India’s Kajaria Ceramics posts surprise Q4 profit drop on higher costs
BENGALURU (Reuters) – India’s Kajaria Ceramics reported a surprise drop in fourth-quarter profit on Tuesday, hurt by increased costs and weak demand. Kajaria’s consolidated net profit fell 5.2% year-on-year to 1.02 billion rupees ($12.2 million) in the fourth quarter. Analysts, on average, had expected profit to climb to 1.26 billion rupees, according to LSEG data. …
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