India's Kajaria Ceramics erases YTD gains after bigger-than-expected Q2 profit fall

Somany Ceramics

22/10/2024 10:09

** Shares of tile maker Kajaria Ceramics  KAJR.NS  drop 5%
to 1,293 rupees, erasing YTD gains
    ** Co's Q2 profit fell more-than-expected to 842.7 mln
rupees; analysts' avg est was 1.07 bln rupees, according to data
compiled by LSEG
    ** Stock set for worst day since June 4
    ** Rival Somany Ceramics  SOCE.NS  down 1.5%


 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))