Home Retail Total revenue of Cera Sanitaryware up by 34 per cent

    Total revenue of Cera Sanitaryware up by 34 per cent

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    Gujarat-based (CSL), which is the largest and only listed company in pure sanitary ware space in India, announced an all-time high revenue of Rs 107.58 crore for the year ended March 31, 2007 – up by 33.4 per cent from Rs 80.64 crore. Net profit has crossed the Rs 9.07 crore mark from Rs. 5.90 crore, a jump of 54 per cent over the previous year due to higher sales and better operating margins. Gross profit of the company has crossed Rs 17.52 Crores – up by 51 per cent from 11.64 crore in the previous year.

    , chairman & managing director, Cera Sanitaryware Ltd, said, “Cera Sanitaryware is growing at more than 28 per cent in the last 3 years, and it is the fastest-growing sanitary ware company in India. We are the third largest company in the organised sector with over 20 per cent market share. Cera Sanitaryware Ltd is poised to become a total bathroom solutions provider and will soon launch premium vitrified floor tiles in Indian market. The overall sales volume from manufacturing division alone is estimated to increase by 30 per cent in FY 08, due to the increase in capacities.”

    , executive director, Cera Sanitaryware Ltd, said, “We have made the right moves to increase our market share through expansion of our manufacturing facility, better revenue mix, and increase in range of our products. Improved operating margins are the result of increase in realisations, better product mix and higher efficiency at plant.”

    CSL’s total income at Rs 34.34 crore for the fourth quarter ended March 31, 2007 was up 42 per cent, compared to Rs 24.26 crore in the corresponding quarter last year. Net profit of the company stood at Rs 3.18 crore, registering growth of 48 per cent, compared to a net profit of Rs 2.15 crore for the corresponding period the previous year.

    The Operating Profit for Q4 grew by 75.49 per cent year-to-year from an operating profit of Rs. 4.08 crores in the corresponding quarter of the last year. Other expenditure Rs. 27.18 crores has gone up by 34 per cent compared to other expenditure of Rs. 20.22 crores for the corresponding period in the previous year.

    The company’s Net Sales, PBIDT and PAT have registered a CAGR of 26.80 per cent, 43.81 per cent and 65.60 per cent respectively, over the last five years. Operating Margins for the company increased to 19.80 per cent in the current fiscal compared to 13.03 per cent last year. EPS for the year 2006 – 07 rose to Rs. 16.76 v/s Rs. 10.98 for 2005 – 06.