Cera Sanitaryware Ltd. Is one of the leading sanitary production company. The news came up from the company that they are aiming to increase the turnover of Rs 14000 crore in the financial year 2019. Current fiscal turnover of the company is stood at 1500 crore.

 

 

Statement of Vikram Somany

Vikram who is the Chairman and managing director of the company stated that in this financial year we also start producing our products from a new polymer plant. We hope that this will add the revenue for the financial year 2019.

Vikram also highlights some figures from the balance sheet of the company he stated that in the financial year of 2017-18 the turnover of the company was Rs 1180 crore. In this financial year which was ended on March 2019 companies is expecting much more than the turnover of 2018 financial year.

During the launching of companies new showroom named Cera style studio, Vikram added that in this year the company might hit the turnover of Rs 1400 to 1500 crore.

 

 

Future plans of the company

During the launching of the new showroom, Vikram said that currently, we owe 9 Cera style studio all over India. However, in the future, the company is planning to double the outlet they own now.

On the new plant of the company, Vikram said that the construction of the plant is on the way. This plant will be used for making the flush system, plastic toilet seat covers, cisterns and other plastic products used for sanitation. Along with this Cera setting up the new factory in Gujarat Mehsana with the investment of about 25 crores.

The production from new polymer plant will start from the beginning of 2019. For the expansion plans of the company, Vikram said that companies are looking for some new and reliable joint ventures for the production of tiles and also for setting up Some More outlets in India as well as in other parts of the globe.

According to some reports it was found that in the last financial year the company achieved the sales growth of 15%.

Statement of Atul

 

 

Atul who is the executive director of the company said that currently the market is subdued. However, we are expecting the growth of 18 to 20% in this financial year.