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Result Synopsis Somany Ceramics Ltd (SOMC), registered a muted performance in Q2FY25. Company’s tile volumes grew by 3%YoY (2-year CAGR stood at 6%) while tile revenue remained flattish YoY on account of 3% reduction in realizations. Operating margins remained under pressure at 8.4% Vs 9.8% in Q2FY24 & 8.5% in the previous quarter due to one of the lowest capacity utilizations which came in at 77% as compared to 88%/81% in Q2FY24/Q1FY25 respectively largely due to sluggish demand...

Buy Somany Ceramics Ltd For Target Rs. 873 by Yes Securities Ltd

Source: Yes Securities Ltd
2024-11-15 12:30:56 pm

Result Synopsis SOMC tile volumes remained flattish YoY (2-year CAGR stood at 4%) while tile revenue declined marginally by 3%YoY on account of 2% reduction in realizations. Operating margins were under-pressure at 8.5% Vs 10.8% in previous quarter and 8.6% in Q1FY24 due to lower utilizations which came in at 81% as compared to 89%/70% in Q4FY24/Q1FY24 respectively. Hence absolute EBITDA declined by 3%YoY & 38%QoQ. Though July was tough, it was still better than June’24 & wit...

BUY Somany Ceramics Ltd For Target Rs. 896 By Yes Securities

Source: Yes Securities Ltd
2024-08-22 12:32:38 pm

In-line quarter; Hopeful of recovery from 2HFY25 Somany Ceramics’ (Somany) 4QFY24 revenue was broadly in line with JMFe while lower than expected other expenses led to 5% beat on EBITDA front. Tiles revenue grew 5% YoY (+18% QoQ, +4% 5-year CAGR) , led by volume growth of 7% YoY (+20% QoQ, +4% 5 years CAGR) while realisation fell 2% YoY (-1% QoQ) on account of higher schemes/discounts. Demand for tiles remained sluggish through 4Q and further impacted in 1QFY25 on seasonality. Blende...

Buy Somany Ceramics Ltd For Target Rs. 950 By JM Financial Services

Source: JM Financial Services
2024-07-07 02:58:52 pm

In-line quarter; Hopeful of recovery from 2HFY25 Somany Ceramics’ (Somany) 4QFY24 revenue was broadly in line with JMFe while lower than expected other expenses led to 5% beat on EBITDA front. Tiles revenue grew 5% YoY (+18% QoQ, +4% 5-year CAGR) , led by volume growth of 7% YoY (+20% QoQ, +4% 5 years CAGR) while realisation fell 2% YoY (-1% QoQ) on account of higher schemes/discounts. Demand for tiles remained sluggish through 4Q and further impacted in 1QFY25 on seasonality. Blende...

Buy Somany Ceramics Ltd For Target Rs.950 By JM Financial Services

Source: JM Financial Services
2024-07-03 06:19:44 pm

Beat on all front, stock available at lucrative valuations - maintain BUY! Result Synopsis Somany Ceramics Ltd (SOMC) displayed a strong performance in Q4FY24 Vs our expectations reporting a healthy revenue growth of 8.6%YoY & 20.5%QoQ. Tiles revenue (86% of sales) grew by 5%YoY & 18%QoQ (2-year CAGR stood at 7%), largely driven by volume growth of 7%YoY & 20%QoQ (2-year CAGR came in at 8%). However, on account of higher incentives & extra-discounts to push volumes, ASP ...

BUY Somany Ceramics Ltd. For Target Rs. 817 - Yes Securities

Source: Yes Securities
2024-06-28 05:32:47 pm

Beat on all front, stock available at lucrative valuations - maintain BUY! Result Synopsis Somany Ceramics Ltd (SOMC) displayed a strong performance in Q4FY24 Vs our expectations reporting a healthy revenue growth of 8.6%YoY & 20.5%QoQ. Tiles revenue (86% of sales) grew by 5%YoY & 18%QoQ (2-year CAGR stood at 7%), largely driven by volume growth of 7%YoY & 20%QoQ (2-year CAGR came in at 8%). However, on account of higher incentives & extra-discounts to push volumes, ASP...

BUY Somany Ceramics Ltd. For Target Rs. 817 - Yes Securities

Source: Yes Securities Ltd.
2024-06-27 04:49:18 pm

SOMANY Ceramics launches `SOMANY MAX` Glazed Vitrified Tiles Collection

SOMANY Ceramics Limited, a global leader in ceramic tiles and allied products, proudly unveiled its highly anticipated Somany Max Glazed Vitrified Tiles (GVT) range in 1200 mm x 1800 mm size and 9mm thickness. It offers a wide range of finishes, including Premium Polish, High Gloss, Engravo, Plume, and Gritstone alongside regular Full Polished tiles. Mr. Abhishek SOMANY, Managing Director & CEO of SOMANY Ceramics Ltd., expressed his enthusiasm, stating, "Following the re...

SOMANY Ceramics launches `SOMANY MAX` Glazed Vitrified Tiles Collection

SOMANY Ceramics launches `SOMANY MAX` Glazed Vitrified Tiles Collection

Source: PR Agency
2024-03-12 11:03:57 am

Company Background Somany Ceramics Ltd (Somany), promoted by Late H L Somany, now managed under the leadership of Mr Shreekant Somany, Chairman and Mr Abhishek Somany, MD, is amongst India’s largest players in Ceramic Tiles industry under “SOMANY” brand with a combined manufacturing capacity of ~80 MSM which includes its own manufacturing facilities at Kadi, Gujarat & Kassar, Haryana and its JV and outsource manufacturing partners. It also sells imported tiles. As a stra...

Buy Somany Ceramics Ltd for Target Rs. 1,018 - SKP Securities Ltd

Source: SKP Securities Ltd
2024-02-06 11:11:29 am