Somany Ceramics Limited has informed the Exchange about Transcript
SOMANYCERA · price
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Somany Ceramics reported Q4 sales growth of 6% and full-year growth of 5%. EBITDA margin improved to 11.4% in Q4 and 9.3% for FY26. The Max plant achieved breakeven after reporting INR9 crore loss in Q4 last year. Sanitaryware segment grew 8% to INR320 crore. The company took price hikes of 15-17% in tiles and 8% in sanitaryware to offset gas price increases caused by geopolitical developments. Morbi (unorganized sector) is currently running at 60-65% capacity with labor shortages, and management expects 10-15% of Morbi capacity to never restart. Management guided for 150+ basis points EBITDA margin improvement and 20-25% revenue growth if gas prices remain at current levels. Working capital improved with receivable days down from 51 to 40. The company added 200 net dealers taking total to 3,100.
The company expects significant margin improvement of 150+ bps driven by price hikes and market share gains from unorganized players. The current geopolitical disruption is viewed as a positive for organized players like Somany as Morbi struggles with high gas costs and pricing discipline improves in the industry.