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[November 2008]
CERA’s Net Profit Up by 76%
India’s premium bathroom solutions major, CERA Sanitaryware Limited has announced its unaudited financial results for the quarter ended 30th September 2008, which was approved by its Board of Directors at its meeting held at Kolkata, showing a 40% jump in its net sales as compared to corresponding quarter in the previous year. The sales leaped from Rs.2947.41 Lakhs to Rs.4140.37 lakhs.
The net profit also grew by 76% from Rs. 215.23 lakhs to Rs. 379.05 lakhs. The operating profit also shot up by 52%, from Rs.518.35 lakhs to Rs.789.56 lakhs.
The EPS (annualized) also showed a quantum leap from Rs.14.08 to Rs.24.49.Commenting on the company's performance, Mr. Vidush Somany, Director, CERA Sanitaryware Limited said, "The results depict the robust performance of the company, which is in line with our strategy to keep up the pace and performance to serve the interest of our stakeholders. The company has shown strong performance across the entire spectrum of operations, and based on strong fundamentals, we are confident to continue growing robustly in future as well."
According to Mr. S. K. Nema, CEO & whole-time Director of the Company, “Cera has consistently tried to keep pace with changing market dynamics and consumer preferences and tried to add value at every point in its operational process chain. The growth is a reflection of CERA’s longstanding commitment to maximize returns for its stakeholders by bringing in innovation, high quality standards as well as with a strong focus on high value for money to its customers.”
CERA, launched in 1980, has a pioneering status in Indian Sanitaryware Industry, with Cera range of products occupying a place of pride among discerning buyers looking for luxury at reasonable price points. They have a manufacturing plant near Ahmedabad for manufacturing 2.2 million pieces of Sanitaryware per annum, making it the biggest plant in the country. CERA has been consistently growing at above 25% in the past several years. Apart from Sanitaryware, CERA also provides taps and shower products, making it a total bathroom solutions provider.
CERA’s products are marketed through the nationwide network of 500 direct dealers and around 5000 retailers. Also, CERA has largest number of display centres in the country, which are called CERA Bath Studios. CERA also has started CERA Bath Galleries in collaboration with its dealers. CERA VOGUE, their new boutique stores for premium tiles sourced from all over world, offers best of tiles to architects, interior designers and high-end customers, who are looking for exclusive and customized options.
ENDS