Somany Ceramics Sees GST Impact Fading In Coming Quarters

Somany Ceramics’ net profit rose 10.6 percent year-on-year to Rs 21.25 crore during September quarter.

Anirudh Saligrama @journoanirudh

15 Nov 2017, 04:37 PM IST

Tile samples hang on display inside a showroom.

Somany Ceramics will benefit from the recent cut in the Goods and Services Tax rate on ceramics to 18 percent from 28 percent earlier, its Managing Director Abhishek Somany told BloombergQuint. The GST impact would fade away in the upcoming quarters, he said.

The company reported its earnings for the September quarter today. He also outlined the performance of previous quarter and expectations for the coming quarters.

Watch the full conversation here: