Gross Sales rose by 6.7% to INR 1910 Crores in FY17
· Net Profit Increases by 41.0% to INR 86 Crores in FY17
Bangalore, 24th May 2017: Somany Ceramics Limited, the leading manufacturer of wall and floor tiles, sanitaryware and bath fittings in India, posted a stout earnings for the quarter that ended on March 31, 2017.
Profit Before Tax (PBT) rose by 15.2% to INR 43 crores during the quarter as compared to INR 38 crores in corresponding period of last fiscal, while Profit After Tax (PAT) stood at INR 25 crores during the quarter after providing for exceptional item of about Rs. 4 crores.
Commenting on the performance of Q4,Mr. Abhishek Somany, Managing Director, Somany Ceramics Ltd., said, “This year was a year of strategic accomplishment for Somany Ceramics. Our continued efforts in investing in brand and marketing initiatives besides focusing on improving product mix has led to a good performance this quarter and helped us achieve above average industry performance this fiscal year. The categorical network expansion undertaken by us also played an integral part in the growth strategy that we had charted for Somany Ceramics.”
He further added, “We have recently tripled our sanitaryware production capacity from 3.03 lakh units to 11.50 units per annum and within a year we want to establish our bathroom fittings production plant in India. We are confident that going forward, the continuous hard work will only propel our growth further.”
Key Highlights of Q4’FY17 and FY17:
· Gross Sales at INR 580 crores up by 8.9% in Q4’Fy17 and INR 1910 crores up by 6.7% in FY17
· PBT at INR 43 crores up by 15.2% in Q4’Fy17 and INR 137 crores up by 44.2% in FY17
· PAT at INR 25 crores and INR 86 crores in Q4’Fy17 and FY17 respectively
Financial numbers at a glance:
PBT after Exceptional Item
Basic EPS (not annualised)
All figures are in INR crore, except EPS & Growth
About Somany Ceramics Limited:
Somany Ceramics Limited is one of the leading players in the ceramic industry in India. The brand SOMANY has adorned homes with delight, exuberance and vivaciousness resounding with the quality, strength and life of its products for over four decades. The company is a complete solution provider in terms of décor solutions with widest product selection categories – Ceramic Wall and Floor, Polished Vitrified Tiles, Glazed Vitrified Tiles, Sanitaryware and Bath Fittings. It is India’s third largest manufacturer and marketer of tiles through its pan India presence and also exports its products to more than 55 countries across 6 continents. It has access to tiles manufacturing capacity of 60 million square meters through two owned units (Kadi, Gujarat and Kassar, Haryana), seven associates/subsidiary companies and also other outsource vendors. Its innovative VC Shield (a patented “Veil Craft” technology which renders a specially treated coating that protects tiles against abrasion, scratches and stains) and Slip Shield (a unique coating technology which gives anti-skid property to ceramic tiles) ranges stand testimony to technological prowess. Somany is listed on the NSE and BSE, and has over 7,000 shareholders.
BSE Code – 531548
NSE Code – SOMANYCERA
Safe harbor statement:
Statements in this document relating to future status, events, or circumstances etc. are forward-looking statements based on estimates and the anticipated effects of future events. Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of future results. Actual results may differ materially from those anticipated in the forward-looking statements. The company assumes no obligation to update forward-looking statements to reflect actual result, changed assumptions or other factors.