The ceramic industry is expected to witness a moderate growth over medium term with slight improvement in operating profitability.
Though revenue growth of the domestic market is expected to remain moderate supported by increase in average realization as demand to moderate. However, exports will continue to drive growth due to improved competitiveness in global market.
The profitability of the ceramic players is expected to improve marginally over the medium term, buoyed by stable nature gas prices and improving domestic realization.
Supported by stable operating performance, the credit profiles of manufacturers expected to remain healthy this fiscal. With moderate capital expenditure requirements, the need for significant debt addition is mitigated, which will also support the credit profiles.
Given this backdrop, Crisil Ratings is organizing a webinar on the ceramic tiles sector, titled 'Steady growth with stable profitability', where our experts will delve into:
Demand outlook for the ceramic industry
Competitiveness of India's ceramic players in export markets
Operating profitability amid stable energy prices
Credit outlook
This will be followed by a panel discussion with industry experts and a Q&A session.
Disclaimer: This event and its content are intellectual property and confidential information of Crisil. Any use of the same without written permission of Crisil is illegal and hence punishable. Recording the webinar in any form in full or part or copying, altering, distributing or streaming the webinar is strictly prohibited and violation will attract legal action.
