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Kajaria Ceramics Q4 Results: Stock falls after board clears ₹297 crore buyback at 12% premiumKajaria Ceramics reported strong Q4 growth with profit more than tripling and margins expanding sharply, but the stock fell over 5% as investors reacted to the buyback announcement.By Sheersh Kapoor  April 30, 2026, 3:34:29 PM IST (Published)2 Min ReadKajaria Ceramics reported a strong March quarter performance on April 30, with profitability surging and margins expanding sharply, even as its shares came under pressure following the announcement of a share buyback.

Net profit more than tripled to ₹156 crore from ₹43 crore a year ago, while revenue rose 12% year-on-year to ₹1,373 crore. Operating performance was notably strong, with EBITDA jumping 90% to ₹263 crore, leading to a sharp expansion in margins to 19.16% from 11.33% in the year-ago period.

The company attributed the improvement in margins to cost optimisation, better realisations and efficiencies across production, sales and supply chain operations. Chairman Ashok Kajaria said the March quarter saw demand momentum pick up after a period of inventory realignment in the earlier part of the year, adding that the company remains optimistic about growth going ahead.

Alongside the results, the board approved a share buyback worth up to ₹297 crore via the tender route. The company plans to repurchase up to 21.5 lakh shares, or around 1.35% of its equity, at a price of ₹1,380 per share—representing a 12% premium to Wednesday’s closing price. The buyback is aimed at enhancing shareholder value and optimising capital allocation, subject to shareholder approval.

Kajaria also recommended a final dividend of ₹6 per share for FY26, to be paid following approval at the upcoming annual general meeting.

Despite the strong earnings performance, the stock reacted negatively to the buyback announcement. Shares of Kajaria Ceramics fell over 5% to an intraday low of ₹1,162.40 on the NSE.Continue ReadingTagsearningsKajaria CeramicsShare Buybackshare market today