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BUY Somany Ceramics Ltd For Target Rs. 896 By Yes Securities 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
BUY Somany Ceramics Ltd For Target Rs. 896 By Yes Securities
Source: Yes Securities Ltd
2024-08-22 12:32:38 pm
Buy Somany Ceramics Ltd For Target Rs. 950 By JM Financial Services 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
Buy Somany Ceramics Ltd For Target Rs. 950 By JM Financial Services
Source: JM Financial Services
2024-07-07 02:58:52 pm
Buy Somany Ceramics Ltd For Target Rs.950 By JM Financial Services 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
Buy Somany Ceramics Ltd For Target Rs.950 By JM Financial Services
Source: JM Financial Services
2024-07-03 06:19:44 pm
BUY Somany Ceramics Ltd. For Target Rs. 817 - Yes Securities 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
BUY Somany Ceramics Ltd. For Target Rs. 817 - Yes Securities
Source: Yes Securities
2024-06-28 05:32:47 pm
BUY Somany Ceramics Ltd. For Target Rs. 817 - Yes Securities 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
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
Buy Somany Ceramics Ltd for Target Rs. 1,018 - SKP Securities Ltd 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
Buy Somany Ceramics Ltd for Target Rs. 1,018 - SKP Securities Ltd
Source: SKP Securities Ltd
2024-02-06 11:11:29 am