Volumes have grown by about 3-4% in Q4, says Somany Ceramics

Speaking about the decline in revenues, Somany said, “The Q4 numbers are actually up by 2.3%. We are more or less flat.  We had a SAP implementation issue in the first quarter. We were able to cover a lot of ground and finally landed up from a minus 18% at first quarter to almost a flat figure in the year end. However, we are very happy with the Q4 numbers because it was a very high base last year. On that, we have grown 2.3%.”