once the correction is over it is having the potency to move towards 900
Recently both Ashok kajaria & Rishi made a visit to kochi in the first week of Oct17 for the opening of Kerovit, the new exclusive showroom for the company's sanitary ware and bath fittings and product range under Ultima tiles. Kajaria Ceramics has an annual aggregate capacity of 64 million sqmetres, distributed across 8 plants in various parts of the country, Ashok Kajaria, CMD, Kajaria Ceramics said. According to him, the vitrified tile market after GST' is very optimistic and the company is looking at a double digit growth in the next five years especially with the launch of new tile products and bath wares.
Referring to Kerala market, Rishi Kajaria, Joint Managing Director, said that the company is growing at 15 per cent which is higher than the total industry growth. Kerala contributes 15 per cent of its total business and the State's market is easy to work as it adapts to new changes very quickly because of peoples exposure to international markets.
The new Tirupati plant at an investment of ₹125 crore meant for manufacturing glazed vitrified tiles will have a production capacity of 4 million sqmtrs and is expected to begin operation by the end of 2017-18. The new plant will cater to the demand from southern markets.
The above gives a clear picture and transparency through the CMD speech given in the annual report giving a confidence to the investors.