Somany Ceramics CEO: 20% of India's tile plants face shutdown as gas costs squeeze Morbi cluster
Somany Ceramics chief flags industry consolidation over next two years, with one in five of Morbi's 850 plants likely to exit as gas prices and European equipment costs crush inefficient players. Company posted Q4 FY26 revenue of ₹817.93 cr (+6.36% YoY) and plans ₹600 cr capex over 30 months.
Somany Ceramics CEO predicts 20% of India's tile plants, mainly in Morbi, will shut as rising gas prices and costly European equipment squeeze inefficient players, accelerating consolidation. Company posted ₹817.93 cr Q4 FY26 revenue, eyes retail expansion.