Somany Ceramics Limited will interact with analysts and institutional investors on Tuesday, September 29, 2026. The session is scheduled for 4:00 pm IST as part of the Bharat Connect Arihant Capital Virtual Conference.

The company filed an intimation with BSE and NSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will be conducted virtually in a group format.

Meeting Details

Disclosure Guidelines

The company stated that discussions will be based solely on publicly available information. No unpublished price sensitive information (UPSI) is intended to be discussed during the meeting. An investor update may be accessed on the company website at www.somanyceramics.com .

Somany Ceramics noted that changes to the schedule may occur due to exigencies on the part of analysts, institutional investors, fund managers, or the company.

Somany Ceramics Limited released an investor update on September 11, 2026, detailing plans to increase capacity by 5 million square meters (MSM) through debottlenecking. The company anticipates this efficiency drive will generate over ₹200 crore in additional revenue with minimal capital expenditure.

Meeting Schedule

The company arranged two separate group sessions for market participants at a physical location in Mumbai. Both events are intended to provide updates based strictly on publicly available information, aligning with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Industry Dynamics and Challenges

The investor update highlighted significant disruption in the Morbi ceramic industry due to shortages and elevated prices of propane and natural gas. Gas prices surged from ~₹45/scm to as high as ~₹90/scm, with no significant reduction expected in the short term. This has impacted production across the cluster, though industry players have implemented price hikes to offset higher fuel and logistics costs.

Exports faced headwinds, falling to ~₹2,900 crore in Q1 FY27 versus ~₹4,800 crore in Q1 FY26, representing a 39% year-on-year decline. Export volumes stood at ~69 msm, de-growing by 51% year-on-year. Despite this, domestic demand remains robust, supported by healthy residential real estate demand, renovations, premium housing, and infrastructure spending.

Operational Strategy and Capacity

Somany Ceramics is leveraging its multi-geography manufacturing footprint to gain relative advantage during the industry disruption. The company aims to expand EBITDA margins from 9.3% to ~11.3% in FY27 and further by 100 bps in FY28 through operating leverage, higher utilization of owned facilities, and improving joint venture profitability.

Capacity utilization levels are expected to rise significantly:

The company is adding ~20% capacity in FY27E and FY28E. Additionally, ~5 msm of incremental GVT capacity will be generated through debottlenecking and modernization with minimal capex, potentially generating ~₹200+ crore of additional revenue.

Growth Pillars: Premium Mix and Bathware

The revenue mix towards premium products is strengthening. GVT (Glazed Vitrified Tiles) revenue mix is projected to rise from 41% in FY26 to 48% in FY27E and 60% in FY28E. Non-tiles mix is also expected to grow from 16.2% in FY26 to 20% in FY28E.

Bathware is identified as the next growth pillar, with revenue projected to reach ₹400 crore in FY27E and ₹500 crore in FY28E, up from ₹319 crore in FY26.

South India Expansion

The company plans a south India expansion with 9+ msm GVT manufacturing capacity requiring a capex of INR 220 crore. Commissioning is expected in 12-15 months, presenting an INR ~350+ crore potential revenue opportunity. Funding will be through a mix of debt and equity.

Financial Position

Somany Ceramics reported a stronger balance sheet with debt reducing to ₹251 crore in FY26 from ₹477 crore in FY22. The debt-to-EBITDA ratio improved to 0.97x in FY26 from 2.31x in FY22. Cash profit increased to ₹189 crore in FY26, while capex decreased to ₹67 crore.

Working capital days improved to 9 days in FY26 from 39 days in FY22. Debtors days also reduced to 40 days in FY26 from 42 days in FY22.

What the Numbers Show

The divergence between export performance and domestic strategy is notable. While exports de-grew by 39% in Q1 FY27, the company is aggressively expanding domestic capacity and distribution, adding ~200 dealers in FY26 to reach ~3,100 active dealers. This shift underscores a strategic pivot towards capturing market share in the organized domestic segment amidst industry-wide supply disruptions caused by gas price volatility.