Tide may be turning for Indian tile makers on improved demand outlook

The Indian tile industry is estimated to be worth nearly Rs 39,000 crore per year

Topics
stock market trading | Kajaria Ceramics | ceramic tiles

Yash Upadhyaya  |  Mumbai 

Market share gains from unorganised players, better demand visibility and improving operational performance are the key long term triggers for the Indian tile makers, which are at 52-week highs on the bourses. The Indian tile industry is estimated to be worth nearly Rs 39,000 crore per year.

Of this, 35 per cent or approximately Rs 13,500 crores comprises of exports which is largely catered by Morbi-based players (roughly Rs 10,000 crore in FY20). China, which is the world largest ceramic tile exporter, has seen its share in the global exports decline from 40 per cent in ...

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First Published: Mon, December 28 2020. 06:10 IST
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