The Indian ceramic tiles market size is estimated to have been 172 billion INR in 2012 and is expected to reach 301 billion INR by 2016 growing at a CAGR of 15%.

A large number of small or medium-scale manufacturers operate in the unorganized segment, mainly through plants in Gujarat.

Please check  what industry leaders opinion about the sector;

  • See 10-12% vol growth; 100 bps margin expansion by FY17: Kajaria
  • CMD of the company said that margin growth was aided by lower fuel cost. However, the volume growth was restricted due to the Chennai floods last, he added.
  • Tiles industry needs atleast 50% duty protection: Nitco
  • With recession in China, and manufacturers there not having local outlet, has resulted in them dumping tiles into India, says Vivek Talwar, CMD, Nitco.
  • See better growth next year on Anjali Tiles JV: Cera Sanitary

Cera Sanitaryware   released its third quarter results on Tuesday where the company reported a revenue gain of 11.6 percent to Rs 233.5 crore and a margins improvement of 110 basis points (bps) to 15.3 percent on a year-on-year basis.

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