Axis Securities starts "buy" coverage on Greenply and Cera Sanitaryware, seeing strong FY26 demand recovery and solid growth prospects.

• Axis targets ₹385 for Greenply, ₹8,500 for Cera, projecting 26% and 31% potential upside, respectively.
• Greenply benefits from premium demand, regulatory shifts; 12% revenue CAGR expected between FY24–27.
• Cera is leveraging premium bathware demand; retail recovery seen by Q2 FY26; both stocks surge 5.8% post-report.