Cera Sanitaryware hits over 6-mth low as subdued demand drags Q3 results

Cera Sanitaryware

12/02/2024 08:03

** Shares of India's Cera Sanitaryware  CERA.NS  down 6.1%
at 7,551 rupees after falling to lowest since Aug. 3
    ** Co reported ~ 10% drop in Dec-qtr profit, rev slips 4.1%
    ** Results were weighed down by sanitaryware division due to
subdued demand, co said
    ** About 30,600 shares change hands, most active session
since Jan. 19
    ** CERA, which rose ~51% last year, down ~ 4% YTD; co logged
fifth straight year of gains in 2023


 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))