RAK Ceramics Sees Profit Growth Amid Shifting Regional Market Conditions
Middle-East: RAK Ceramics reported a 15.5% year-on-year increase in net profit after tax to USD 21.24 million for the third quarter ended 30 September 2026, compared with USD 18.38 milliono in the corresponding quarter of 2025. Group revenue increased by 4.4% to USD 234.58 million, while EBITDA rose by 4.7% to USD 47.84 million. The gross profit margin stood at 40.3%, compared with 40.5% in the previous year. Revenue from the tiles segment increased by 8.4% to USD 141.57 million, while sanitaryware revenue declined by 7.3% to USD 31.26 million.
The company's UAE revenue increased by 32.5% year-on-year to USD 85.45 million, supported by construction activity and project demand. Revenue in India rose by 12% to USD 25.27 million, while Saudi Arabian revenue declined by 17.2% due to product approval delays. European revenue decreased by 19.9%, reflecting logistics costs, market competition and shipment delays. RAK Ceramics is progressing with its Yanbu tile manufacturing project in Saudi Arabia, scheduled for completion in the second quarter of 2027, alongside manufacturing upgrades and retail network expansion initiatives.
Source: ZAWYA
