{"id":95328,"date":"2026-10-22T19:08:06","date_gmt":"2026-10-22T13:38:06","guid":{"rendered":"https:\/\/newswireindia.in\/index.php\/2026\/10\/22\/varmora-granito-shares-climb-nearly-6-as-h1-profit-jumps-498-to-rs-53-7-crore\/"},"modified":"2026-10-22T19:08:06","modified_gmt":"2026-10-22T13:38:06","slug":"varmora-granito-shares-climb-nearly-6-as-h1-profit-jumps-498-to-rs-53-7-crore","status":"publish","type":"post","link":"https:\/\/newswireindia.in\/index.php\/2026\/10\/22\/varmora-granito-shares-climb-nearly-6-as-h1-profit-jumps-498-to-rs-53-7-crore\/","title":{"rendered":"Varmora Granito Shares Climb Nearly 6% as H1 Profit Jumps 498% to Rs 53.7 Crore"},"content":{"rendered":"
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Revenue rises 3.3% to Rs. 714.2 crore in the first half of FY27, with a strong recovery in the September quarter<\/em><\/strong><\/p>\n

Ahmedabad (Gujarat) [India], October 22:<\/strong> Varmora Granito Limited reported a 498% year-on-year increase in profit after tax (PAT) to Rs. 53.7 crore<\/strong> for the first half of FY27, supported by a recovery in the September quarter and growth in its premium tile and technical product portfolio.<\/p>\n

The company\u2019s revenue from operations for the six months ended September 30, 2026, rose 3.3% year-on-year to Rs. 714.2 crore<\/strong>. These are Varmora\u2019s first financial results since its shares were listed on the BSE and NSE on September 29<\/strong>.<\/p>\n

Revenue for the September quarter stood at Rs. 399 crore, up 9% year-on-year and 27% sequentially<\/strong>. Profit after tax for the quarter was Rs. 44 crore, up 206% from Rs. 14.4 crore<\/strong> in the corresponding quarter of the previous financial year. PAT for the June quarter stood at Rs. 9.7 crore.<\/p>\n

The first quarter was affected by disruptions to tile manufacturing in Morbi following a sharp rise in natural gas prices amid the West Asia conflict. Several plants remained shut from early March until mid-April, affecting production and sales volumes. The company\u2019s revenue for the June quarter declined 2.9% year-on-year to Rs. 315.3 crore<\/strong>.<\/p>\n

Commenting on the results, Bhavesh Varmora, Chairman and Managing Director of Varmora Granito Limited<\/strong>, said, \u201cThis is a milestone moment for Varmora as we report our first results as a listed company. Despite a challenging first quarter, we recorded a 498% increase in profit for the first half of the financial year. The September quarter saw a strong recovery, with revenue growing 27% over the previous quarter. Price increases during the period have recovered the higher gas costs, while our focus remains on cash generation, product innovation and expanding our retail network.\u201d<\/em><\/p>\n

Premium glazed vitrified tiles (GVT) and technical products, including Integrated Stone Technology, accounted for 87% of revenue in the first half<\/strong>, up from 83% a year earlier. The category recorded 9% growth on an annual basis<\/strong>. The company also launched 508 new designs<\/strong> during the period and added four exclusive brand outlets, taking its network to 309, alongside more than 2,000 multi-brand outlets<\/strong>.<\/p>\n

Varmora\u2019s domestic revenue for the first half of the year rose 9% to Rs. 589.7 crore<\/strong>, accounting for 83% of the total. Export revenue declined 18% to Rs. 124.5 crore<\/strong>, affected by the disruption in Morbi and higher freight costs to Gulf markets.<\/p>\n

EBITDA for the first half stood at Rs. 101.3 crore, with a margin of 14%<\/strong>, compared with 12% in the corresponding period last year.<\/p>\n

During the period, Varmora completed its initial public offering of Rs. 708 crore, including a fresh issue of Rs. 320 crore<\/strong>. Proceeds from the fresh issue were used to repay debt. The company also commenced production at its new manufacturing facility in Tezpur, Assam<\/strong>, and plans to upgrade its Solaris unit to manufacture GVT. It divested its stake in Simola Tiles LLP as part of its focus on its core product portfolio.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Revenue rises 3.3% to Rs. 714.2 crore in the first half of FY27, with a strong recovery in the September quarter Ahmedabad (Gujarat) [India], October 22: Varmora Granito Limited reported a 498% year-on-year increase in profit after tax (PAT) to Rs. 53.7 crore for the first half of FY27, supported by a recovery in the […]<\/p>\n","protected":false},"author":1,"featured_media":95329,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[638],"tags":[637],"class_list":["post-95328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-finance"],"_links":{"self":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/95328","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/comments?post=95328"}],"version-history":[{"count":0,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/posts\/95328\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media\/95329"}],"wp:attachment":[{"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/media?parent=95328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/categories?post=95328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newswireindia.in\/index.php\/wp-json\/wp\/v2\/tags?post=95328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}