Latest news with #Somany
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Business Standard
7 days ago
- Business
- Business Standard
AGI Greenpac share skyrockets 15% as Q1 profit zooms 41% YoY; details here
AGI Greenpac share price: Glass container company AGI Greenpac shares were buzzing in trade on Tuesday, July 22, 2205, with the scrip zooming up to 15.48 per cent to an intraday high of ₹979 per share. At 1:00 PM, AGI Greenpac share price was trading 13.38 per cent higher at ₹961.15 per share. In comparison, BSE Sensex was trading 0.17 per cent higher at 82,337.71 levels. Why did AGI Greenpac share price rally today? AGI Greenpac share price surged today following the company's robust financial performance in the first quarter of FY26 (Q1FY26). Net profit jumped 41 per cent year-on-year (Y-o-Y) to ₹89 crore in Q1FY26, as compared to ₹63 crore in Q1FY25. Total income rose 25 per cent Y-o-Y to ₹721 crore, from ₹577 crore in Q1FY25. At the operating level, earnings before interest, tax, depreciation and amortisation (Ebitda) climbed 20 per cent Y-o-Y to ₹176 crore in Q1FY26, as against ₹147 crore in Q1FY25. Sandip Somany, chairman and managing director, AGI Greenpac said, " Q1FY26 has set a strong foundation for the year. We solidified our financial position and achieved significant efficiencies throughout our operations. As we progress, our focus remains sharp on executing with agility, strengthening our strategic relationships, and consistently delivering sustainable value to all our stakeholders.' The strong June quarter show was driven by operational efficiency gains, an upgraded product mix favouring high-margin segments like cosmetics, perfumery, and alcohol, and deepened customer relationships. AGI's strategic execution across key areas helped fuel its growth momentum. Adding to the optimism, the company's board approved its entry into the aluminum cans business – marking a major diversification move. The new plant in Uttar Pradesh, with a total investment of ₹1,000 crore in two phases, is expected to begin operations by Q3FY28, with initial annual capacity of 950 million cans, expandable to 1.6 billion by FY30. The expansion aligns with AGI's broader growth strategy, including its ₹700 crore greenfield glass plant in Madhya Pradesh, which will increase glass manufacturing capacity from 2,100 to 2,600 tonnes per day. Scheduled to be operational by March 2027, the plant is expected to further boost sales and profitability. 'We are strategically entering the aluminum cans segment with the clear goal of becoming a top player in this market within a decade, solidifying AGI Greenpac as a truly comprehensive packaging solutions provider. This new venture offers strong synergies with our existing glass packaging business. Both categories serve the alcohol and F&B industries, allowing for leveraging existing customer relationships, distribution networks, and supply chain efficiencies. We are excited about the future, knowing that our success is tied to the purposeful investments we are making in the innovative solutions that will directly fuel our next stage of growth,' Somany added. About AGI Greenpac AGI Greenpac is India's leading container glass manufacturer, offering a wide-ranging portfolio that includes PET bottles, packaging products, and anti-counterfeiting security closures. With seven strategically positioned manufacturing facilities across the country, the company caters to more than 500 globally renowned institutional clients.
Business Standard
17-07-2025
- Business
- Business Standard
Somany Ceramics Acquires Majority Stake in Durabuild, Enters High-Growth Construction Chemicals Segment
PNN New Delhi [India], July 17: Somany Ceramics Ltd., one of India's most respected names in building materials, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, marking its strategic entry into the rapidly expanding construction chemicals market. Founded in 1998 by the late Dr. Dhananjoy Ghanti, a pioneer widely regarded as India's first construction chemical chemist and currently spearheaded by Mr Rudrabir Ghanti, Durabuild brings with it a strong legacy of R & D-driven innovation. With a product portfolio of over 200 SKUs across waterproofing systems, concrete admixtures, tile adhesives, protective coatings, grouts, sealants, and repair mortars, serving major institutional clients across North India. With its manufacturing base in Bahadurgarh, Durabuild has built a credible presence for over two decades. This acquisition marks a pivotal step in Somany's long-term strategy to transform into a total building solutions provider, offering products that not only elevate aesthetics but also strengthen the core of built structures. Durabuild will now operate under the flagship brand 'Somany', emerging as a strategic pillar within Somany's Home and Building Solutions vertical. India's construction chemicals market is on a strong growth trajectory. The waterproofing segment is currently estimated at USD 1.2 billion in 2024 and is projected to reach USD 2.0 billion by 2030, and the cement admixtures segment is expected to more than double to USD 1.9 billion by 2033. Speaking on the acquisition Mr. Abhishek Somany, Managing Director & CEO, Somany Ceramics, said "This acquisition is a strategic leap in our journey to become a full-spectrum building materials brand. Durabuild's technical heritage and institutional trust, combined with Somany's pan-India brand and distribution network, give us the right foundation to scale this business nationwide." Somany plans to deepen its footprint across India by building category awareness in selected segments of the construction chemical space. With this acquisition, Somany not only expands its product universe but also reinforces its brand promise - delivering both elegance and endurance to India's construction landscape. Grant Thorton Advisory Private Limited acted as the exclusive financial advisor for this transaction. About Somany Ceramics Limited: SOMANY Ceramics Limited (SCL) is one of the leading players in the ceramic industry in India and amongst the top 15 manufacturers in the world. The company is a complete solution provider in terms of decor solutions with the widest product selection of Ceramic Wall and Floor tiles, Polished Vitrified Tiles, Glazed Vitrified Tiles and Slabs, Sanitaryware, Bath Fittings, Adhesives, Grouts and Home & Building solutions. SOMANY has pan-India distribution across 12000+ retail points and has over 500 exclusive showrooms. It also exports to more than 80 countries across 6 continents. The company has a capacity to produce ~80 million square meters per annum of tiles through 2 company-owned plants, 5 strategic alliances, and tie-ups with outsourced partners spread across India. It also has manufacturing units for Sanitaryware, Bath fittings and Adhesives.
The Wire
17-07-2025
- Business
- The Wire
Somany Ceramics Acquires Majority Stake in Durabuild, Enters High-Growth Construction Chemicals Segment
New Delhi [India], July 17: Somany Ceramics Ltd., one of India's most respected names in building materials, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, marking its strategic entry into the rapidly expanding construction chemicals market. Founded in 1998 by the late Dr. Dhananjoy Ghanti, a pioneer widely regarded as India's first construction chemical chemist and currently spearheaded by Mr Rudrabir Ghanti, Durabuild brings with it a strong legacy of R&D-driven innovation. With a product portfolio of over 200 SKUs across waterproofing systems, concrete admixtures, tile adhesives, protective coatings, grouts, sealants, and repair mortars, serving major institutional clients across North India. With its manufacturing base in Bahadurgarh, Durabuild has built a credible presence for over two decades. This acquisition marks a pivotal step in Somany's long-term strategy to transform into a total building solutions provider, offering products that not only elevate aesthetics but also strengthen the core of built structures. Durabuild will now operate under the flagship brand 'Somany', emerging as a strategic pillar within Somany's Home and Building Solutions vertical. India's construction chemicals market is on a strong growth trajectory. The waterproofing segment is currently estimated at USD 1.2 billion in 2024 and is projected to reach USD 2.0 billion by 2030, and the cement admixtures segment is expected to more than double to USD 1.9 billion by 2033. Speaking on the acquisition Mr. Abhishek Somany, Managing Director & CEO, Somany Ceramics, said 'This acquisition is a strategic leap in our journey to become a full-spectrum building materials brand. Durabuild's technical heritage and institutional trust, combined with Somany's pan-India brand and distribution network, give us the right foundation to scale this business nationwide.' Somany plans to deepen its footprint across India by building category awareness in selected segments of the construction chemical space. With this acquisition, Somany not only expands its product universe but also reinforces its brand promise - delivering both elegance and endurance to India's construction landscape. Grant Thorton Advisory Private Limited acted as the exclusive financial advisor for this transaction. About Somany Ceramics Limited: SOMANY Ceramics Limited (SCL) is one of the leading players in the ceramic industry in India and amongst the top 15 manufacturers in the world. The company is a complete solution provider in terms of décor solutions with the widest product selection of Ceramic Wall and Floor tiles, Polished Vitrified Tiles, Glazed Vitrified Tiles and Slabs, Sanitaryware, Bath Fittings, Adhesives, Grouts and Home & Building solutions. SOMANY has pan-India distribution across 12000 retail points and has over 500 exclusive showrooms. It also exports to more than 80 countries across 6 continents. The company has a capacity to produce ~80 million square meters per annum of tiles through 2 company-owned plants, 5 strategic alliances, and tie-ups with outsourced partners spread across India. It also has manufacturing units for Sanitaryware, Bath fittings and Adhesives. (Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.).
