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    Somany Ceramics is this week's top stock; why analysts are bullish

    Synopsis

    With a wide distribution network and strong brand value, Somany is well-positioned to gain from the buoyant prospects of the sanitaryware industry.

    The decor solutions provider and tiles manufacturer reported constrained volume growth of 7.3% year-onyear in the March 2024 quarter, amid softer domestic demand and lower exports. However, despite a challenging environment, the revenue and EBITDA surpassed Reuters-Refinitiv estimates by 4% and 11.1%, respectively.While gross margins contracted by 250 basis points during the quarter due to discounts offered to counter muted demand, lower costs
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    The Economic Times