Somany Ceramics Limited has informed the Exchange about Transcript
SOMANYCERA · price
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Somany Ceramics reported Q1 FY26 sales of Rs. 601 crores, growing 4% (3% by volume), with another ~1.2% from Nepal sales that don't consolidate. Operating margins were mildly impacted due to lower capacity utilization — consolidated utilization fell from 81% to 77%, and the Max plant ran at just 51-52% utilization, posting a ~Rs. 6.5 crore loss. Gross margin was largely flat YoY (down 1.8%), though it improved 3.2% sequentially. Sanitaryware was hit by a planned kiln shutdown (now back to 100%), bringing in Rs. 63 crores. Management concluded a new JV with Durabuild for construction chemicals (waterproofing, admixtures), with go-to-market starting by end-September. Dealer network expanded by ~65 outlets, and the company reiterated guidance of high single-digit revenue growth and 1-1.5% EBITDA expansion for FY26, expressing strong confidence in an H2 recovery driven by improved capacity utilization.
The reaffirmed guidance and explicit confidence in margin expansion in H2 is a mildly positive signal for investors, though near-term Q1 weakness and ongoing Max plant drag cap upside. Continued demand softness in domestic tiles and Morbi-led export pressure remain key risks to watch.