Varmora Granito Ltd.

About the Company

We are one of the leading players in the Indian tiles market in terms of revenue in Fiscal 2025 among the selected listed peers (Source: Technopak Report). According to the Technopak Report, we are the fastest growing among the selected listed peers in India in terms of revenue CAGR, with tiles as its primary segment, between Fiscals 2023 to 2025. The market leading growth is driven by our forefront position in tile innovation and premiumization in India (Source: Technopak Report). We have consistently leveraged technology to pioneer design and quality advancements in the industry. For instance, according to the Technopak Report, we were the first to launch digitally printed wall tiles in 2010 and one of the first in the industry to introduce homogenous-body slabs ((i) 1170 x 1770 mm; and (ii) 1185 x 1785 mm full-body slabs) in 2006, double charge tiles in 2012, high gloss and rocker in 2017 and kitchen slabs (80x260) in 2020. We are also the first company to commercialize integrated stone technology (“IST”) in Asia in 2024 (Source: Technopak Report), with a technology partnership with SACMI Imola S.C. (“SACMI”), an Italian tile equipment provider.

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