Q4 EBITDA margin improvement of 1-1.5%
Management expects another 100-150bps EBITDA margin expansion in Q4 FY26 through reduced Somany Max losses and better operating leverage.
SOMANYCERA / guidance tracker
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Somany Ceramics · forward-looking guidance across the available source record.
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margins
Somany Max losses below 10 crore in FY27
Max plant losses of 26-27 crore in FY26 expected to reduce below 10 crore next fiscal year with production ramp-up from February-March 2026.
Somany Max to achieve profitability by FY28
Management expressed high confidence in turning around the Max plant to profit situation within approximately 18 months from current date.
Single-digit sales growth for FY26
Management maintained guidance of decent single-digit revenue growth for the full year, with Q4 expected to be a good quarter on all metrics.
EBITDA Margin Target: 10.5-10.8%
Management targets 150bps improvement from 9.3% FY26 base, potentially reaching low-to-mid teens on sustained basis if gas prices normalize and price hikes fully absorb cost inflation of ~7 rupees per sqft.
Tile Volume Growth: Decent Single-Digit
Full-year volume growth expected in decent single digits with sanitary ware growing at aggressive double-digit rates; value growth guidance of 20-25% conditional on gas prices remaining at current elevated levels.
Capex Budget: 70-80 Crore Routine
FY27 capex largely routine with balancing equipment investments in vintage plant to improve value-addition and capacity utilization; no significant expansion capex planned.
Price Hike: 16-17% Tile, 8% Bathware
Price increases implemented across segments: tile ~16-17% since March, bathware 18% in February, blended bathware-sanitaryware 8% in April; retail fully passed on costs, projects partially at 85-90%.