CUMI Ceramics PBIT Rises 62% as Q2 Sales Reach Rs 410 Crore

Carborundum Universal Limited reported consolidated ceramics sales of Rs 410 crore in Q2FY27, up 36.1% year on year, while ceramics profit before finance cost and tax rose 62.1% to Rs 101 crore. CUMI said strong standalone orders in engineered ceramics, metallized cylinders and refractories supported the quarter ended September 30, 2026.

How did CUMI ceramics perform in Q2FY27?

CUMI’s consolidated ceramics sales rose to Rs 410 crore in Q2FY27 from Rs 301 crore in Q2FY26, an increase of 36.1%. Sales were also 17.6% above Q1FY27, making ceramics the fastest-growing consolidated segment during the quarter.

Standalone ceramics sales were Rs 313 crore, rising 37.2% from Q2FY26 and 14.0% from Q1FY27. CUMI attributed this growth to strong orders in engineered ceramics, metallized cylinders and refractories.

Consolidated ceramics profit before finance cost and tax, or PBIT, reached Rs 101 crore, compared with Rs 62 crore in Q2FY26 and Rs 74 crore in Q1FY27. The 62.1% year-on-year PBIT increase exceeded the segment’s 36.1% sales growth, while sequential PBIT growth was 36.0%.

Standalone ceramics PBIT was Rs 67 crore in Q2FY27, against Rs 45 crore a year earlier and Rs 59 crore in Q1FY27. This represented growth of 48.2% year on year and 14.4% quarter on quarter.

Which CUMI segments grew faster or slower than ceramics?

CUMI ceramics outpaced electrominerals and abrasives in Q2FY27, with consolidated sales growth of 36.1%, against 11.1% for electrominerals and 4.0% for abrasives. Total consolidated sales rose 13.1% to Rs 1,455 crore from Rs 1,287 crore in Q2FY26.

Electrominerals posted consolidated Q2FY27 sales of Rs 443 crore, 11.1% higher year on year but 6.3% below Q1FY27. Its consolidated PBIT was Rs 26 crore, compared with Rs 33 crore in Q2FY26 and Rs 22 crore in Q1FY27.

Abrasives remained the largest consolidated sales segment at Rs 607 crore in Q2FY27, but growth was 4.0% year on year and sales were at a similar level to Q1FY27. Consolidated abrasives PBIT was Rs 40 crore, compared with Rs 33 crore in Q2FY26, below ceramics PBIT of Rs 101 crore.

At the standalone level, all three businesses recorded double-digit quarterly sales growth. Ceramics grew 37.2%, electrominerals rose 31.3% to Rs 279 crore, and abrasives increased 15.9% to Rs 357 crore; CUMI said abrasives growth was driven by Precision, Industrial and Retail segments.

What did CUMI ceramics deliver in the first half?

CUMI’s consolidated ceramics sales for H1FY27 were Rs 759 crore, up 26.3% from H1FY26, while consolidated ceramics PBIT rose 28.0% to Rs 176 crore from Rs 137 crore. The half-year sales growth was lower than Q2FY27’s 36.1% rate, although it remained ahead of the other consolidated segments.

Standalone ceramics sales were Rs 587 crore in H1FY27, a 25.9% increase from H1FY26. Standalone PBIT increased 17.6% to Rs 126 crore from Rs 107 crore, with CUMI attributing the improvement to higher ceramics and refractories volumes.

Consolidated H1FY27 sales across CUMI were Rs 2,865 crore, up 14.9% year on year. Ceramics grew 26.3%, compared with 14.0% for electrominerals and 11.5% for abrasives.

Ceramics also generated the highest consolidated segment PBIT in H1FY27 at Rs 176 crore. Abrasives PBIT was Rs 80 crore versus Rs 45 crore in H1FY26, while electrominerals PBIT was Rs 48 crore versus Rs 37 crore.

How did the CAAG closure affect CUMI’s consolidated earnings?

CUMI reported consolidated profit before exceptional items and tax of Rs 138 crore in Q2FY27, compared with Rs 113 crore in Q2FY26. Consolidated profit after tax and non-controlling interest was Rs 12.45 crore after an Rs 80.26 crore exceptional expense related to CUMI Awuko Abrasives GmbH, or CAAG.

Without the exceptional item, CUMI said consolidated Q2FY27 profit after tax and non-controlling interest would have been Rs 92.7 crore, compared with Rs 75 crore reported in Q2FY26. The charge covered write-downs of CAAG assets and restructuring costs.

For H1FY27, consolidated profit after tax and non-controlling interest was Rs 89 crore, compared with Rs 136 crore in H1FY26. CUMI said H1FY27 profit would have been Rs 169 crore without the Q2FY27 exceptional expense, while capital expenditure fell to Rs 127 crore from Rs 162 crore.

CAAG signed agreements in October 2026 to sell all its property, plant and equipment and inventory for Rs 5.34 crore. After reconciling interests and agreeing a social plan with employees under German labour-law requirements, CAAG was proceeding with final liquidation or deregistration under applicable German law.

Conclusion

CUMI’s Q2FY27 operating performance was led by ceramics, where consolidated sales rose 36.1% to Rs 410 crore and PBIT increased 62.1% to Rs 101 crore. The segment grew faster than electrominerals and abrasives in both the quarter and H1FY27, supported by orders in engineered ceramics, metallized cylinders and refractories.

The next disclosed event to watch is CAAG’s final liquidation or deregistration following its October 2026 asset-sale agreements worth Rs 5.34 crore. CUMI has recognised Rs 80.26 crore of exceptional expense in Q2FY27 for CAAG-related asset write-downs and restructuring costs.