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Varmora Granito Q2 Net Profit Triples to Rs 44 Crore
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CNBC TV18•19-10-2026, 23:40
Varmora Granito Q2 Net Profit Triples to Rs 44 Crore
- •Varmora Granito reported a net profit of Rs 44 crore for the September quarter of FY27, more than triple the Rs 14.4 crore earned in the same period last year.
- •Revenue from operations rose 9 percent year-on-year to Rs 399 crore, rebounding from a decline in the previous quarter.
- •EBITDA grew 19 percent to Rs 68.3 crore, with margins expanding by 226 basis points to 17 percent.
- •The company raised product prices by 18 to 19 percent to successfully offset higher gas costs following disruptions in Morbi.
- •Glazed vitrified tiles and technical products accounted for 87 percent of the company's revenue in the first half of FY27.
Key Questions Answered
Varmora Granito reported a net profit of ₹44 crore for the September quarter of FY27, more than triple the ₹14.4 crore earned in the same period last year. Revenue from operations increased by 9% year-on-year to ₹399 crore, while EBITDA grew 19% to ₹68.3 crore.
The June quarter was affected by an industry-wide shutdown of tile manufacturing plants in Morbi, Gujarat, from early March to mid-April due to rising gas prices following the West Asian conflict. To offset these higher gas costs, Varmora Granito raised product prices by 18% to 19%.
Varmora Granito completed its ₹708.02 crore initial public offering at ₹148 per share. The company's shares were subsequently listed on the BSE and NSE on September 29, 2026.
