India’s second largest ceramics group closed the 2023-24 financial year with a 4.6% growth of consolidated revenues and expects to achieve double-digit growth this year.
While waiting for the inauguration of the Somany Max plant in December, the Indian group expects a double-digit growth in volume and an improvement in margins in the current fiscal year
After the large capacity expansion completed this year, Somany Ceramics has become the second biggest Indian tile producer. Watch CEO Abhishek Somany’s interview at the inaugural conference at Tecna 2022.
The company expects to return to CAGR of 12-13% over the next 3-4 years and to increase profitability through capacity expansion for glazed vitrified tiles and a greater retail footprint.
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