Hello Sir,
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Did you know - Bath ware products industry has created immense wealth for investors.
In fact, one of our highest conviction and best recommendations for our Premium Members came from this space - Cera Sanitaryware which went up 11x before we closed it.
There are other major companies as well one can consider adding to watch list, like - Hindware Home Innovation, Kajaria Ceramics, Somany Ceramics, etc.
Let's just briefly look at some major data points w.r.t. key constituents of bath ware industry - sanitary ware, faucets, tiles.
[Before that]: Recently we released a New Stock Recommendation for our Premium Members. It's a leading Pharmaceutical company with global leadership in its product segment, net debt free and available at just around 11.5 times FY 23 (E) earnings. Can read about the company HERE
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Bath ware industry
- Indian tiles, sanitary ware and bathroom fittings market reached a value of Rs 60,128 Crore in 2021
- IMARC Group expects the market to reach Rs 96,048 by 2027 at a CAGR of 8.39%
- Aside from the growth in real estate; rapid urbanization, government’s affordable housing program and demand for furnished, ready-to-move-in homes is contributing to growth of the above segments
- Sanitary ware
- India sanitary ware market was valued at Rs 8,480 Crores in 2020
- Expected to reach Rs 13,215 Crores by 2027, at a CAGR of 6.7%
- India is the 2nd largest sanitary ware market in the world
- Indian sanitary ware market is fragmented into ceramic, Pressed metal, acrylic plastics & Perspex, and others based on materials
- 75% of the production comes from Gujarat
- Unorganized players cater mostly to the mass market with a focus on low-income strata group
- Organized players mainly serve the mid income, premium market and super-premium segment
- 2 most dynamic production areas in Gujarat are the ceramic clusters of Morbi and Thangadh
- India is among the top exporting countries, though its share in exports was only 6.3% in 2018
Source: Ceramic World Magazine - 2019
Source: Ceramic World Magazine - 2019
- Faucet ware
- The Indian faucet industry was estimated to be valued at Rs 11,000 crores in 2021
- Jaquar is the leading faucet ware brand in India
- Globally, commercial segment leads the market with 57% share in 2021
- Tiles
- Indian ceramic tiles market size was valued at Rs 29,762 crores in 2019 and is expected to reach Rs 57,157 crores by 2027
- Premium tiles market in the country is worth Rs 11,500 crores
- Organized: Unorganized ratio is around 40:60
- India is the 2nd largest producer of ceramic tiles across the globe
- In CY19, India maintained its position as the 2nd largest producer with increase in volumes from 1,145 million sqm to 1,266 million sqm
- In CY 19 domestic production grew by 4% to 780 mn sqm
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Best Regards,
Ekansh Mittal
Research Analyst
Web: https://www.katalystwealth.
SEBI Research Analyst Registration No. INH100001690
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