Somany Ceramics Limited conducted its Q3FY26 earnings conference call on January 28, 2026, providing comprehensive insights into the company's financial performance and strategic outlook. The call, moderated by SKP Securities, featured key management personnel including MD & CEO Abhishek Somany, CFO Sailesh Raj Kedawat, and other senior executives.

Financial Performance Highlights

The company reported consolidated sales growth of 6% in Q3FY26, reaching Rs. 677 crores. EBITDA demonstrated strong improvement with 16% growth from Rs. 53 crores to Rs. 62 crores, resulting in EBITDA margin expansion to 9.2%, representing an 80 basis points improvement.

Segment-wise Performance Analysis

The company's diversified portfolio showed varied growth across segments. The adhesive and waterproofing vertical demonstrated exceptional performance with 35% growth, while tiles segment grew by 3.6%. The GVT (Glazed Vitrified Tiles) segment continued its upward trajectory, improving from 38% to 42% of the product mix.

Market Conditions and Outlook

Management highlighted improving domestic demand conditions in Q3, attributed to reduced export pressure and increased offtake from the building sector. Export projections for the industry stand at Rs. 19,000-19,500 crores, representing 8-9% growth from the previous year. The company's capacity utilization decreased year-over-year from 85% to 80% but showed quarterly improvement from 76% to 80%.

Operational Developments

The company's debt reduction strategy continues to show progress, with total outside debt decreasing from Rs. 288 crores at the beginning of the year to Rs. 231 crores. The debt structure comprises Rs. 121 crores in term loans and Rs. 95 crores in working capital, with majority repayment scheduled over the next three years.

Strategic Initiatives and Guidance

The management maintained its guidance for decent single-digit growth for the year with EBITDA margin improvement of 1-1.5% expected in Q4 FY26. The company added 170 net dealers in nine months, bringing the total to 3,050 dealers and 530 showrooms. Gas pricing remained stable, providing cost predictability for operations.

Regarding the Max plant operations, management expects substantial loss reduction in Q4, with annual losses projected to decrease from Rs. 25-26 crores to below Rs. 10 crores in FY27. The plant is expected to achieve breakeven within 18 months.

Management Commentary on Market Dynamics

CEO Abhishek Somany expressed optimism about market recovery, noting improved walk-ins and dealer feedback. The company's retail business continues to dominate at 77-78% of sales, with gradual shift expected toward project sales reaching 75% retail mix in the coming year. The management also announced significant price increases in bath fittings segment, driven by 22-23% inflation in brass costs from Rs. 570-580 per kg in April to Rs. 770-780 per kg currently.

Source: Somany Ceramics Q3FY26 Earnings Conference Call Transcript

Somany Ceramics Limited has announced the opening of a special window for re-lodgement of transfer requests of physical shares through newspaper publications on December 29, 2025. This initiative follows regulatory compliance requirements under SEBI guidelines for physical share transfers.

Regulatory Compliance and Notice Details

The company published the notice pursuant to SEBI circular SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025, and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice appeared in two newspapers:

Special Window for Physical Share Transfers

The special window initiative addresses the re-lodgement of transfer requests for physical shares that may have been previously rejected or require reprocessing. This facility provides shareholders holding physical certificates an opportunity to complete their transfer requests through proper channels.

Company Information and Accessibility

Somany Ceramics Limited has made the newspaper publications accessible on its official website at www.somanyceramics.com for stakeholder reference. The company's registered office is located at 2, Red Cross Place, Kolkata - 700 001, with its corporate office at F-36, Sector-6, Noida, 201301 (U.P.), India.

Document Authentication

The notice was digitally signed by Anuj Kalia, Company Secretary & Compliance Officer (Membership No.: A31850), on December 29, 2025, at 13:49:14 +05'30', ensuring proper authentication and compliance with regulatory requirements.

This special window facility demonstrates Somany Ceramics' commitment to facilitating smooth transfer processes for physical shareholders while maintaining compliance with SEBI regulations and listing requirements.