Somany Ceramics Limited has informed the Exchange about Investor Presentation
6th February, 2025
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai — 400 001 Scrip Code: 531548
National Stock Exchange of India Ltd. (NSE) Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai — 400 051 Symbol: SOMANYCERA
Sub: Investor Update for the Q3/FY2024-25.
Dear Sir/Madam,
Please find enclosed herewith Investor update of Somany Ceramics Limited regarding performance of the Company during the Quarter and Nine Months ended on 31st December, 2024.
The Investor update may also be accessed on the website of the Company www.somanyceramics.com.
This is for your information & records.
Thanking you,
Yours faithfully, For Somany Ceramics Limited
Ambrish Julka Sr. GM (Legal) and Company Secretary M No.: F4484
Encl: as above
SOMANY CERAMICS LIMITED | Corporate Office: F-36, Sector-6, Noida, 201301 (U.P.), India Registered Office: 2, Red Cross Place, Kolkata - 700 001 | Tel: (033) 22487406/5913 Corporate Identity Number (CIN): L40200WB1968PLC224116 T: 0120 - 4627900 | customer.care@somanyceramics.com | www.somanyceramics.com | 1800-1030-004
SOMANY CERAMICS LIMITED
Investor Update – Q3’Fy25
February 06, 2025
Safe Harbor
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Somany Ceramics Ltd (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
Safe Harbor
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.
Message
We reported a topline growth of 5% in Q3, demonstrating our resilience and ability to navigate a softer demand environment in both domestic and export markets. While market conditions remain dynamic, our focus on operational efficiency has enabled us to maintain stable operating margins on a QoQ basis.
In line with our continuous steps towards the efficient capital allocation, we divested two joint ventures during the quarter.
As a part of our strategic growth initiatives, we would be investing in a company engaged in construction chemical which is an emerging business for us.
We welcome the government’s progressive income tax rationalization for individuals, which is expected to enhance disposable income and drive discretionary spending.
Moreover, the continued push for urbanization and sanitation through increased allocations for city redevelopment, water and sanitation projects, and additional allocation (under SWAMIH 2.0) for completion of another 1 lakh housing units should provide a tailwind for industry growth.
Performance Snapshot
Capacity
Production
Sales Mix
Financial
Tiles capacity of ~80 msm p.a. (including dedicated outsource tie ups)
Sanitaryware capacity of 0.48 mn pcs p.a. (excluding outsource tie ups)
Bath fittings capacity at 1.30 mn pcs p.a. (excluding outsource tie ups)
Tiles Production of 12.49 msm; Own plants (6.39 msm) and JVs (6.10 msm)
Capacity Utilisation in Q3 stood at:
• 86% in tiles • 87% in sanitaryware • 109% in faucets
Own manufacturing (27%), JVs (36%) & Others (37%)
Sales grew by 5.1% to ₹ 640 crores
Operating margin @ 8.4%
PBT and PAT stood at ₹ 19 and ₹ 9 crores respectively
Sales Performance
Tiles Volume (msm)
16.35
4.41
6.14
5.80
17.08
5.94
5.59
5.55
49.40
2%
13.57
17.21
50.44
15.10
18.27
18.62
17.07
Q3'Fy24
Q3'Fy25
9M'Fy24
9M'Fy25
Own Manufacturing
JVs (Tiles)
Own Manufacturing
JVs (Tiles)
Others Tiles
Others Tiles
Sales Performance (Value)
₹ in crores
608.79
15.82
65.46
141.94
199.87
640.07
23.10
71.04
176.06
200.04
1845.51 47.62
186.88
433.75
1877.45 64.56
201.66
455.39
571.89
628.33
185.70
169.83
605.37
527.51
Q3'Fy24
Q3'Fy25
Own Manufacturing Others Tiles Others
JVs (Tiles) Bathware
9M'Fy24
9M'Fy25
Own Manufacturing Others Tiles Others
JVs (Tiles) Bathware
Working Capital & Net Debt
Standalone
Consolidated
483
311
436
286
192
194
446 281
218
234
230
149 21
262
296
221
20
Mar'22
Mar'23
-7 Mar'24
-3 Sep'24
-2 Dec'24
391
378
268
31
274
260 237
39
559
347
337
516
370
304
521 376
288
8
13
11
Mar'22
Mar'23
Mar'24
Sep'24
Dec'24
Working Capital days
Debtors
Working Capital days
Debtors
Inventories
Trade payable
Inventories
Trade payable
31 0.04
37
0.05
-0.07
-0.04
-0.03
Mar'22
Mar'23
Mar'24
Sep'24
Dec'24
308
257
280
267
250
-50
-29
-20
0.39
0.39
0.36
0.36
0.33
Mar'22
Mar'23
Mar'24
Sep'24
Dec'24
Net Debt
Net Debt Equity ratio
Net Debt
Net Debt Equity ratio
Figures in INR crores; Working Capital days excluding investments & cash balance, short term borrowings, capital creditors
Profit & Loss (Standalone)
Particulars
Q3'Fy25 Q3'Fy24 Growth 9M'Fy25 9M'Fy24 Growth
Sales
EBIDTA
621
597
4.0%
1,819
1,816
0.2%
32
36 (12.4%)
93
120 (22.8%)
EBIDTA margin
5.1%
6.1%
(1.0%)
5.1%
6.6%
(1.5%)
Profit Before Tax
20
28 (28.1%)
66
102 (35.0%)
PBT margin
3.3%
4.7%
(1.5%)
3.7%
5.6%
(2.0%)
Exceptional Item (Gain)/Loss PBT after Exceptional Item
Tax expenses
Profit after tax
(9)
30
7
23
(1)
-
(9)
2
-
30
0.5%
9
(21.6%)
21
9.5%
76
19
57
100 (24.2%)
26
(28.2%)
74 (22.9%)
EPS (Rs.)
5.63
4.97
13.3%
13.95
17.46 (20.1%)
Figures in ₹ crores
Profit & Loss (Consolidated)
Particulars
Q3'Fy25 Q3'Fy24 Growth 9M'Fy25 9M'Fy24 Growth
Sales
EBIDTA
640
53
609
5.1%
1,877
1,846
1.7%
59
(9.4%)
158
174
(8.8%)
EBIDTA margin
8.4%
9.7% (1.3%)
8.4%
9.4%
(1.0%)
Profit Before Tax
19
32 (40.3%)
62
97
(35.5%)
PBT margin
3.0%
5.3% (2.3%)
3.3%
5.2%
(1.9%)
Exceptional Item (Gain)/Loss PBT after Exceptional Item
Tax expenses
Profit after tax
PAT - Controlling Interest
2
17
8
10
9
(1)
-
33 (48.6%)
10 (25.1%)
23 (58.7%)
22 (58.1%)
2
60
21
39
39
5
-
91
(33.9%)
26
66
66
(18.4%)
(40.0%)
(41.4%)
EPS (Rs.)
2.26
5.22 (56.7%)
9.45
15.56
(39.3%)
Figures in ₹ crores
Pan India Manufacturing Facilities
1.30 mn pcs @ Derabassi, Punjab (Faucet)
23.32 MSM @ Bahadurgarh, Haryana (Tiles)
Tiles Adhesive @ Bahadurgarh, Haryana
10.13 MSM @ Ahmedabad, Gujarat (Tiles)
Tiles Adhesive @ Ahmedabad, Gujarat
11.44 MSM @ Morbi, Gujarat (Tiles)
0.48 mn pcs @ Morbi, Gujarat (Sanitaryware)*
7.08 MSM @ Tirupati, Andhra Pradesh (Tiles)
Shareholding as on 31st Dec’24
Particulars
31st Dec’24
30th Sep’24
Promoters
55.0%
55.0%
19.7%
FII
DII
1.6%
1.8%
23.6%
23.5%
55.0%
23.5%
Others
19.8%
19.7%
Equity Shares
4,10,07,703
4,10,03,620
1.8%
Equity shares of ₹ 2/- each
Promoters
FII
DII
Others
For further information, please contact:
Mr. Kumar Sunit, Head – Strategy & Investor Relations
kumar.sunit@somanyceramics.com
www.somanyceramics.com
CIN - L40200WB1968PLC224116