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Dull finish for tile stocks as cos brace for muted end to FY25
Mint Chennai
|March 18, 2025
Cracks have deepened in the share prices of listed tile makers. Slower offtake due to sluggish demand and margin pressure amid industry headwinds signal a tepid finish to FY25.
Cracks have deepened in the share prices of listed tile makers. Slower offtake due to sluggish demand and margin pressure amid industry headwinds signal a tepid finish to FY25. Stocks of Kajaria Ceramics Ltd, Cera Sanitaryware Ltd, Prism Johnson Ltd, and Somany Ceramics Ltd hit 52-week lows in March, falling 24-32% this fiscal year.
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