Somany Ceramics Ltd.'s (SCL) Q1FY27 result was above our estimates on key parameters. Despite weak sales volume growth of mere 2.8% over Q1FY26, the company's impressive net sales growth of 24% was driven by improved NSR by 20.3%. SCL Passed through 16% to 17% price increases to compensate for monthly gas price increases. The company announced a new 9mn sq. meter plant in South India with a ~Rs220 crore outlay and Rs350 crore annual revenue potential, operational in 12 to...