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Regulations of Tiles Industry in India

1)Implementation of RERA to bring disciplined approach in industry players

Source: State RERA Website, ZebraResearch 

2) Reduced GST Rates to augur demand for new houses –

Unorganised industry shifting to natural gas to give impetus to pricing –

Natural gas is key element is manufacturing of tiles and sanitary ware products and has a major share of ~15% in tiles and ~5% in sanitary ware as a total manufacturing cost. These companies have long term contracts with GAIL, GSPL, Sabarmati gas etc for supply of gas and prices are considered either on spot basis or 1/3 month average global crude prices (in USD terms). 

Extract Source: Index Mundi

Various government initiatives to boost demand for tiles and sanitaryware industry –

1)PMAY Urban and Rural: key catalysts for housing demand

Source: ZebraResearch 

2) Swachh Bharat mission to boost demand for Tiles & sanitary ware products –

Extract Source: Indian Ceramics, Page:30

Extract Source: Indian Ceramics, Page:32

Extract Source: Indian Ceramics, Page:33

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