Somany Ceramics Limited — Investor Meet, 18-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Somany Ceramics reported Q1 FY26 sales up 4% (volume 3%), though operating margins were mildly impacted by reduced capacity utilization. Consolidated capacity utilization was 77%, with standalone at 72%. Gross margins were largely flat year-on-year. The Max plant incurred a ~Rs. 6.5 Cr loss, affecting consolidated profitability.

Management maintains its guidance for high single-digit growth and 1-1.5% EBITDA expansion, banking on improved capacity utilization in H2. The new Durabuild JV, focusing on construction chemicals like waterproofing and admixtures, targets a significant Rs. 11,000-12,000 Cr market. The company continues focusing on value addition, innovation, and expanding distribution in Tier-II/III towns. Management expressed confidence in H2's top line and bottom line improvement.