Somany Ceramics Q2 Review - Another Quarter Of Strong Sales Volume Growth: IDBI Capital

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..IDBI Capital Report.Somany Ceramics Ltd.’s Q2 FY22 result was in-line with our estimates on key parameters. The company witnessed robust product off-take in retail segment which aided net sales growth. Though increase in raw material prices was a concern, the management guided that increased cost was passed to the customers with a lag of 15-20 days. Net sales increased by 32.3% YoY, while Ebitda came in at Rs 682 million, up 38% YoY. Somany Ceramics reported net profit of Rs 350 million as against Rs 205 million in the same quarter last year. The management guided that sales volume growth will remain ~15%-20% in H2 FY22E. We believe timely capacity addition, focus on improving working capital cycle and healthy performance of bathware segment will drive sustainable earnings growth in near future..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Somany Ceramics Q2 Review - Another Quarter Of Strong Sales Volume Growth: IDBI Capital

Somany Ceramics Q2 Review - Another Quarter Of Strong Sales Volume Growth: IDBI Capital

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