Varmora Granito
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From 7 stories, the newest dated 29 Sept 2026. Summary written 3 Oct 2026.
Varmora Granito is an Indian tiles maker that operates in the tiles and home-improvement category.[1] source: NDTV Profit[2] source: Business Today
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Its B2C retail business accounted for 66.8% of domestic sales in FY26, supported by eight manufacturing facilities in Gujarat's Morbi region.[3] source: CNBC-TV18 It operates more than 275 exclusive outlets and more than 2,000 multi-brand outlets across India.[4] source: NDTV Profit
Varmora Granito listed on September 29, 2026 at Rs 155 on the NSE, a 4.73% premium to its Rs 148 IPO price.[5] source: Financial Express It listed at ₹152 on the BSE.[6] source: Mint The Rs 708.02 crore IPO was made up of a fresh issue of Rs 320 crore and an OFS of Rs 388.02 crore.[1] source: NDTV Profit It was subscribed 1.58 times.[6] source: Mint FY26 total income reached Rs 1,563 crore and PAT stood at Rs 55 crore.[5] source: Financial Express The company completed ₹450 crore capex across FY24 and FY25.[7] source: CNBC-TV18 It plans to repay ₹240 crore net debt using part of the IPO proceeds.[7] source: CNBC-TV18 It is shifting toward premium tiles and lab-grown marble, and projects ₹2,500 crore revenue potential by FY29.[7] source: CNBC-TV18
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Questions about Varmora Granito
How many Varmora Granito stores are there?
Varmora Granito operates more than 275 exclusive outlets and more than 2,000 multi-brand outlets across India, as reported on September 29, 2026.[4] source: NDTV Profit
What is Varmora Granito's current strategy in India?
Varmora Granito completed ₹450 crore capex across FY24 and FY25 and is shifting toward premium tiles and lab-grown marble.[7] source: CNBC-TV18 In September 2026 it listed after a Rs 708.02 crore IPO and plans to repay ₹240 crore net debt from the proceeds.[7] source: CNBC-TV18[1] source: NDTV Profit