Somany Ceramics Limited — Investor Meet, 12-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Somany Ceramics has announced a board meeting on the financial results for the quarter and half-year. Q4 sales grew 5% with 3% volume rise; operating margins held at 8.2% despite a 2.8% gross margin dip due to discounts and lower utilization (81%). EBITDA margin was 8.4%, affected by sales mix and Max plant losses at 55% utilization. Bathware sales surged 18% QoQ; management targets double-digit growth. Channel sales are ~80%, with project/government sales set to reach ~25% by FY26. Debt stands at INR288 Cr. Capacity utilization at Max plant should improve to 75%-80% by H2 FY26, aiding margin expansion of 1%-1.5%. Management stays focused on disciplined product mix and expects demand recovery with cautious optimism.