ICICI Securities gives Cera Sanitaryware buy, forecasts 18-20% FY27 revenue

Business Nov 07, 2026

ICICI Securities gave Cera Sanitaryware a buy rating and set a target price of ₹7,578.

The upbeat outlook comes from strong revenue growth expectations and better performance across both retail and project segments.

Even though profit margins dipped to 12.2% year over year, Cera is still aiming for an 18-20% revenue jump by FY27.

Cera Sanitaryware Q2 revenue up 27.4%

The company just posted a solid 27.4% jump in Q2 FY27 revenue, thanks to big demand for faucetware (up 38%) and sanitaryware (up 24%).

While profit margins slipped compared to last year, they actually improved from the previous quarter.