Building Materials (Q2FY22 Results Preview): Strong recovery!
Subsequently, we expect aggregate revenue/EBITDA/APAT for our coverage universe to surge 40/31/36% YoY. We maintain a positive stance on both tiles...
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Somany Ceramics (Initiating Coverage): Geared for growth. BUY
We expect the tightened working capital and healthy operating profits to keep the balance sheet in check during FY22-24E, despite a higher expected...
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Somany Ceramics: Strong All-Round Show
Covid to impact Q1; mid teen growth guidance for FY22 Volume growth was led by strong traction in tier II, III and below cities, aiding capacity...
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Somany Ceramics (BUY): Strong operational performance, BUY remains
SOMC reported consolidated Q4FY21 revenue growth of 59% YoY with tile volumes up 52% off a low base due to the national lockdown last year
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India Building Materials: Tile Makers Face Double Whammy
50 new plants in the unorganized sector to manufacture premium GVT tiles has created massive oversupply in the face of weak demand GVT...
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