• Pricing dynamics: Organized players raised prices by 16% to 17% while unorganized players hiked prices by 35% to 45%, significantly narrowing the pricing gap between the two segments.
• Volume growth guidance: Somany is guiding for high single-digit volume growth of 5% to 7%, citing ongoing supply constraints in sourcing quality-standard material from Morbi.
• Margin outlook: Plants are operating at virtually 100% capacity with complete pass-through of natural gas cost increases, which alongside an improved value-added mix is expected to sustain and expand margins over the next three quarters.
• Tirupati JV capex: The company is investing approximately ₹225 crore in a new South India joint venture facility with an annual capacity of 9 to 10 million square meters, expected to yield ₹350 crore in revenue for Somany.