$KAJARIACER Focus on premium product portfolio

$KAJARIACER 1. 1. Demand recovery in housing and real estate Kajaria Ceramics continues to benefit from improving demand in the housing, renovation and real estate sectors. Residential construction remains a key driver for tile and sanitaryware demand. 2. Focus on premium product portfolio The company is expanding its premium offerings across: Vitrified tiles Glazed vitrified tiles Bathware Sanitaryware Premiumization is helping improve product mix and profitability. 3. Expansion in sanitaryware and bathware Kajaria is strengthening its presence beyond tiles through its sanitaryware and bathware businesses. This diversification is aimed at creating a complete building-materials portfolio. 4. Capacity utilization improving The company continues to focus on optimizing production and improving utilization levels across manufacturing facilities. Better utilization supports operating leverage and margin improvement. 5. Export opportunities remain positive Kajaria continues to explore export opportunities in international markets, although domestic demand remains the primary growth driver. 6. Raw material and gas cost trends Natural gas remains an important input cost for ceramic tile manufacturers. Lower energy costs generally support margins, while higher gas prices can create pressure on profitability. 7. Strong distribution network Kajaria maintains one of the largest dealer and distributor networks in the Indian tiles industry. This extensive reach remains a key competitive advantage. 8. Stock performance The stock remains influenced by: Real estate demand Construction activity Input cost trends Consumer spending in home improvement