Antique Stock Broking has lowered its target price for Somany Ceramics due to reduced earnings estimates stemming from slower volume growth and margin recovery. Despite these adjustments, the brokerage maintains a 'Buy' rating, citing attractive stock valuations. Somany Ceramics projects mid- to high-single-digit volume growth and improved EBITDA margins for FY26, with demand stronger in smaller cities. The company has resolved plant issues and aims to enhance capacity utilization and strengthen its balance sheet.