Analysts/Institutional Investor Meet/Con. Call Updates

11th November, 2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy (NSE) Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Bandra (E), Mumbai — 400 001 Mumbai — 400 051 Scrip Code: 531548 Symbol: SOMANYCERA Subject: Transcript of the Earnings Conference Call for Q2 FY 2026‐27 pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Please find enclosed the Transcript of the Earnings Conference Call held on Thursday, 5th November, 2026 regarding the Financial Performance of the Company for the quarter and half year ended 30th September, 2026. The aforesaid information may also be accessed on the website of the Company at www.somanyceramics.com. This is for your information and records. Thanking you, Yours faithfully, For Somany Ceramics Limited Anuj Kalia Company Secretary & Compliance Officer Membership No.: A31850 Encl: as above SOMANY CERAMICS LIMITED | Corporate Office: F-36, Sector-6, Noida, 201301 (U.P.), India Registered Office: 2, Red Cross Place, Kolkata - 700 001 | Tel: (033) 22487406/5913 Corporate Identity Number (CIN): L40200WB1968PLC224116 T: 0120 - 4627900 | customer.care@somanyceramics.com | www.somanyceramics.com | 1800-1030-004 “Somany Ceramics Limited Q2 FY27 Earnings Conference Call” November 05, 2026 MANAGEMENT: MR. ABHISHEK SOMANY – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER – SOMANY CERAMICS LIMITED MR. SHRIVATSA SOMANY – HEAD-BATHWARE – SOMANY CERAMICS LIMITED MR. AMEYA SOMANY – JOINT PRESIDENT BUILDING SOLUTIONS – SOMANY CERAMICS LIMITED MR. SAILESH RAJ KEDAWAT – CHIEF FINANCIAL OFFICER – SOMANY CERAMICS LIMITED MODERATOR: MR. NAVIN AGRAWAL – HEAD, INSTITUTIONAL EQUITIES – SKP SECURITIES LIMITED Page 1 of 13 Somany Ceramics Limited November 05, 2026 Moderator: Good afternoon, ladies and gentlemen. Welcome to Somany Ceramics Limited's Q2 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode. There will be an opportunity for you to ask questions after the management's opening remarks. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Navin Agrawal, Head Institutional Equities at SKP Securities Limited. Thank you, and over to you, sir. Navin Agrawal: Good afternoon, ladies and gentlemen. It is my pleasure to welcome you on behalf of Somany Ceramics Limited and SKP Securities to this financial results conference call. We have with us Mr. Abhishek Somany, MD and CEO, Mr. Shrivatsa Somany, Head Bathware, Mr. Ameya Somany, Joint President Building Solutions, and Mr. Sailesh Raj Kedawat, CFO. We will have the opening remarks from Mr. Somany, followed by the Q&A session. Thank you, and over to you, Abhishek-ji. Abhishek Somany: Thank you. Good evening, ladies and gentlemen. Welcome to the earnings call of Somany Ceramics Q2. As you would have seen the results, we have grown by approximately 25%, and the volume stands at 5.5% for the quarter. The absolute figure was INR854 crores. The Bathware also has grown at approximately 18%. The EBITDA, due to better utilization, optimum utilization of machinery of our own plants and JVs, we have improved our EBITDA, and that stands at 11.7%. This is on the back of better capacity utilization, a full pass-through of all the price increases, and a better, continued effort on a better product mix. A little bit on the industry. The industry is faced at the domestic front, decent demand. The demand remains resilient both in retail and in projects through the last quarter, considering that we had rains in certain places, etcetera. Exports, however, declined for the industry very significantly in last quarter. The export, last quarter and H1 for that matter, export declined by about 31.2% in the first five months. That is the figure we have. And approximately 44%, 45% in terms of volume. So, that has been a dent to Morbi. If this is the way it continues, then the total export figure for the year would be anywhere between INR12,000 crores and INR13,000 crores. We have seen a little bit of better exports starting this month, with freight rates going down a little bit. This INR12,000 crores, INR13,000 crores would be a decrease from INR18,750 crores last year. This is as far as the industry is concerned. Our breakup was, tiles, we did about 25% growth at INR723 crores. In fact, 27% growth at INR723 crores. INR88 crores for Bathware last quarter at 15%. The Building Solutions, we did approximately 45 crores at about 28% growth. All of the areas we Page 2 of 13 Somany Ceramics Limited November 05, 2026 have been able to grow fairly well. In the last quarter, again, as mentioned earlier in the year, we had certain plant and equipment which is going for upgradation and balance equipment. A couple of plants were not running, which are running now. Therefore, the volume would only be better for Q3 and also significantly better for Q4. As mentioned earlier in the call, our JVs, which last year same time were in a INR12 crores loss in Q2 and INR23 crores loss in H1, is in a profit of INR3 crores in Q2 and INR6 crores in H1. This is in line with what we had said, that the swing of the JV loss versus what the profit would be, would be at least INR40 crores for this year. We would probably better that. Gas prices have remained volatile. We were looking at a favorable gas solution somewhere in end of July, beginning August, but the war got escalated, and the gas prices again became volatile. The overall gas prices stand at approximately INR70 a standard cubic meter. You would be glad to know that most of our plants, as we speak, have become fungible between LPG, propane, and natural gas. We have various sources of gas. Therefore, we have been able to control the overall pricing at approximately INR70 a standard cubic meter, which is up from INR45 a standard cubic meter for FY26 and INR43 a standard cubic meter for Q2. Significant increase in gas pricing, but however, we have been able to pass that on to the consumer. As far as our working capital is concerned, we are in a fairly healthy position. Our receivable days are also probably the best in the industry. On the marketing front, we have been maintaining a 2.3%-2.5% marketing spend, and that would be the spend maintained for the entire year, which in absolute terms would be significantly higher from last year. We have done a lot of effort, as always, on net dealer additions. Approximately in H2, we will see net dealer addition in Q2 and approximately 156 dealer addition in H1. Net showroom increase in H1 approximately is about 35. This is what we have done on the sales and marketing front. Our guidance going forward, considering H1 is now done, the guidance for the entire year FY27 remains to be high single digits, and we are quite sure that we would be able to achieve that. Bathware guidance is going to be +20%, upward to 20%. The EBITDA margin at the beginning of the year, we had mentioned that we would be looking at an EBITDA margin increase for FY27 over the FY26 figure of between 1% and 1.5%. We are revising that to approximately 2%-2.5% improvement over the FY26 figures. Brand spend, like I mentioned, are going to be maintained. Gas and other input costs currently remain to be volatile. As of now, we are able to pass on, but only time will tell as to how this progresses in H2. It would be the same for the entire industry, so hopefully, it should be. If it's a huge increase, it would be a pass-on. Otherwise, it's going to be a daily constant watch on the gas and other input cost pricing. We hope to do a good H2 and continue our progress for FY27 also. This is from Page 3 of 13 Somany Ceramics Limited November 05, 2026 I open the floor to Q&A, and before I finish, I would like to wish every one of you a very, very happy and prosperous Diwali. Thank yo [Showing first 8,000 characters — download PDF for full document]