Clearly, Pokarna is a company whose Quartz business has an economic moat around it, first in the form of being the sole user of Breton technology in the country and secondly by having an exclusive supplying contract with Ikea. The only hitch in this might be the risk of any other player in India also tying up with Breton.
Additionally, the company's growth is reflected in the increasing Quartz slab imports by U.S. from India, a large part of which is supplied by Pokarna (my guesstimate). India also remains an unexplored market for premium Quartz. If quartz penetration goes up and a brand can be established, the company can trade at valuations of the likes of Cera and Kajaria, but let's not bank on this for now. The question in my mind now is, how big is the risk of Breton partnering with any other company in India?