What we do Varmora Granito Ltd manufactures and sells high-quality vitrified, ceramic tiles, and kitchen slabs through extensive retail and B2B networks primarily in India. |
Founded in 2,003 |
Market share Strong presence with extensive retail footprint of over 286 exclusive outlets and 2,000 multi-brand outlets in India. |
Problem solved Provides durable, aesthetic, and innovative tile solutions catering to consumer and developer needs for premium flooring and décor. |
Top clients or who we serve B2C retail customers, builders, contractors, developers, and government empanelment clients. |
Key management - |
Our journey and innovations Pioneered vitrified tiles in 2004, launched digitally printed wall tiles in 2010, expanded into sanitaryware (2014), high gloss tiles (2017), and kitchen slabs (2020). |
Where we operate Primarily India with significant manufacturing plants in Morbi, Gujarat. |
Top products or what we offer Glazed vitrified tiles, polished vitrified tiles, ceramic tiles, sanitaryware, and marble-like kitchen slabs. |
Top brands - |
Raw materials needed Minerals and chemicals for tile production including clays, feldspar, and glazes. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue is recurring through consistent tile and sanitaryware sales to retail and commercial segments. |
Our industry position Recognized player in Indian tile industry with wide distribution and product innovation leadership. |
Financial highlights FY2026 revenue Rs 1512.46 crore; Net profit Rs 62.06 crore showing steady growth trajectory. |
Geographical revenue split - |
Order book - |
Whats driving growth Product innovation, premiumization, expanding retail outlets, and increasing penetration in B2B channels. |
Our future plans Expand production capacity with new plants, launch new marble-like surfaces, and raise funds via IPO for growth. |
Our green promise - |
Our people and values - |
Key challenges ahead Competition in tile sector, raw material price volatility, and market expansion challenges. |
Interesting facts Established two greenfield plants in Morbi in FY 2024; early adopter of digital printing technology in tiles. |
Risks and strategy Mitigate raw material risks via supplier diversification; focus on innovation and distribution expansion for market leadership. |
