• Type of Event: Q2 FY27 Earnings Conference Call regarding the Financial Performance for the quarter and half year ended 30th September, 2026.
  • Date and Time: The call was held on Thursday, 5th November, 2026. The specific time and time zone were not disclosed in the transcript.
  • Purpose: Discussion of quarterly results and strategic updates.
  • Management Participants:
  • Mr. Abhishek Somany – Managing Director and Chief Executive Officer
  • Mr. Shrivatsa Somany – Head-Bathware
  • Mr. Ameya Somany – Joint President Building Solutions
  • Mr. Sailesh Raj Kedawat – Chief Financial Officer
  • Moderator: Mr. Navin Agrawal – Head, Institutional Equities – SKP Securities Limited
  • Financial Period Discussed: Q2 and H1 FY27 (ended 30th September, 2026).
  • Key Financial Highlights:
  • Revenue grew approximately 25% YoY to INR854 crores.
  • Tile revenue grew 27% to INR723 crores.
  • Volume growth stood at 5.5% for the quarter.
  • Bathware revenue grew 18% to INR88 crores.
  • Building Solutions revenue grew 28% to INR45 crores.
  • EBITDA margin improved to 11.7% due to better capacity utilization and full price pass-through.
  • Joint Ventures swung to a profit of INR3 crores in Q2 (from a INR12 crores loss in Q2 FY26) and INR6 crores in H1 (from a INR23 crores loss in H1 FY26).
  • Guidance and Forward-Looking Statements:
  • Full-year FY27 volume growth guidance maintained at high single digits.
  • Bathware growth guidance maintained at +20%.
  • EBITDA margin guidance revised upward to a 2%-2.5% improvement over FY26 (from 1-1.5% previously).
  • Marketing spend to be maintained at 2.3%-2.5% of revenue.
  • GVT mix currently at 45%, expected to reach 65-70% in 2-3 years.
  • Project sales mix increased by 4-5%.
  • Strategic and Operational Updates:
  • The industry export declined by 31.2% in the first five months of FY27.
  • Gas prices volatile, currently at ~INR70/scm vs. INR45/scm in FY26.
  • Most plants are now fungible between LPG, propane, and natural gas.
  • H1 net dealer addition was 156; net showroom addition was 35.
  • Planned capex of ~INR250 crores for Siravit plant expansion (50% debt, 50% equity funded).
  • Routine capex of INR70-80 crores for modernization.
  • Buying extra shares in sanitaryware JV to increase holding to 76% from 51%.
  • Compliance: The transcript was submitted pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015. The document is an informational record of the call; no specific UPSI disclaimer was reiterated in the transcript itself.

Additional Notes Section

  • The document is the enclosed transcript of the earnings call, as referenced in the disclosure letter.
  • The transcript contains detailed management commentary and Q&A with analysts but does not include a separate presentation deck or financial statements.
  • The company's website (www.somanyceramics.com) is provided for additional access.