramics Limited has received shareholder approval for a buyback of up to 21,50,000 equity shares at a price of ₹1,380 per share. The total buyback size is capped at ₹296.70 crores, representing 1.35% of the company's total paid-up equity capital. The special resolution was passed with an overwhelming 97.82% majority through a postal ballot process. The buyback will be executed via the tender offer route, allowing existing shareholders to participate on a proportionate basis.
Key Highlights
Approved buyback of up to 21,50,000 equity shares at a fixed price of ₹1,380 per share
Total buyback size is ₹296.70 crores, representing 1.35% of total paid-up equity capital
Special resolution passed with a 97.82% majority via postal ballot
Buyback to be conducted through the 'Tender Offer' route on a proportionate basis
👀 What to Watch
Investors should monitor for the upcoming announcement of the record date to determine eligibility for the tender offer. The buyback price of ₹1,380 provides a valuation benchmark and may support the stock price in the near term.
Kajaria Ceramics Sets June 29, 2026 as Record Date for Rs 1,380 Per Share Buyback
Kajaria Ceramics has fixed June 29, 2026, as the record date to determine shareholder eligibility for its upcoming share buyback. The company intends to repurchase up to 21,50,000 equity shares at a price of Rs 1,380 per share through the tender offer route. This corporate action is subject to shareholder approval and follows the board's proposal initially announced on April 30, 2026. The buyback represents a significant return of capital to shareholders at a specific fixed price.
Key Highlights
Record date for buyback eligibility is confirmed as June 29, 2026.
Buyback price is fixed at Rs 1,380 per equity share of Re 1 face value.
The company will repurchase up to 21,50,000 fully paid-up equity shares.
The buyback will be executed via the tender offer route, allowing all eligible shareholders to participate.
The proposal remains subject to the final approval of the company's shareholders.
👀 What to Watch
Investors wishing to participate in the buyback must ensure they hold the shares in their demat accounts by the record date of June 29, 2026. Compare the buyback price of Rs 1,380 with the prevailing market price to determine the potential gains from tendering shares.
Kajaria Ceramics Announces Buyback of 21.5 Lakh Shares at ₹1380 Per Share via Tender Offer
Kajaria Ceramics has issued a postal ballot notice to seek shareholder approval for a buyback of up to 21.50 lakh equity shares at a price of ₹1,380 per share. The total buyback size is capped at ₹296.70 crores, representing approximately 9.87% of the company's consolidated paid-up capital and free reserves. The buyback will be conducted through the tender offer route, and significantly, the promoters have opted not to participate, which may lead to higher acceptance ratios for public shareholders. The e-voting period for this resolution runs from May 24, 2026, to June 22, 2026.
Key Highlights
Buyback price of ₹1,380 per share is set for up to 21,50,000 equity shares.
Total buyback size is ₹296.70 crores, excluding taxes and transaction costs.
Promoters and promoter group have expressed their intention not to participate in the buyback.
The buyback represents 1.35% of the total number of equity shares of the company.
15% of the buyback is reserved for small shareholders as per SEBI regulations.
👀 What to Watch
Investors should check their eligibility as 'small shareholders' (holding shares worth less than ₹2 lakh) to benefit from the 15% reservation and likely higher acceptance ratio. Tendering shares at the ₹1,380 price point could be attractive depending on the market price closer to the record date.
Kajaria Ceramics Subsidiary Starts 1.08 Lakh MT Tile Adhesive Production in Tamil Nadu
Kajaria Ceramics' wholly-owned subsidiary, Kajaria Adhesive Private Limited (KAPL), has officially commenced commercial production of tile adhesives on May 20, 2026. The new manufacturing facility is located in Erode, Tamil Nadu, and features a production capacity of 1,08,000 MT per annum on a single-shift basis. This strategic move marks a significant expansion into the construction chemicals segment, complementing the company's core tile business. The expansion is expected to drive growth through cross-selling and vertical integration within the building materials space.
Key Highlights
Commencement of commercial production of tile adhesives on May 20, 2026
Manufacturing facility located at SIPCOT Industrial Growth Centre, Erode, Tamil Nadu
Annual production capacity of 1,08,000 MT based on a single-shift operation
Project executed through wholly-owned subsidiary Kajaria Adhesive Private Limited (KAPL)
👀 What to Watch
Investors should monitor the revenue contribution from this new segment in upcoming quarters as it leverages Kajaria's existing distribution network. This diversification into high-margin construction chemicals is a positive long-term growth catalyst.
Kajaria Ceramics Q4 FY26: PAT Jumps 216% to INR 136 Cr; EBITDA Margin at 19.19%
Kajaria Ceramics reported a robust Q4 FY26 with revenue increasing 12% YoY to INR 1,373 crores, supported by 11% volume growth. Profitability improved drastically as PAT rose 216% to INR 136 crores, while EBITDA margins expanded to 19.19% from 10.01% YoY. The company managed rising fuel costs through price hikes of 12-17% and improved its working capital cycle to 51 days. Management remains optimistic about maintaining 18-19% margins despite high gas prices and competition from Morbi.
Key Highlights
Consolidated revenue grew 12% YoY to INR 1,373 crores with 11% volume growth in Q4 FY26.
EBITDA margins nearly doubled YoY to 19.19%, driven by cost optimization and price hikes.
Net profit (PAT) increased significantly to INR 136 crores from INR 43 crores in the previous year.
Working capital cycle reduced by 14 days to 51 days due to better inventory and receivable management.
Adhesive segment revenue grew 110% YoY to INR 44 crores, showing strong diversification momentum.
👀 What to Watch
Investors should view the strong margin recovery and volume growth as a sign of market share gains from unorganized players. Monitor the sustainability of 18-19% margins as gas prices remain volatile and Morbi production resumes.
Kajaria Ceramics Q4 FY26: PAT Jumps 266% to ₹156 Cr; Announces Buyback and ₹210 Cr Expansion
Kajaria Ceramics reported a robust Q4 FY26 with consolidated revenue growing 12% YoY to ₹1,373.35 crore and PAT surging 266% to ₹155.75 crore. EBITDA margins saw a significant expansion to 19.19% from 10.01% in the same quarter last year, aided by cost optimization and improved sales realizations. The company announced a share buyback and a new ₹210 crore investment to expand its Srikalahasti plant capacity by 10 MSM. Management also corrected a clerical error in the previous release regarding debtors and inventory figures for March 2026.
Key Highlights
Consolidated Q4 FY26 PAT increased 266% YoY to ₹155.75 crore, while revenue grew 12% to ₹1,373.35 crore.
EBITDA margins expanded significantly to 19.19% in Q4 FY26 compared to 10.01% in Q4 FY25.
Announced a ₹210 crore expansion at the Srikalahasti facility to add 10 MSM capacity by March 2027.
Board approved a share buyback and the acquisition of the remaining 15% stake in Kajaria Bathware for ₹50 crore.
Corrected year-end working capital data shows inventory at ₹641 crore and debtors at ₹551 crore.
👀 What to Watch
The strong margin recovery and double-digit volume growth indicate a healthy demand environment and operational efficiency. Investors should monitor the buyback details and the progress of the Srikalahasti expansion as key value drivers.
Kajaria Ceramics Q4 FY26 PAT Surges 266% to ₹156 Cr; Announces Buyback & ₹210 Cr Expansion
Kajaria Ceramics reported a robust performance for Q4 FY26, with consolidated revenue growing 12% YoY to ₹1,373.35 crore and PAT jumping 266% to ₹155.75 crore. EBITDA margins saw a massive expansion to 19.19% from 10.01% in the year-ago period, driven by cost optimization and improved sales realization. The company announced a share buyback and a major ₹210 crore expansion at its Srikalahasti facility to add 10 MSM capacity by March 2027. Management also moved to consolidate ownership in its bathware and adhesive subsidiaries.
Key Highlights
Consolidated Q4 FY26 PAT grew 266% YoY to ₹155.75 crore, while full-year FY26 PAT rose 65% to ₹485.41 crore.
EBITDA margins improved significantly to 19.19% in Q4 FY26, up from 10.01% in Q4 FY25.
Board approved a ₹210 crore investment for 10 MSM Glazed Vitrified Tiles capacity expansion at Srikalahasti, expected by March 2027.
Company announced a share buyback and the acquisition of a 15% stake in Kajaria Bathware for ₹50 crore to increase its holding.
Maintained a strong net cash surplus of ₹793 crore as of March 31, 2026, with a negative net debt/equity of -0.25.
👀 What to Watch
The sharp recovery in margins and double-digit volume growth indicate strong operational momentum, making this a positive signal for long-term investors. The buyback and aggressive expansion plans suggest management's confidence in future demand and efficient capital allocation.
