{
  "id": 17887093,
  "title": "Karam Ceramics Limited: performance and outlook",
  "url": "https://urgent.news/2026/11/03/karam-ceramics-limited-performance-and-outlook",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-03T01:24:10.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447083/karam-ceramics-limited-performance-and-outlook"
  },
  "original_language": "en",
  "account": "Karam Ceramics Limited, a public limited company incorporated in Pakistan in 1979, specializes in the manufacturing and sale of wall and floor tiles. As of June 30, 2025, the company has a total of 14.55 million shares outstanding, held by 306 shareholders. The local general public owns the majority stake at 74.94 percent, followed by the company's directors and CEO alongside their children, who hold 24.81 percent of the shares. The remaining ownership is distributed among other categories of shareholders.\n\nKCL's historical performance from 2021 to 2026 has been quite volatile. The company experienced a decline in net sales in 2022 and 2025. The only profitable years during this period were 2021 and 2024. Net sales dropped by 21.53 percent in 2021 compared to the previous year, reaching Rs. 1126.65 million. This growth was attributed to an increase in both sales volume and selling prices. However, the company's production capacity was utilized at only 36 percent in 2021, up from 28 percent in the previous year.\n\nIn 2022, KCL's net sales plummeted by 27.39 percent to Rs. 818.08 million. Political and economic headwinds, coupled with a low investor confidence due to deteriorating macroeconomic indicators, resulted in depressed real-estate activity in the country. The company's production decreased by 41 percent year-on-year, reaching 1.392 million sq. meters, and capacity utilization fell to 21 percent. The high cost of raw materials, packaging, fuel, and power, as well as the depreciation of the Pakistani Rupee, contributed to a gross loss of Rs. 198.04 million in 2022, accompanied by an operating loss of Rs. 199.89 million and a net loss of Rs. 251.76 million.",
  "summary": "Karam Ceramics Limited was incorporated in Pakistan as a public limited company in 1979. The company is engaged in the manufacturing and sale of wall and floor tiles. Pattern of Shareholding As of June 30, 2025, KCL has a total of 14.55 million shares outstanding which are held by 306 shareholders. Local general public has the majority stake of 74.94 percent in the company followed by Company’s…",
  "key_points": [
    "Karam Ceramics Limited specializes in manufacturing and selling wall and floor tiles.",
    "The company has 14.55 million shares outstanding, with 74.94% held by the local general public.",
    "Net sales declined by 27.39% in 2022 due to political and economic headwinds."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}