Somany Ceramics Limited — Investor Meet, 04-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Somany Ceramics Limited's Q2 FY25 earnings call highlighted muted demand due to weak domestic sales and lower exports. The company reported a 2.6% sales growth while exports dropped 15% in H1. Although operating margins remained stable at 8.5%, gross margins declined to 33.3%. The management anticipates moderate single-digit growth for H2, with potential improvement from festive demand and recent declines in freight rates. Capacity utilization is currently low, but optimism for recovery remains as market conditions improve.