Somany CEO: 1 in 5 Indian tile plants face shutdown as gas costs squeeze Morbi cluster
Somany Ceramics flags 20% of India's tile plants at closure risk as rising gas prices and costly European kilns drive consolidation across Morbi's 850-unit cluster. Company posts ₹817.93 cr Q4 FY26 revenue (+6.36% YoY), commits ₹600 cr capex over 30 months targeting low double-digit growth.
Somany Ceramics CEO predicts 20% of India's tile plants will shut as rising gas prices and costly European equipment force consolidation in Morbi cluster. Company posted ₹817.93 cr Q4 FY26 revenue, plans retail expansion targeting low double-digit growth.