• The document is a regulatory disclosure intimating an analyst meet to discuss the company's operational and financial performance for Q1 FY 2026-27, Q2 FY 2026-27, and H1 FY 2026-27.
  • The analyst meet is scheduled for Friday, October 23, 2026. The specific time and time zone were not disclosed in the provided data.
  • The stated purpose of the event is the presentation of the company's operational and financial performance for the stated periods.
  • The meeting is scheduled after the earnings announcement, as the financial results for H1 FY27 are included in the attached presentation.
  • Management participants are not explicitly listed in the disclosure letter, but the presentation includes Mr. Bhavesh Vallabhdas Varmora (Managing Director), Mr. Amit Doshi (Chairman & Managing Director), and Mr. Bhavesh Koshti (Chief Financial Officer).
  • The presentation deck is attached to the disclosure and is also available on the company's website at www.varmora.com.
  • The disclosure does not include any specific compliance language stating that no unpublished price sensitive information (UPSI) will be shared.

Financial Highlights from Attached Presentation

The attached earnings presentation provides detailed financial results for H1 FY27 and Q2 FY27:

H1 FY27 Performance (Excluding divested subsidiary Simola):

  • Revenue from Operations: ₹7,142 million, up 3.3% YoY
  • Domestic Growth: >20% YoY
  • EBITDA: ₹1,013 million, up 17% YoY
  • EBITDA Margin: 14.0%
  • PAT: ₹537 million, up 5.98x YoY (498% growth)
  • PAT Margin: 7.4%
  • GVT Revenue: ₹5,507 million, up 9% YoY
  • GVT & Tech Products Revenue Contribution: 87% of Manufactured Revenue
  • EBO Revenue Contribution: 30% of domestic tile revenue

Q2 FY27 Performance:

  • Revenue from Operations: ₹3,990 million, up 9% YoY
  • EBITDA: ₹683 million, up 19% YoY
  • EBITDA Margin: 16.9%
  • PAT: ₹440 million, up 206% YoY
  • PAT Margin: 10.9%
  • GVT Revenue: ₹2,982 million, up 12% YoY
  • GVT & Tech Products Revenue Contribution: 84% of Manufactured Revenue
  • EBO Revenue Contribution: 30% of domestic tile revenue

Key Business Updates:

1. Commencement of Production at Allemby Ceramics Pvt Ltd: New state-of-the-art manufacturing facility in Tezpur, Assam, inaugurated by the Chief Minister of Assam, Shri. Himanta Biswa Sarma. This is the first major tile manufacturing unit in Northeast India.

2. Solaris Unit Upgrade: The company discontinued ceramic tile manufacturing at its Solaris unit. The facility is planned to be upgraded to manufacture Glazed Vitrified Tiles (GVT).

3. Divestment of Simola Tiles LLP: The company divested its stake in its subsidiary, Simola, aligning with its strategic focus on its core product portfolio.

Strategic Priorities Highlighted:

  • Expansion into East and Northeast India.
  • Product innovation & premiumization, including the launch of a new range in Udaipur featuring 10 new collections and over 500 new SKUs.
  • Enhancing capabilities at manufacturing facilities. The company has 8 Morbi-based facilities and highlights that ~77% of its capacity was set up in the last 10 years.
  • Enhancing consumer experience through initiatives like the Varmora Hybrid and Decode Corner.

Shareholding Pattern as of September 30, 2026:

  • Promoters: 47.0%
  • FII: 24.6%
  • DII: 5.2%
  • Others: 23.2%
  • Total Equity Shares: 226 million

Additional Notes Section

  • The disclosure includes an attachment: the H1 FY27 Earnings Presentation deck.
  • Significant financial data was disclosed within the attached presentation, including full income statements and balance sheets for the current and historical periods.