Somany Ceramics has been a big gainer in 2020. The stock has given a return of over 50 percent this year and is up 18 percent this month.
Speaking in an interview with CNBC-TV18, Abhishek Somany, Managing Director of Somany Ceramics said, “Our orderbook remains robust and we have grown reasonably well in October, November and December.”
On sanitaryware business, he said, “We are running at 100 percent capacity on this front and we do believe that we should be able to grow a fair bit on sanitaryware business in this quarter.”
We have a larger catch up game to play in sanitaryware business, said Somany.
“As far as the year is concerned, of course sanitaryware is far more labour intensive business and got hit more than the tiles did in terms of production. So we did lose more in sanitaryware and therefore, we have a larger catch up game to play in the next quarter. So we may not be able show a very large growth year on year (YoY) but there would be growth.”
Watch the video for more