Kajaria Ceramics Limited CC-Mar25.pdf · 2025-05-06
Hi, thank you for this opportunity . Sir my question is on real estate cycle which a couple of participants and you have touched upon earlier. So, I believe there were a lot of launches around FY ‘22 and ‘ 23 which, as you just mentioned, should get reflected in an up cycle for tiles companies and other building material players in FY ‘26 and maybe FY ‘2 5. So that is largely on the Tier-1 side where you highlighted that 15%, 18% of your sales come from. Do you also believe that things are picking up in Tier -2 and to an extent in Tier -3 as well? And if yes, are there already some signals, etc., that you are seeing on the ground, or any hard data on projects etc. that you are tracking?
Got it. But the demand, like Tier-1 we are expecting the demand to revive a lot at an industry level, right, because of all of these new launch completions that was started in FY ‘22 and FY ‘23.