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Ceramics and bathroom fittings industry likely to face another year of stagnation: Nuvama

New Delhi, March 5: The ceramics and bathroom fittings industry, already struggling with sluggish demand, is expected to face continued stagnation for another year, according to a report by Nuvama, a financial services company.The report added that the usual strategy of ceramics and bathroom fittings companies to offer discounts may not be sufficient to revive sales due to the elevated inventory levels in the market.The report highlights that the manufacturers based out of Morbi have been dumping stocks in the local market due to slower-than-expected exports.