India, May 16 -- India's ceramic tile industry is facing one of its biggest cost disruptions in recent years after fuel shortages and higher gas prices hit manufacturers in Morbi, the country's largest tile hub. While many smaller players are grappling with rising costs, shutdowns, and working capital stress, Kajaria Ceramics has delivered 11% volume growth, 1,373 crore in quarterly revenue, and 19.19% EBITDA margins in Q4 FY26. Can India's tile leader use this disruption to widen its competitive edge?

With a market cap of Rs 16,950 crore, the shares of Kajaria Ceramics Ltd are trading at Rs 1,064 and are trading at a PE of 32.7 compared to their industry's PE of 35.2. The shares have given a return of more than 20% in the last 5 years...