+
Somany Ceramics sees 41% profit dip
ECONOMY & POLICY

Somany Ceramics sees 41% profit dip

In the second quarter of FY25, Somany Ceramics reported a significant decline in net profit, registering a decrease of 41.28% year-over-year. The company's financial results showed that net profit dropped to ₹16.95 crore, affected by challenges in demand and rising costs across the ceramic industry. Revenue in Q2 also experienced a slight dip, totaling ₹595.7 crore compared to ₹600.5 crore in the same period last year. Somany Ceramics cited rising input costs and subdued market demand as contributing factors to the profit decline, which has impacted operational profitability and constrained growth margins. 

The company’s EBITDA showed a decrease of 22.4%, amounting to ₹54 crore, down from ₹69.5 crore in the previous year. Somany Ceramics noted that while the demand for premium tiles remains steady, other segments have faced lower demand, reflecting broader economic pressures affecting consumer spending. To address these challenges, the company is refining its product mix and implementing cost-optimization measures, hoping to stabilize profit margins in the coming quarters.

Amidst a challenging quarter, Somany remains committed to expanding its market presence by focusing on new product launches and investing in technology for increased operational efficiency. The company believes these strategic moves will support future growth and resilience in the face of market volatility.

In the second quarter of FY25, Somany Ceramics reported a significant decline in net profit, registering a decrease of 41.28% year-over-year. The company's financial results showed that net profit dropped to ₹16.95 crore, affected by challenges in demand and rising costs across the ceramic industry. Revenue in Q2 also experienced a slight dip, totaling ₹595.7 crore compared to ₹600.5 crore in the same period last year. Somany Ceramics cited rising input costs and subdued market demand as contributing factors to the profit decline, which has impacted operational profitability and constrained growth margins. The company’s EBITDA showed a decrease of 22.4%, amounting to ₹54 crore, down from ₹69.5 crore in the previous year. Somany Ceramics noted that while the demand for premium tiles remains steady, other segments have faced lower demand, reflecting broader economic pressures affecting consumer spending. To address these challenges, the company is refining its product mix and implementing cost-optimization measures, hoping to stabilize profit margins in the coming quarters.Amidst a challenging quarter, Somany remains committed to expanding its market presence by focusing on new product launches and investing in technology for increased operational efficiency. The company believes these strategic moves will support future growth and resilience in the face of market volatility.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code