Hello Sir,

Hope you are doing well.

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

You too can get it along with other recommendations, by subscribing HERE


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


Disclaimer: This is not a recommendation on any of the stocks mentioned above.

If you are looking for investment opportunities do check out our premium subscriptions. We have been helping our clients with our stock recommendations for over a decade now.



Best Regards,

Ekansh Mittal
Research Analyst
Web: https://www.katalystwealth.com/


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