Google’s YouTube has settled a social media addiction case brought by a 15-year-old in Florida who accused the platform of causing mental health harms to children, according to the plaintiff’s lawyers.

The terms of the settlement in the state court lawsuit against the social media giant were confidential, the lawyers said on Tuesday.

“YouTube’s decision to resolve this case before having to face a jury speaks for itself. We will continue fighting on behalf of all those affected by social media addiction to bring these companies to justice and compel them to prioritize the safety of their young users over their bottom lines,” the plaintiff’s lawyers said in a statement, according to Reuters.

“We will continue fighting on behalf of all those affected by social media addiction to bring these companies to justice and compel them to prioritize the safety of their young users over their bottom lines.”

META LOBBIES CONGRESS FOR IMMUNITY FROM LAWSUITS ALLEGING ONLINE HARM TO CHILDREN

Google spokesperson José Castañeda said in a statement to FOX Business that the lawsuit had been amicably resolved and that the company’s focus “remains on building age-appropriate products and parental controls that deliver on that promise.”

“For more than a decade, we’ve built YouTube responsibly — working with families to give young people safer, more helpful experiences online,” Castañeda said.

The teenager, who used the initials R.K.C. in court documents, argued that YouTube and other social media companies had designed their platforms to be addictive.

He said he started using social media when he was about 8 years of age and allegedly became addicted, losing sleep and suffering from depression and anxiety.

JURY FINDS META, GOOGLE LIABLE IN LANDMARK SOCIAL MEDIA ADDICTION TRIAL, AWARDS MORE THAN $6M IN DAMAGES

R.K.C. is also suing Meta, TikTok and Snapchat in a trial set to begin next month in Los Angeles.

More than 3,300 lawsuits involving addiction claims against social media companies are pending in California state court, while another 2,600 cases brought by people, school districts, municipalities and states are pending in California federal court.

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The first trial ended in March after a woman claimed ⁠she became addicted to YouTube and Instagram at a ​young age because of their attention-grabbing design. She had accused the companies of intentionally making their platforms addicting to child users.

A jury in that case found the companies negligent, ordering Meta to pay her $4.2 million in damages and Google to pay $1.8 million. Earlier this month, the judge rejected the companies’ effort to overturn the verdict.

FEDERAL APPEALS COURT RULES OHIO CAN REQUIRE PARENTAL CONSENT CHILDREN UNDER 16 ON SOCIAL MEDIA

The woman had also sued TikTok and Snapchat, but both platforms settled before trial for an undisclosed total.

A jury in New Mexico also ordered Meta earlier this year to pay $375 million for misleading users over the safety of its platforms for children.

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Google, Meta, Snapchat and TikTok also settled a case last month that was heading to trial in which a Kentucky school district accused the platforms of creating a mental health crisis for its students. 

The platforms paid a collective $27 million to settle that case.

Meta will also face a trial in a lawsuit brought by Tennessee next month. In August, a trial in federal court over the combined claims of multiple states will go forward against the social media giant. 

Reuters contributed to this report.

63% of explainer videos don’t generate the conversion outcomes they were commissioned to produce. They get made, look polished, and end up sitting on landing pages with little measurable impact.

The reasons are usually that the video leads with the brand or product rather than the buyer’s problem; the animation style is chosen as a creative default; the explainer isn’t treated as a specific stage of the buying journey.

The studio you choose has a direct impact on which side of that statistic you end up on.

The 5 best animated explainer video production companies below were selected for their verified work, transparent processes, and ability to connect animation to business outcomes. Each one fits a different need, from full-pipeline 2D and 3D production to premium brand-led work and high-volume B2B output. After the profiles, you will also find practical sections on how to measure whether your explainer video is working and what to expect once the final file is delivered.

Best Animated Explainer Video Production Companies: Strengths and Use Cases

Here is how the five companies compare at a glance. Use the table to shortlist by specialty, budget, and rating, then read the full profiles below for the details behind each pick.

Studio	Founded	HQ	Clutch	Hourly rate	Specialties	Best for
Wow-How Studio	2009	San Francisco and London	4.9/5 (166)	$25–$49	Full-pipeline 2D and 3D explainers, motion graphics, product demos	Products needing 3D, or one vendor across many formats
Webdew	2016	Surrey, Canada	4.9/5 (197)	$50–$99	Whiteboard, 2D, character animation, kinetic typography, product demos; plus HubSpot and inbound marketing	A dependable, scalable partner, especially alongside wider marketing
MyPromoVideos	2009	Coimbatore, India	Not listed	Undisclosed	2D and 3D animated explainers; process and product explanation; sales, corporate, case-study videos	B2B and technical companies explaining complex processes
Cartoon Media	2012	Canterbury, England	4.9/5 (8)	$50–$99	Custom whiteboard, doodle, and explainer or training videos	Premium, fully custom whiteboard work with blue-chip polish
Ydraw	2011	Saint George, Utah, USA	5.0/5 (10)	$150–$199	Whiteboard and video scribing; also 2D/3D, motion graphics, demo videos	Whiteboard projects where hand-drawn craft and flexibility matter

1. Wow-How Studio

Wow-How Studio is one of the best animated explainer video production companies, as it keeps every stage in-house, from concept development, scripting, and storyboarding through 2D animation, 3D modeling, motion graphics, voice-over, and post-production. It delivers more than 500 projects a year for clients ranging from early-stage startups to Fortune 500 companies.

Explainers has been Wow-How’s core service since 2011, with the full pipeline run in-house from discovery call to final delivery, including black-and-white storyboard sketches, full-color style frames, character and background illustration, animation, voice-over, sound design, and delivery of final files with source assets.

On the 2D side, the team offers character animation, whiteboard, kinetic typography, infographic, cut-out, shape, and frame-by-frame styles, while the 3D team models, textures, lights, renders, and composites from scratch or from client CAD files for hardware, industrial equipment, and medical devices. A 90-second 2D video takes 6 to 8 weeks; a 3D video adds 1 to 2 weeks, and 2 free revision rounds are included at every stage.

Quick facts

• Founded: 2009
• Based in: San Francisco and London
• Clutch: 4.9/5 (166 reviews)
• Specialties: full-pipeline 2D and 3D explainers, motion graphics, product demos
• Notable clients: Google, Sony, Hallmark, Grammarly
• Hourly rate: $25 – $49

Standout work: A UK-based industrial automation company supplied a CAD model and received a complete robotics explainer covering the full process from storyboard through post-production, delivered on time and within budget. In a separate engagement, a sustainable building materials manufacturer commissioned seven installation explainers, each running 1 to 2 minutes.

Best for: products needing 3D, or one vendor across many formats.
Keep in mind: the breadth suits multi-format programs more than a single quick video.

2. Webdew

Webdew has grown from a single person into a global team of more than 50, with its base in Seattle and offices in India, the UK, and Canada. Animation sits inside a broader B2B SaaS growth offering that also spans HubSpot, web development, and inbound marketing, but video is a deep competency in its own right: nearly 200 Clutch reviews praise its animation quality, clear script-to-storyboard-to-animation process, and on-time delivery, especially across tech, education, and healthcare. It produces whiteboard, 2D, character animation, kinetic typography, line art, and product demo videos. Some clients note that the update frequency during delays could be tighter.

Quick facts

• Founded: 2016
• Based in: Surrey, Canada
• Clutch: 4.9/5 (197 reviews)
• Specialties: whiteboard, 2D, character animation, kinetic typography, product demos; plus HubSpot and inbound marketing
• Notable sectors: tech, education, healthcare
• Hourly rate: $50 – $99

Standout work: Webdew produced an animated explainer for a hospitality and leisure company, writing the script and refining it in response to the client’s suggestions. The client featured the video at two trade shows and has since reused it across other marketing activities, noting that the team stayed easy to reach and consistently available to answer questions and hit deadlines despite an anticipated language barrier.

Best for: companies seeking a dependable, scalable partner, especially alongside broader marketing efforts.
Keep in mind: it is a broad agency, so confirm the video team fits your scope.

3. MyPromoVideos

MyPromoVideos is a boutique Indian studio that has focused on animated explainers since 2009, producing more than 2,000 videos that clearly explain business processes. It works in both 2D and 3D, running the full pipeline from script and storyboard to animation, graphics, voice-over, music, and revisions, and also handles sales, corporate, and case-study videos.

Its 21 Clutch reviews lean toward technical and B2B clients, from software firms to logistics-automation companies, and reviewers consistently note competitive pricing, on-time delivery, and clear communication.

Quick facts

• Founded: 2009
• Based in: Coimbatore, India (serves clients worldwide)
• Specialties: 2D and 3D animated explainers; process and product explanation; sales, corporate, and case-study videos
• Notable focus: technical and B2B sectors, including software and logistics automation
• Hourly rate: Undisclosed

Standout work: A 90-second explainer for a software development firm building a test-automation tool for the automotive domain. MyPromoVideos handled the script, storyboard, animation, graphics, voice-over, and music, delivering a video that measurably improved users’ understanding of the product.

Best for: B2B and technical companies that need complex processes explained clearly in 2D or 3D.
Keep in mind: it is a boutique team, so plan timelines around larger volumes.

4. Cartoon Media

Cartoon Media is a UK studio that produces fully custom animated marketing and training videos, including explainer, doodle, and whiteboard styles, and is trusted by blue-chip names well beyond its size, including Siemens, Hilton, Allianz, and the NHS.

The team never uses clip art or templates, assigns a dedicated professional to every stage from script and storyboard through custom illustration, native-accent voice-over, and music, and works on an unlimited-corrections basis. Reviewers, including international clients, repeatedly highlight strong value for the cost and responsiveness.

Quick facts

• Founded: 2012
• Based in: Canterbury, England (delivers internationally)
• Clutch: 4.9 / 5 (8 reviews)
• Specialties: custom whiteboard, doodle, and explainer or training videos; full custom illustration, native-accent voice
• Notable clients: Siemens, Hilton, Allianz, NHS
• Hourly rate: $50 – $99

Standout work: Multiple whiteboard explainers for the affordable-housing company Eden Housing, one breaking down an employee reward program and another explaining the tax-credit system, helping onboard current and new employees.

Best for: brands wanting premium, fully custom whiteboard work with blue-chip polish.
Keep in mind: a small team and light review count, so confirm capacity for larger programs.

5. Ydraw

Ydraw is one of the most established whiteboard studios in the US, founded in 2011 in Saint George, Utah, with a team spread across three continents. It was an early experimenter with style variations, including watercolor, colored, and hybrid versions, and its hand-drawn sketching detail is widely regarded as among the best in the category.

Beyond whiteboards, it handles motion graphics, 2D and 3D animation, demo videos, and video ads, with custom artwork, scripts, voice-over, and music, and turnaround times of 1 to 5 weeks. Reviewers single out its clear, well-structured process and the value of the finished work.

Quick facts

• Founded: 2011
• Based in: Saint George, Utah, USA (team across three continents)
• Clutch: 5 / 5 (10 reviews)
• Specialties: whiteboard and video scribing (watercolor, colored, hybrid styles); also 2D/3D, motion graphics, demo videos
• Notable clients: UniFirst, Cisco ONE, Diabetes Hope Foundation, DesignDocs
• Hourly rate: $150 – $199

Standout work: Ydraw produced five hand-drawn whiteboard videos, each running 1 to 2 minutes, to illustrate a set of business concepts, managing all sound effects and editing. Reviewers called the production high quality and clear, with the value of the deliverables far exceeding the project’s cost.

Best for: whiteboard projects where hand-drawn craft and flexibility matter.
Keep in mind: whiteboard is the core, so it is less suited to high-end 3D or cinematic work.

What Happens After Your Explainer Video Goes Live

The final file is a milestone, not the finish line. Knowing what comes next keeps expectations realistic and protects the value of the work.

• Revisions wrap up first. Most studios include a set number of revision rounds at each stage, and those should be resolved before final delivery. Confirm what counts as a revision versus a new request, since changes after sign-off are usually billed separately.
• Format variants for different channels. A single explainer rarely fits every placement as-is. Plan versions tailored to where it will run, such as a web cut, a shorter social edit, and a silent, captioned version for feeds where most videos play without sound.
• Vertical cuts for social. Square and vertical 9:16 versions are now essential for mobile and social platforms. Ask whether these are included or quoted separately, since reframing animation for vertical can require real rework rather than a simple crop.
• Source files and ownership. Confirm receipt of the final files and decide whether you also need the editable source assets. Having the source makes future edits far easier and is worth settling in the contract.
• Future updates. Products, pricing, and branding change, so most explainers need a tweak within a year or two. Ask how the studio handles later edits, including cost and turnaround for swapping a logo, updating a figure, or producing a localized version.
• Performance check-ins. Build in a point a few weeks after launch to review the metrics from the chapter above. If the video underperforms, a small recut or a stronger thumbnail and intro often lifts results without a full reshoot.

How to Measure the ROI of an Explainer Video

Before launch, set a baseline. Without it, you can’t tell whether post-launch movement is a lift or a normal fluctuation. Record the current number for the metric you want the video to affect (e.g., conversion rate, support ticket volume, or time to activation). That is the number you measure against.

• Conversion rate on the page. Landing pages with an embedded explainer video can convert at up to 86% higher rates than text-only pages, and controlled tests on B2B SaaS pages have shown lifts of 100%+. Run an A/B test for 2 to 4 weeks, keeping the video as the only variable. If sign-ups or demo requests rise on that page, you have a direct signal of impact.
• Watch time and drop-off point. Videos under 1 minute achieve a 65% completion rate among B2B viewers. For videos over 20 minutes, that number falls to 20%. If viewers drop off before the call to action, the issue is often pacing or a script that takes too long to get to the point. The drop-off timestamp shows exactly where the cut needs work.
• Support and onboarding load. Track the support ticket categories that the explainer was designed to reduce. If repeat questions on a specific topic declines, that is a measurable outcome. If the goal was onboarding, pair that data with time-to-first-value to see whether new users are reaching value faster.
• Sales influence. B2B companies report that video influences 40%+ of the sales pipeline on average. Ask sales to log when the explainer was shared with a prospect, then compare these deals with agreements where it wasn’t used. Look for faster progression, higher close rates, or fewer repeated objections.
• Timeline for ROI. ROI for explainer videos is usually measurable within 3 to 6 months, not in the first few weeks. That matters when reporting internally, especially if the video supports top-of-funnel education or a longer B2B buying cycle.
• Reuse value. One 90-second explainer can be repurposed into a 30-second paid ad, a 60-second LinkedIn version, and an email teaser from the same production. Track how often those assets are reused across channels over 12 months. As usage increases, cost per use drops, which can materially improve ROI by year-end.

Final Thoughts

Treat your explainer like the investment it is. Pick the studio whose specialty and budget match your project, define the one outcome you want it to move, and set a baseline before launch so you can prove the return later. The five studios here all do strong, verifiable work; the right one for you is simply the one built for your format and goal.

NEW YORK — Johnson & Johnson shares advanced Tuesday, reflecting investor confidence in the health care conglomerate’s raised full-year guidance and ongoing commitment to innovation and domestic manufacturing expansion.

The stock traded at $235.53, up 1.81 percent or $4.19, in morning activity on the New York Stock Exchange. The gain came amid broader market stability and positive sentiment around the company’s pharmaceutical pipeline and operational performance.

Johnson & Johnson raised its 2026 outlook following a solid first quarter. The company now projects reported sales between $100.3 billion and $101.3 billion, with adjusted earnings per share expected in the range of $11.45 to $11.65. The updates reflect stronger-than-anticipated demand for key products.

First-quarter results showed reported sales of $24.1 billion, up 9.9 percent year-over-year. Adjusted earnings per share reached $2.70, topping consensus estimates. Innovative Medicine and MedTech segments drove growth, with several blockbuster drugs posting double-digit increases.

CEO Joaquin Duato highlighted the company’s strategic positioning. In recent remarks, he credited supportive U.S. tax policies for enabling significant domestic investments. The company plans more than $55 billion in U.S. spending, including $1 billion in Florida, to bolster manufacturing and research capabilities.

“We have the best talent, we have the best investment environment and, very importantly, we have now the tax policy enacted with this administration that has enabled us to be competitive,” Duato said. “Now we can create high-skilled jobs, we can invest in America, and we can be competitive.”

The investment push aligns with Johnson & Johnson’s focus on strengthening its U.S. footprint amid evolving global supply chain dynamics. The company continues advancing its pharmaceutical pipeline, with notable progress on treatments for immunology, oncology, and other therapeutic areas.

Portfolio Performance and Pipeline Momentum

Johnson & Johnson’s diversified business model provides resilience. The Innovative Medicine segment, encompassing pharmaceuticals, delivered strong results led by products such as Tremfya, Darzalex, and other oncology and immunology therapies. MedTech offerings in surgical and vision care also contributed meaningfully.

Analysts point to robust growth prospects. Earnings are projected to expand at an annual rate of around 8 percent over the coming years, supported by new product launches and label expansions. Revenue growth is expected near 6 percent annually.

Recent regulatory and clinical updates bolster optimism. Positive data on combination therapies and next-generation treatments have analysts raising price targets. Consensus forecasts suggest potential upside from current levels.

The company maintains a strong balance sheet, enabling continued research and development investment exceeding $1 billion annually in certain areas, alongside shareholder returns through dividends. Johnson & Johnson has a long track record of dividend growth.

Market Position and Challenges

Johnson & Johnson operates in a competitive health care landscape. Patent expirations on older drugs present headwinds, but the company offsets these through innovation and strategic acquisitions. Ongoing litigation related to talc and other matters remains a focus, though management has set aside reserves and continues defending its positions.

Broader industry trends favor established players with diversified portfolios. Demand for treatments addressing chronic conditions, aging populations, and advanced medical technologies supports long-term growth. Johnson & Johnson’s global reach and manufacturing expertise provide advantages.

Second-quarter earnings are scheduled for mid-July. Analysts anticipate continued momentum, with consensus estimates calling for earnings per share around $2.83.

Strategic Initiatives

Beyond financial performance, Johnson & Johnson advances several key initiatives. Investments in U.S. facilities aim to enhance supply chain security and support job creation. The company also emphasizes sustainability and digital transformation across operations.

Duato has outlined a vision centered on patient breakthroughs and sustained growth. “Our goal is to continue to deliver sustained growth through patient breakthroughs,” he noted.

The company’s MedTech business benefits from innovation in areas such as orthopedics, vision, and interventional solutions. Recent product approvals and pipeline candidates position it for future expansion.

In pharmaceuticals, focus areas include immunology, where drugs like Tremfya continue gaining traction, and oncology, with multiple assets showing promise in clinical trials. These developments underpin the raised guidance.

Valuation and Analyst Sentiment

Johnson & Johnson trades at a premium valuation consistent with its quality and stability. Forward price-to-earnings multiples reflect expectations of reliable cash flow generation and growth. Dividend yield remains attractive for income-focused investors.

Wall Street maintains a generally favorable view. Many analysts rate the stock as a Hold or Buy, citing its defensive characteristics and pipeline strength. Recent earnings beats and guidance increases have reinforced confidence.

Risks include regulatory changes, competitive pressures, and macroeconomic factors affecting health care spending. Johnson & Johnson’s scale and diversified revenue streams help mitigate these challenges.

Looking Ahead

As Johnson & Johnson progresses through 2026, attention will center on execution of its raised targets and advancement of key programs. The company’s ability to deliver consistent results while investing for the future will shape its trajectory.

With shares showing strength amid positive updates, Johnson & Johnson continues demonstrating resilience in a dynamic health care environment. Its focus on innovation, operational excellence, and shareholder returns positions it as a cornerstone of many investment portfolios.

Search still drives intent-led leads for most UK firms. Google says it handles trillions of searches each year. That scale brings noise, fast shifts, and sudden drops that you only spot with clean data.

Business Matters often covers growth levers that sit between marketing and ops. Rank tracking sits right there. It looks simple, but many SMEs lose weeks to bans, skewed results, or tool sprawl.

Why SERP data fails in the real world

Most teams start with a SaaS rank checker. That works until you need local packs, “near me” terms, or niche pages. Then you need raw results, not a single rank number.

Google also personalises results by place, device, and past clicks. Even “incognito” runs still vary by IP and locale. If you collect data from one office line, you log a view that few users see.

Sites also fight bots. They add rate limits, CAPTCHAs, and soft blocks that return empty pages. Your pipeline can “work” but still record bad data.

Design a lean pipeline before you add tools

Start with business questions, not keywords

Set a short list of board-level signals. Track share of page one for your top offers. Track how often maps show rivals ahead of you. Track brand vs non-brand split for your key pages.

Keep the first data set small. You can scale later once the flow stays stable. You also cut cost by scraping less and learning more.

Control pace and shape of requests

Scrapers fail when they hammer endpoints. Set a low request rate per target and add random gaps. Rotate user agents and keep headers steady for each session.

Cache what you can. A results page rarely needs a second pull in the same day. Reuse HTML for parse tests, so you do not hit the live page each run.

Pick an IP plan that matches the job

IP choice drives both access and data quality. Data centre IPs cost less, but blocks often follow. Mobile IPs help with hard targets, but they cost more and add churn.

Many SMEs need steady geo results for a set of towns. A fixed IP per town helps you spot real change, not drift. Many teams start with a static residential proxy.

Do not treat proxies as a magic key. Keep the same slow pace and clean sessions. You buy headroom, not a free pass.

Compliance: reduce risk without killing the project

Scraping sits in a grey zone for many firms. You must manage legal risk, client trust, and supplier terms. A simple rule helps: collect what you need, and keep it for as short a time as you can.

UK GDPR sets clear stakes. Fines can reach £17.5m or 4% of global annual turnover. You rarely need personal data for SERP work, so design the pipeline to avoid it.

Log only what supports audits and fixes. Store the query, time, locale, and parse status. Drop cookies and raw pages fast unless you need them for proof.

Check the terms for each target and for any API you use. Treat robots.txt as a signal for crawl care, not as a shield. Run your plan past counsel when the data will feed pricing, credit, or high-stakes claims.

Make the output fit how SMEs run

Engineers love raw feeds. Leaders want a short view of risk and return. Give both by splitting outputs into two layers.

Send the raw rows to a store you can query. Then publish a weekly pack with three charts: wins, losses, and causes. Tie each cause to an action, like “fix title,” “ship page speed,” or “build links to this page.”

Set a clear service level. Define how fast you detect a drop and how fast you alert. When the pipeline meets that bar, scale coverage and add new regions.

A good SERP pipeline does not chase vanity ranks. It gives SMEs early warning and sharp proof. That helps you spend less on guesswork and more on work that moves sales.

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KB Home (KBH) Q2 2026 Earnings Call June 23, 2026 5:00 PM EDT

Company Participants

Jill Peters – Senior Vice President of Investor Relations
Jeffrey Mezger – Executive Chairman
Rob McGibney – CEO, President & Director
William Hollinger – Senior VP & Chief Accounting Officer

Conference Call Participants

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John Lovallo – UBS Investment Bank, Research Division
Matthew Bouley – Barclays Bank PLC, Research Division
Stephen Kim – Evercore ISI Institutional Equities, Research Division
Michael Dahl – RBC Capital Markets, Research Division
Alan Ratner – Zelman & Associates LLC
Rafe Jadrosich – BofA Securities, Research Division
Paul Przybylski – Wolfe Research, LLC
Jade Rahmani – Keefe, Bruyette, & Woods, Inc., Research Division
Jay McCanless – Citizens JMP Securities, LLC, Research Division

Presentation

Operator

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Good afternoon. My name is John and I’ll be your conference operator today. I would like to welcome everyone to the KB Home 2026 second quarter earnings conference call. All participant lines are in a listen-only mode. [Operator Instructions] This conference call is being recorded, and a replay will be accessible on the KB Home website until July 23rd, 2026.

I will now turn the call over to Jill Peters, Senior Vice President, Investor Relations. Thank you, Jill. You may begin.

Jill Peters
Senior Vice President of Investor Relations

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Thank you, John. Good afternoon, everyone, and thank you for joining us today to review our results for the second quarter of fiscal 2026. On the call are Jeff Mezger, Executive Chairman, Rob McGibney, President and Chief Executive Officer, Bill Hollinger, Senior Vice President and Chief Accounting Officer, and Thad Johnson, Senior Vice President and Treasurer.

During this call, items will be discussed that are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guarantees of future results and the company does not undertake any obligation to update them. Due to

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Clay Craft India is set to make its stock market debut on Wednesday with the grey market signalling a positive listing. The company’s shares were quoting at a grey market premium (GMP) of around 13%, indicating a potential listing gain of about Rs 26 over the issue price of Rs 203 per share, though GMP is an unofficial indicator and may not reflect the actual listing performance.

The Rs 110.11-crore NSE SME IPO was subscribed 103.06 times during the three-day bidding period, led by strong demand from non-institutional investors and qualified institutional buyers.

The NII portion was subscribed 153.95 times, while the QIB category was booked 119.19 times. The retail investors’ quota attracted 71.76 times subscription. Overall, the issue received bids for 37.18 crore shares against 36.08 lakh shares on offer.

The IPO was entirely a fresh issue of 54.24 lakh equity shares, with proceeds earmarked primarily for setting up an additional manufacturing facility at Manda, Rajasthan, besides general corporate purposes. Hem Securities was the book-running lead manager, while KFin Technologies acted as the registrar.

About the company

Founded in 1994, Clay Craft India manufactures bone china crockery and ceramic tableware used across households, hotels, restaurants and corporate gifting. Its portfolio includes dinnerware, mugs, platters, tea and coffee sets, and customised ceramic products for institutional customers.
The company also caters to the HoReCa (hotel, restaurant and catering) segment and offers nearly 5,770 SKUs across multiple product categories. It has an extensive distribution network and employs more than 1,390 people.

Financial performance

Clay Craft reported healthy financial growth in FY26. Total income rose 20% year-on-year to Rs 184.57 crore, while profit after tax increased 30% to Rs 27.01 crore. EBITDA stood at Rs 41.96 crore, compared with Rs 35.39 crore in the previous year, while the company’s net worth improved to Rs 166.06 crore.

Despite the strong subscription and positive grey market premium, investors will closely watch the stock’s listing performance amid broader sentiment in the SME segment, where post-listing returns have remained mixed in recent months.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)