Food & Beverages company Manorama Industries announced Q2FY26 results Revenues during Q2FY26 stood at Rs 3,233 million, up by 65.4% YoY & for H1FY26 stood at Rs 6,129 million, up by 86.4% YoY. This growth is supported by a stronger product mix of value-added offerings and increased utilization of the upgraded fractionation capacity. EBITDA for Q2FY26 grew by 93.9% YoY, reaching Rs 877 million, while for H1FY26 grew by 131.5% YoY to Rs 1,666 million driven by effective cost control measures and enhanced operational leverage. EBITDA margin for Q2FY26 was at 27.1% (expanded by 398 bps YoY) & for H1FY26 was at 27.2% (expanded by 530 bps YoY) PAT for Q2FY26 increased by 105.5% YoY, reaching Rs 549 million, while for H1FY26 increased by 162.0% YoY to Rs 1,055 million. PAT margin for Q2FY26 stood at 17.0% (expanded by 331 bps YoY) & for H1FY26 stood at 17.2% (expanded by 497 bps YoY). Ashish Saraf, Chairman and Managing Director, Manorama Industries, said: "Manorama Industries Limited delivered another strong performance in H1FY26, reaffirming its position as a global leader in specialty fats and butters. The growth was fueled by a superior mix of value-added products, optimized use of the newly upgraded fractionation facilities, and consistent demand from prominent international clients in the chocolate, confectionery, and cosmetics sectors. Our focus on value-added products and operational excellence continued to strengthen margins and reinforce the growth trajectory, prompting an upward revision of our annual revenue outlook from Rs 1,050 crore to Rs 1,150 crore plus. The period also marked significant strategic progress, with capacity upgrades, global partnerships, and expansion initiatives setting the stage for the next phase of growth. The Company's 'waste-to-wealth' sourcing model continues to empower rural and tribal communities, while its innovation-led manufacturing ensures consistency, quality, and traceability. A scheduled plant modification and maintenance shutdown in Q3FY26 will enhance plant efficiency as well as lead to expansion in the fractionation capacity from 40,000 to 52,000 MTPA approx without affecting overall growth plans. Additionally, the land acquisition near the existing facility and new ventures in Africa and Latin America will deepen the Company's global presence. During H1FY26, the Company achieved a notable reduction in working capital days and debt levels, driven by efficient inventory management, disciplined financial controls, and strong operating cash flows. These initiatives not only strengthened the balance sheet but also enhanced overall capital efficiency, resulting in a healthy improvement in return ratios, with ROCE and ROE rising to 49.9% and 36.9%, respectively. Backed by a robust balance sheet and disciplined financial management, we remain committed to operational excellence, community empowerment, and sustainable value creation for all stakeholders." Result PDF