The tiles manufacturer missed estimates in the second quarter due to sustained weakness in demand. The revenue and net profit were 3.6% and 11.8% lower than the Reuters-Refinitiv estimates. It reported a modest volume growth of 6% y-o-y, but the EBITDA witnessed a sharp jump of 38% y-o-y supported by lower gas costs. The management has reduced its volume growth guidance for 2023-24 amid weak demand in the first half of 2023-24. However, it