Kajaria Ceramics share price: Sharekhan retains Buy rating with a revised price target of Rs 1200
Kajaria Ceramics is expected to benefit from a strong demand growth outlook for the domestic tile industry. 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 residential real estate market especially the new construction segment. The residential segment (comprised more than 80% of the tile demand in 2019) is slated to grow at 9% CAGR over 2020-2027. Kajarai Ceramics stock price today Rs 988, down Rs 10 or 1%.
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 residential real estate market especially the new construction segment: Image taken from companies website