Varmora Granito IPO: Management On ₹245 Crore Debt Reduction & Growth Plans

Varmora Granito management discusses the company’s growth strategy as its ₹708 crore IPO opens for subscription. CMD Bhavesh Varmora and CFO Bhavesh Koshti share their outlook on the company’s expansion plans, debt reduction strategy and evolving product mix. The company plans to use ₹245 crore from the fresh issue proceeds towards repayment of borrowings and accrued interest. Management also discusses its manufacturing footprint in Morbi, where Varmora has eight facilities, along with the growing contribution of premium tiles to its business. With a wide distribution network across India and a focus on premium ceramic and vitrified tiles, the management outlines its plans for future growth. Watch the full conversation with Bhavesh Varmora and Bhavesh Koshti for insights into Varmora Granito’s IPO, expansion and business strategy.