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Somany Ceramics Q3 Review — Benign Show As Expected, Lucrative Valuations Drives 'Buy', Says Yes Securities
Given the lucrative multiples, Yes Securities maintains its Buy rating on the stock, with a revised target price of Rs 728 by valuing the company at P/E(x) if 20x on FY27E EPS.
07 Feb 2025, 10:25 AM IST 
Somany Ceramics' Ebitda margins came in at 8.3% versus 9.6%/8.4% in Q3 FY24/Q2 FY25 respectively.
(Photo Source: Company website)
Somany Ceramics maintained their guidance of mid to high-single digit growth and expect margins to improve with better utilizations. Brand spends will continue to be ~2.5% of sales.
