Somany Ceramics consolidated net profit declines 15.72% in the June 2024 quarter

Business Outlook | Capacity utilisation in FY24 is at 83% and will likely improve in FY25 says Abhishek Somany, MD & CEO of Somany Ceramics. He tells Nigel D'Souza and Mangalam Maloo that co. will see high double-digit growth in sanitaryware.

#somanyceramics #Q4FY24results #Q4FY24earnings #growthoutlook #businessoutlook #FY25outlook #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday  

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Q1 Was A Washout Due to Election & Severe Heat, See Limited Growth In Q2: Somany Ceramics

The company’s Q2 consolidated net profit rose 152.13% YoY to Rs 29.5 crore, beating Bloomberg estimate of Rs Rs 24.7 crore.

Somany Ceramics Jumps Over 8% After Q2 Profit More Than Doubles

The joint venture will be for the purpose of establishing a tile manufacturing facility in Nepal for manufacture of wall and floor tiles and allied products in Nepal, and sale thereof.

Somany Ceramics gains on joint venture for tile-making facility in Nepal

ICICI Securities is bullish on Somany Ceramics recommended buy rating on the stock with a target price of Rs 939 in its research report dated August 12, 2023.

Buy Somany Ceramics; target of Rs 939: ICICI Securities

Somany Ceramics Consolidated June 2023 Net Sales at Rs 586.53 crore, up 4.9% Y-o-Y

Net capacity addition at Somany Ceramics has been around 11 million square meters across ongoing projects that have seen an investment of around Rs 500 crore.

Somany Ceramics capacity addition on track across 11 plants

Results Review for Shree Cement and Somany Ceramics

Somany Ceramics Consolidated March 2023 Net Sales at Rs 679.22 crore, up 10.12% Y-o-Y

Somany Ceramics Q4 Results Review - Higher Sales Volume Supported Quarterly Performance: IDBI Capital

uzzing stocks: Coal India, Max Healthcare, JSW Steel, Ashok Leyland, CMS Info, ITI, HFCL, Wockhardt, Thangamayil, Akko Nobel, Amara Raja, Fortis Healthcare, JSW Energy, Somany Ceramics

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Hasn't fared well - amongst the low performers

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Seems to be overvalued vs the market average

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Lagging behind the market in financials growth

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Showing good signs of profitability & efficiency

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The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

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Good time to consider, stock is not in the overbought zone

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Somany Ceramics Limited is a manufacturer and marketer of tiles and offers a range of sanitary ware and bath fittings. The Company is engaged in manufacturing ceramic/vitrified wall and floor tiles.