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WE BELIEVE THAT
WHEN WE ALIGN OUR
STRATEGY WITH NATIONAL
PRIORITIES, GROWTH IS A
NATURAL COROLLARY.”
The subdued environment prevailing
in the real estate sector continued
to dampen demand for building
products – and the tile sector was
no exception to this reality.
The Government’s demonetization initiative (November, 2016)
dealt a severe body-blow to anyway stuttering tile demand. Against
this backdrop, we grew business, profits and profitability, which
in our opinion is a significant achievement of the entire Kajaria
team. Although our growth was lower than our historical average,
the excitement at Kajaria is palpable for we stand at the cusp of
unprecedented opportunities arising from Government reforms.
Goods and Services tax (GST):
The single biggest driver of
a change in our sectoral and corporate realities is the introduction
of the Goods & Services Tax. This is the most important financial
policy following India’s Independence. From a reality where India is
30 partitioned states, the GST will immediately graduate the country
into one large seamless market place. We have no doubt that this
Kajaria Ceramics
initiated
important
measures in 2016-
17 to strengthen
its competitive
advantage.
WE AIM TO
REACH 100 MSM
TILES CAPACITY
BY 2020.
KAJARIA CERAMICS LIMITED.
010