Somany Ceramics Q4 Review - Strong All-Round Show: ICICI Direct
A visitor looks at samples of interior wall tiles. (Photographer: Kiyoshi Ota/Bloomberg)

Somany Ceramics Q4 Review - Strong All-Round Show: ICICI Direct

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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.

ICICI Direct Report

Somany Ceramics Ltd. reported strong growth on a benign base (~31% decline in Q4 FY20).

Tiles sales volumes were up 52% YoY at 16.9 million square meter with realisations up 4% YoY at Rs 293/ standard cubic meter.

Tiles revenues were up 57.8% YoY at Rs 491.1 crore while bathware revenues were up 58% YoY at Rs 57 crore.

Ebitda, at Rs 88.9 crore, was up 5.4 times YoY, driven by operating leverage and lower other costs.

Margins at 15.8%, were up 12% on a depressed base. Profit after tax was at Rs 30.3 crore.

Click on the attachment to read the full report:

ICICI Direct Somany Ceramics Q4FY21 Result Update.pdf

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