India's Cera Sanitaryware gains as Investec sees strong growth prospects

Investec

27/06/2025 07:27

June 27 (Reuters) - ** Shares of Cera Sanitaryware CERA.NS rise as much as 4.37%, their biggest intraday rise in nearly three weeks, to 6885 rupees apiece

** Co, which makes sanitaryware, tiles and other building products, is likely to continue growing at a faster rate than the industry, says Investec

** Investec retains "Buy" and a target price of 7740 rupees, implying an upside of 15.3% after meeting the management

** Says strong 20% growth in the premium segment of the market compared to 9-10% CAGR for the peers and focus on setting up an exclusive distribution channel for metro/tier 1 towns augur well for CERA's earnings over fiscal 2026 and 2027

** The average rating of 15 analysts tracking CERA is "Buy"; the median price target is 7319 rupees, according to data compiled by LSEG

** CERA shares are down 13% in 2025 so far, underperforming the 5.6% rise in the Nifty 500 index .NIFTY500

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))