Varmora Granito doubles down on profit as quarterly net income tops ₹44 crore
Tile maker Varmora Granito more than tripled its quarterly net profit to ₹44 crore and lifted revenue 9%, according to CNBC-TV18 reporting.
- published on Newsmetry
- original source published
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner. connect the api →
what happened
Tile maker Varmora Granito posted a second-quarter net profit of ₹44 crore, according to CNBC-TV18, which is over three times the ₹14.4 crore recorded a year earlier. Revenue from operations climbed 9% to ₹399 crore, while EBITDA rose 19% to ₹68.3 crore and its margin widened to 17% from 14.7%.
The company credited price increases of 18–19%, introduced after gas costs spiked in Morbi during the West Asia conflict, when plants there were closed from early March to mid-April. Average gas expenses dropped to ₹80.53 per standard cubic metre. First-half revenue rose 3.3%, but exports slid 18% to ₹124.5 crore, which the company linked to the conflict and higher shipping charges to Gulf destinations.
Varmora began output at its Allemby Ceramics plant in Tezpur, Assam, stopped tile production at Solaris to switch it to glazed vitrified tiles, and sold its stake in Simola Tiles LLP. Shares have traded on the BSE and NSE since September 29, 2026.
why it matters
The results show how Indian tile producers passed higher gas costs on to buyers, a dynamic relevant mainly to holders of the newly listed stock. For the broader market the impact is limited.
tags
instruments
sources
- Varmora Granito Q2 results: Profit more than triples to ₹44 crore, revenue rises 9% — CNBC-TV18, 19 October 2026 at 18:09 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
the public page opens no earlier than 15 minutes after we detect the story. approved stories may reach the api sooner.
get stories in real time ↗