Somany Ceramics grows despite the slowdown in the Indian market

The last financial year closed with a 2.6% increase in revenues, despite a decline in margins due to rising production factor costs. Forecasts for a recovery in the Indian market are positive.

Somany Ceramics, India’s second largest ceramics group, closed the 2024-2025 financial year (ending 31 March 2025) with positive results despite the slowdown in the Indian domestic market. Turnover grew by 2.6% year-on-year to INR 26.43 billion (approx. US $320 million), following the previous year’s 4.6% increase. This performance reflects the company’s resilient strategies to sustain growth alongside the significant investments made in recent years.

“Amid the challenging backdrop, we have demonstrated resilience, strategic clarity and consistent execution”, explains Managing Director & CEO Abhishek Somany. “A key strategic highlight of the year was our exit from low margin ventures. This enabled us to streamline operations and sharpen our focus on high-margin segments. We also improved our product mix and continued to deepen our retail penetration in Tier 3 and 4 towns”.

Somany’s market presence continues to strengthen, both domestically and internationally. It serves customers across 76 countries – mostly in Middle East, Africa and Latin America -, while in India it operates through 2,880 active dealers and 514 showrooms, cementing its position as one of the most trusted names in Indian households.

The company currently has access to tile manufacturing capacity of 75 million square metres per annum, which comprises its 7 plants and outsourcing tie-ups.

“In financial year 2024-2025, we achieved 81% capacity utilisation across our tile plants and recorded a consolidated sales volume of 70.85 million sqm, a very positive result considering the softer domestic market and export headwinds”, says Abhishek Somany.

This year Somany Ceramics has returned to exhibit at Cersaie.

“We see the Italian exhibition as the ideal global stage to showcase our design and manufacturing excellence”, says Somany. “Visitors can experience our latest innovations in slabs, premium surfaces and technologically advanced tiles that blend functionality with contemporary aesthetics. Our expectation is to build stronger connections with architects, designers and global trade partners, while positioning Somany as a serious international player amid today’s evolving geopolitical and trade landscape, where diversification and innovation are the keys to growth”.

Read the full interview published in Ceramic World Review No. 163