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Encouraging Q2 performance, ready flats in Mumbai, NCR selling: Somany Ceramics

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Operating performance for the second quarter has been quite encouraging, Somany Ceramics MD Abhishek Somany said in an interview to CNBC-TV18. Somany said that ready flats in the National Capital Region and Mumbai were finding takers and that was helping demand for tiles.

Operating performance for the second quarter has been quite encouraging, Somany Ceramics MD Abhishek Somany said in an interview to CNBC-TV18. Somany said that ready flats in the National Capital Region and Mumbai were finding takers and that was helping demand for tiles.
He said the Indian tile industry is set to gain as a 'China plus one' strategy, (sourcing from countries other than China) is gaining ground. He said the tiles industry, in general, will benefit from the reduction in domestic gas prices.
Including the benefits of lower gas prices, Somany said his company will see a sustained cost reduction of Rs 1-1.5 crore per month.
Watch video for more.