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.
What happened
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
Key facts
- 20% of plants to shut
- 850 plants in Morbi
- Q4 FY26 revenue ₹817.93 cr
- 6.36% YoY growth
- ₹600 cr capex over 30 months
- 72 mn sq ft sold
- 79% capacity utilisation
- 84% revenue from tiles
- 98% domestic 2% export
- exports to 80 countries
Why this matters
A fragmented Morbi cluster with 170+ plants likely to shut creates a buyer's market for distressed tile assets, kilns, and brand rollups over the next 24 months—now is the window to map targets.