Somany Ceramics Limited — Investor Meet, 10-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Somany Ceramics reported 3.6% Q2 FY26 growth. EBITDA stood at 7.9% for H1 and Q2, impacted by a 1-1.25% outage at the Kassar plant, with an insurance claim filed. The Max JV posted a INR7.5 crore loss, operating at 50% utilization, but aims for 75-80% by Q4 to curb losses. GVT sales rose 1%, targeting 50%+ of total sales within 12-18 months. Management maintains its mid-to-high single-digit growth guidance. H2 EBITDA margins are expected to exceed 10%, driven by increased capacity utilization from 75% to over 85% and an improved product mix. With no major capex planned for 12-18 months and a robust balance sheet, the outlook is positive for operational efficiency and market recovery.