What the company does
Varmora Granito is a leading player in the Indian tiles market, offering a diverse range of products including tiles, bathware, and adhesives. The company operates nine manufacturing facilities in Morbi, Gujarat, with a total installed capacity of 43.80 million square meters for tiles and 858.60 thousand pieces for sanitaryware. It has a strong distribution network with over 2,286 dealers across 949 cities in India.
Industry opportunity
The Indian tiles market is projected to grow significantly, driven by factors such as real estate development and government initiatives. The market is expected to reach ₹769.0 billion by Fiscal 2029, with GVT expected to account for 45.0% of tile industry revenue. Varmora is well-positioned to capitalize on this growth with its focus on premium products.