Somany Ceramics Limited (SCL), incorporated in 1968 by Late Shri Hiralal Somany Ji, has established itself as one of the top 15 global giants in the Ceramic Industry and the second-largest Indian tile producer following significant capacity expansion. The company operates under the capable leadership of Mr. Shreekant Somany, Chairman & Managing Director, and Mr. Abhishek Somany, Managing Director & CEO.
Somany Ceramics Limited is a manufacturer and trader of complete decor solutions. The company is primarily engaged in manufacturing ceramic and vitrified wall and floor tiles. Its extensive product range includes polished vitrified tiles, glazed vitrified tiles, sanitaryware, bath fittings, and allied products. Moreover, it boasts a strong global presence, exporting its products to over 55 countries across six continents.
As of recent trading sessions (June 2025), Somany Ceramics has a market capitalization of ₹2,237 crore. The company's financial performance for FY2024-25 showed mixed results. Sales rose by 2.56% to ₹2,643.31 crore in the year ended March 2025, compared to ₹2,577.32 crore during the previous year ended March 2024. However, net profit declined by 38.00% to ₹60.07 crore in FY2024-25, against ₹96.88 crore in FY2023-24.
For the latest quarter ending March 2025 (Q4 FY2024-25), sales increased by 4.65% to ₹765.86 crore, as against ₹731.81 crore during the previous quarter ended March 2024 (Q4 FY2023-24). The company's quarterly performance was impacted by challenging market conditions, with net profit declining by 30.74% to ₹21.34 crore in Q4 FY2024-25, compared to ₹30.81 crore in Q4 FY2023-24.
The company offers a comprehensive product portfolio designed to provide complete decor solutions. Based on FY2022-23 revenue breakdown, its portfolio comprises ceramic tiles (34%), polished vitrified tiles (26%), glazed vitrified tiles (29%), sanitary ware (6%), and bath fittings (4%).
Somany Ceramics provides a wide selection across all categories, including ceramic (wall and floor tiles), polished vitrified tiles, glazed vitrified tiles, sanitary ware, and bath fittings. Specific products include ceramic tile, floor tiles, digital tiles, wall tiles, wall claddings, and tile laying solutions. In sanitaryware, it offers toilets, basins, vanity cabinets, cisterns, urinals, and accessories. Bath fittings include faucets, showers, bath fitting accessories, allied products, and health faucets. The company also innovates with smart bathware products such as sensor urinals, sensor faucets and toilets, dispensers, sanitizers, water heaters, and adhesives.
Somany Ceramics has consistently focused on capacity expansion and product innovation. Last year marked the successful start-up of the new 4 million sqm Somany Max Factory, equipped with advanced Continua+ technology. This facility enabled the recent market launch of the new Coverstone range of slabs in various large formats (800x2400 mm, 800x2600 mm, 800x2800 mm, 800x3000 mm, 1200x1800 mm, and 1200x2400 mm) with 15 mm and 9 mm thicknesses.
In 2025, the company further reinforced its commitment to innovation by launching the Duragres Collection 2025. This collection features Everstone, Eternastone, and Harmony tiles in advanced Glazed Vitrified formats, demonstrating SCL's dedication to premium product offerings.
In Q4 FY2024-25, Somany Ceramics demonstrated resilience with a 5% growth in total sales, despite facing a challenging industry landscape marked by weak demand and a 20% decline in exports. Operating margins remained stable at 8.2%, although gross margins contracted due to increased discounting and rising costs, particularly from gas price hikes.
Additionally, strong performance in bathware sales, which grew by 18%, reflects a strategic emphasis on quality and market share expansion. The company continues to navigate regional disparities and competitive pressures effectively.
Management is optimistic about future growth, projecting a 25% increase in government and private project sales. The company plans to focus on operational efficiency and cost management to enhance profitability. With the Indian real estate industry expected to remain buoyant for the next 5-7 years, ceramic tile consumption in India is likely to show a strong recovery from 2025 onwards. This positive scenario allows Somany Ceramics to anticipate achieving double-digit growth in its topline this year, along with an improvement in operating margins.
The promoter holding in Somany Ceramics Ltd decreased slightly to 55.01% as of March 2025, from 55.02% as of June 2024. The company maintains strong corporate governance standards and has received reaffirmation in credit ratings from CRISIL for bank facilities aggregating ₹425 crore at CRISIL AA-; Stable/ CRISIL A1+.
• Market Cap: ₹2,237 crore (as of June 2025)
• Revenue FY2024-25: ₹2,643.31 crore
• Net Profit FY2024-25: ₹60.07 crore
• Q4 FY2024-25 Revenue: ₹765.86 crore
• Q4 FY2024-25 Net Profit: ₹21.34 crore
• Dividend Declared: ₹3 per share (150%) for FY2024-25
• Promoter Holding: 55.01% (as of March 2025)
Somany Ceramics' diverse product portfolio, strong brand presence, and strategic investments in capacity expansion position it well for future growth, despite current market challenges. With its sustained focus on innovation and quality, the company continues to maintain its position as a leading player in India's dynamic ceramic industry.
