ICICI Securities Ltd | Retail Equity Research Somany Ceramics' (Somany) sales volumes grew 2.3% YoY to 15.9 MSM (our estimate: 15.2 MSM) given the high base Somany reported a dismal topline performance as its revenue degrew 5.9% YoY to | 526.7 crore (our expectation: | 530.9 crore) The EBITDA margin contracted 20 bps YoY to 8.9% (our estimate: 7.4%) on account of higher other expenses (25.1% as a percentage of sales in Q4FY18 vs. 20.3% in Q4FY17) Net profit de-grew 6.0% YoY to | 23.5 crore (our expectation: | 21.8...