Analysts/Institutional Investor Meet/Con. Call Updates

Somany Ceramics reported Q1 FY27 volume sales growth of 3% and value growth of 24%. EBITDA margins improved to 11.6%, driven by 83% capacity utilization and JVs turning profitable (INR3 Cr profit vs. INR10 Cr loss YoY). Management is confident in sustaining 11%+ margins, targeting 12%+, and projects mid-single-digit volume growth.

Despite volatile gas prices (16-18% hike passed on) and reduced Morbi exports, demand remains decent.

A new 9M SqM South plant (INR220 Cr outlay, INR350 Cr revenue potential) is planned for FY28, complemented by current debottlenecking adding 4-5M SqM capacity by Q4 FY27. The tone is confident on operational efficiency and strategic growth.