Somany Ceramics Limited has announced the resignation of Mr. Atish Bhattacharya from his position as HR Head and Senior Management Personnel, effective 2nd February, 2026. The company informed both BSE and NSE about this senior management change in compliance with regulatory requirements.

Resignation Details

The resignation was formally communicated through a letter dated 2nd February, 2026, with Mr. Bhattacharya citing a change in delegation of responsibilities as the reason for his departure. The company has provided comprehensive disclosure pursuant to Regulation 30 of SEBI Listing Regulations.

Regulatory Compliance

Somany Ceramics has fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the required documentation to both stock exchanges where its shares are listed.

Stock Exchange Details:

• BSE Scrip Code: 531548
• NSE Symbol: SOMANYCERA

Documentation and Disclosure

The company has provided complete documentation including the resignation letter and regulatory disclosures as annexures. Company Secretary and Compliance Officer Anuj Kalia signed the intimation letter, ensuring proper compliance with listing regulations.

In his resignation letter, Mr. Bhattacharya expressed gratitude for the opportunities and support received during his tenure as HR Head. The information has been made available on the company's website at www.somanyceramics.com for stakeholder access.

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