Somany Ceramics Ltd — earnings calls

Somany Ceramics reported Q1 FY27 sales volume growth of about 3% while value grew 24%, with EBITDA margin rising 3.6 percentage points to 11.6% on higher capacity utilisation and improved joint venture performance. Management attributed the modest volume growth to a Morbi supply disruption in April, while noting exports from Morbi were down 50-60% from peak due to geopolitical reasons. The company also announced a new tile plant in the South with an outlay of approximately Rs 220 crore, expected to be operational in 12-15 months.

Somany Ceramics reported Q4 FY26 sales growth of about 6% and full-year FY26 growth of about 5%, with EBITDA margin at 11.4% in Q4 and 9.3% for the year. Management described a gas price shock following the geopolitical conflict beginning around 9th March, which disrupted supply in Morbi and forced price increases of 15-17% in tiles and about 8% in sanitaryware and bathware. The company also reported that its Somany Max plant reduced losses from Rs 27 crores to Rs 21 crores year-on-year and nearly reached breakeven in Q4.