Somany, Kajaria Top Stock Picks In Tiles Sector As Nirmal Bang Expects 12-13% Growth

Recently the news has come on the internet that the tiles sector may see healthy development in the medium term helped by increasing export demand and domestic market tailwinds, as per the brokerage Nirmal Bang Institutional Equities. The brokerage company has started a range on the two sectoral players- Somany Ceramica and Kajaria Ceramics with a buy call. Since the news has come on the internet and it went viral on many social networking sites. Now people are super keen to know about the whole information. Here we have shared all the information about the news and we will share it with you in this article.

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Somany Ceramics’ share cost has gained about 24% while Kajaria Ceramics’ share price has increased by about 13 % in the previous year. The brokerage firm pointed out that sectors ‘s development candidates are bright in India. It believes India’s ceramic tiles market shows tremendous growth chances for sustained development over the medium term, rowed by the government’s push for bolstering domestic display and intrinsic demand from associated sectors. In the housing sector, tiles make up between 2- 4 percent of the building expenses. Scroll down to the next page for more information about the news.

As per the report. India is the second-largest producer and customer of tiles in the world after China, with an annual consumption quantum pegged at about 2,069msm as of the calendar year 2021, as per almost 14% of the international exhibition and about 11% of the international consumption. Nirmal Bang followed “Yes, it has the lowest per capita consumption of tiles at nearly 0.6sqm versus the global average of 1.4spm, indicating important room for growth going ahead. You are on the right page for more information about the news, so please read the complete article.

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As far as we know, the market size for ceramic tiles in India is approximately 59,500 crore for 2023 and the same has been expected to come to 70,700 crore by 2025-end, indicating a CAGR of 13 % during the year 2023-2025. Of this, 30% is shipped at about 17,900 crore, which is anticipated to almost double by 2025-end to nearly 30,400 crore. Moreover, the industry of the file is overlooked by the unorganized sector (60% share) although 14 methodical players (40%) have achieved market share by offering high-quality products at competitive rates. Here we have shared all the information about the news if we get any information then we will update you soon. Stay tuned to us for more updates.

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Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.