Ideas for Profit | Receding cost pressures to aid margin recovery in tile and sanitaryware cos

Companies in the tile and sanitaryware space had a mixed Q3 FY19. Growth in topline was primarily aided by healthy consumer demand during the festive season. Recent price hikes along with softening commodity prices and strengthening of the rupee versus the dollar lent support to operating margins on a sequential basis. Margins, however, continued to remain under pressure on a yearly basis