Somany Ceramics

The company for Q2FY16 posted a 8% (YoY) rise in net sales at Rs.403 crore and net profit grew 14% at Rs.11 crore. Its tiles sales volume was at 10.78 msm v/s 10.20 msm, a growth of 6%. Sales mix in Q2’FY16 - Own manufacturing (35%), JV (41%) and Others (24%).

Somany Fine Vitrified Private Limited, a subsidiary company, commenced production of 4.3 Msm (million square meter) p.a. of Polished Vitrified Tiles during October, 2015. Its capacity Expansion for 4 Msm p.a. of glazed vitrified tiles at Kassar plant, Haryana is on course and expected to be completed in Q1’FY17. It currently has access to capacity at 56 msm p.a and it is set to increase to 60 msm p.a. in Q1’FY17. Its debt currently stands at Rs.200 crore.