Somany Ceramics Limited delivered a resilient performance in Q4FY26, with consolidated revenue growing 6% year-on-year to INR 812 crore. Consolidated net profit for the quarter stood at INR 37 crore versus INR 19 crore in the same period last year. EBITDA came in at INR 92 crore against INR 62 crore YoY, with EBITDA margin at 11.4% compared to 8.2% in Q4FY25, driven by effective cost management, operational resilience, and an improved product mix. The company has since revised its investor presentation to correct a typographical error in the working capital data. The company maintained stable production levels despite external headwinds, including constraints in gas availability and a sharp increase in fuel costs from early March due to the US-Iran conflict, particularly impacting propane-dependent units in the Morbi cluster, supported by a diversified manufacturing footprint and uninterrupted operations across its North and South manufacturing facilities.

Q4FY26 Operational Highlights

Tiles production in Q4FY26 stood at 11.65 msm, comprising 6.42 msm from own plants and 5.23 msm from JVs. Capacity utilisation during the quarter was healthy across segments:

• 82% in tiles
• 83% in sanitaryware
• Optimum capacity in faucets

Total tiles volume grew 2% YoY in Q4FY26, as detailed below:

For the full year FY26, total tiles volume also grew 2% YoY to 72.11 msm from 70.85 msm in FY25.

Consolidated Financial Performance

The following table presents the consolidated Profit & Loss performance for Q4FY26 and FY26:

Standalone Financial Performance

On a standalone basis, Somany Ceramics also recorded meaningful improvement. Sales grew 0.9% YoY to INR 748 crore in Q4FY26, while EBITDA surged 35.8% to INR 63 crore, with EBITDA margin expanding to 8.5% from 6.3% in Q4FY25. Standalone PAT rose 31.7% YoY to INR 37 crore, with EPS of INR 9.15 for the quarter.

Sales Value Breakdown

Consolidated sales value for Q4FY26 and FY26 across categories is presented below:

For the full year, total consolidated sales value grew 5% to INR 2,770.51 crore in FY26 from INR 2,643.31 crore in FY25, with Bathware contributing INR 318.90 crore versus INR 295.76 crore in FY25.

Balance Sheet and Working Capital

The company's consolidated balance sheet reflects continued deleveraging. Total consolidated debt declined to INR 251 crore as of March 2026 from INR 302 crore in March 2025. Consolidated net debt reduced sharply to INR 105 crore from INR 225 crore, with the net debt-to-equity ratio improving to 0.12 from 0.29.

The revised investor presentation corrects the working capital figures. The updated consolidated working capital and net debt trend is presented below:

Consolidated Working Capital & Net Debt Trend (INR crore):

On a standalone basis, net debt improved further to INR -123 crore as of March 2026, with a net debt-to-equity ratio of -0.14, reflecting a net cash position.

Manufacturing Footprint and Capacity

As of March 31, 2026, Somany Ceramics operates Pan India manufacturing facilities across Punjab, Gujarat, Haryana, and Andhra Pradesh. Key capacity details include:

• Tiles capacity: ~75 msm p.a. (including dedicated outsource tie-ups)
• Sanitaryware capacity: 0.48 mn pcs p.a. (excluding outsource tie-ups)
• Bath fittings capacity: 1.30 mn pcs p.a. (excluding outsource tie-ups)

Shareholding Pattern

As of March 31, 2026, the shareholding pattern of Somany Ceramics stood as follows, with total equity shares of 4,10,12,806 of ₹2/- each:

The company's focus remains on driving sustainable and profitable growth through product-mix improvement, higher capacity utilisation, disciplined working-capital management, and stronger free cash flow generation.

Somany Ceramics Limited has announced its audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board of directors approved the results during a meeting held on May 15, 2026, which commenced at 1:15 P.M. and concluded at 4:15 P.M. The statutory auditors, M/s. Singhi & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the audited financial results for both standalone and consolidated statements.

Financial Performance

For the financial year ended March 31, 2026, Somany Ceramics reported a consolidated net profit of ₹7,407 lakh, compared to ₹5,798 lakh in the previous year. On a standalone basis, the net profit for the year stood at ₹9,907 lakh, up from ₹8,568 lakh in the prior year. Total consolidated income for the year increased to ₹280,116 lakh from ₹266,778 lakh, while standalone total income rose to ₹266,727 lakh from ₹259,413 lakh.

The following table summarises the key consolidated and standalone financial metrics for the full year:

Quarterly Performance

The fourth quarter of FY26 saw a consolidated net profit of ₹3,740 lakh, compared to ₹1,871 lakh in the corresponding quarter of the previous year. The standalone net profit for the quarter was ₹3,749 lakh, against ₹2,847 lakh in the same period last year. Total income for the quarter ended March 31, 2026, was ₹82,111 lakh on a consolidated basis and ₹76,011 lakh on a standalone basis.

Exceptional Item

During the quarter and year ended March 31, 2026, the company recognised additional provisions for past service obligations relating to gratuity and compensated absences, following the Government of India's notification of four new Labour Codes on November 21, 2025. Based on independent actuarial valuations and guidance from the Institute of Chartered Accountants of India (ICAI), these provisions amounted to ₹345 lakh and ₹509 lakh in the standalone financial results and ₹350 lakh and ₹522 lakh in the consolidated financial results for the quarter and year ended March 31, 2026, respectively. These amounts have been disclosed as 'Exceptional Items' in the results.

Balance Sheet Highlights

As at March 31, 2026, the company's consolidated total assets stood at ₹201,126 lakh, compared to ₹196,688 lakh as at March 31, 2025. Standalone total assets increased to ₹164,557 lakh from ₹154,496 lakh. Consolidated cash and cash equivalents improved significantly to ₹12,833 lakh from ₹5,979 lakh, while standalone cash and cash equivalents rose to ₹12,471 lakh from ₹5,536 lakh.

Dividend Declaration

The board has recommended a final dividend of 100%, or ₹2 per equity share of face value ₹2 each, for the financial year ended March 31, 2026. This is subject to the approval of shareholders at the ensuing 58th Annual General Meeting. If approved, the payment will be made within 30 days from the date of the AGM. Additionally, the board had earlier approved an interim dividend of ₹4 per equity share of face value ₹2 each for the financial year 2025-26.

Strategic Investments and Appointments

The board approved an investment of up to ₹8 crore by way of subscription or acquisition of equity shares in M/s. Vintage Tiles Private Limited (VTPL), an associate company engaged in the manufacturing of Polished Vitrified Tiles. The investment will be made in one or more tranches via cash consideration, with the objective of setting up a solar power plant and upgrading VTPL's existing manufacturing plant. VTPL was incorporated on September 6, 2010, and its turnover over the last three financial years is detailed below:

The company also appointed M/s. Grant Thornton Bharat LLP (FRN: AAA-7677) as its internal auditor for the financial year 2026-27, effective May 15, 2026. Grant Thornton Bharat LLP is one of the largest fully integrated assurance, tax and advisory firms in India, with over 10,000 people and presence across 19 locations in the country, and is part of a global network spanning over 145 countries with more than 68,000 professionals.