Varmora Granito expects its revenue potential to reach ₹2,500 crore by FY29 as it fully utilises its recent investments, Chairman and Managing Director Bhavesh Varmora said. Speaking on the company’s market debut following its ₹708 crore IPO, Varmora said the tile and ceramic maker is focusing on premium products, higher margins and reducing debt. The company plans to use part of the IPO proceeds to completely repay its ₹240 crore net debt, turning it into a net cash company.
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