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OVERVIEW
At Kajaria, we look forward
to exciting times.
Investment-inducing and
business-strengthening
Government policies will
translate into an economic
resurgence. At Kajaria, we
have aligned our business
strategies with national
priorities; growth, we believe,
will be a natural corollary.
In view of this, we are
confident of delivering
significant value for our
stakeholders over the
foreseeable future.
Warm regards,
The Kajaria
management team
PROPERTY MARKETS TO REVIVE
Rishi Kajaria
Joint Managing Director
Source: CLSA report
Houses constructed
(m)
+4% Cagr
+15% Cagr
Price-led growth
Social
pickup
Affordable
pickup
Premium
pickup
Volume-led growth
+8% Cagr
+13% Cagr
5% of GDP
Spend
5.5% of GDP
8% of GDP
4.5% of GDP
4.5m
FY03
Rs. 2.0 tn
Rs. 7.0 tn
Rs. 16.8 tn
Rs. 7.0 tn
FY12
FY17
FY24
FY18 FY19 FY20
6.3m
6.4m
10.9m
Flat
Flat
Housing expenditure
(Rstn))
013
ANNUAL
REPORT
20
16-17
KAJARIA
CERAMICS
CORPORATE
OVERVIEW
MANAGEMENT
REPORTS
FINANCIAL
STATEMENTS