Food & Beverages company Manorama Industries announced Q3FY26 results Revenues during Q3FY26 stood at Rs 3,625 million, up by 73.3% YoY. EBITDA for Q3FY26 grew by 78.0% YoY, reaching Rs 982 million. EBITDA margin for Q3FY26 was at 27.1% (expanded by 72 bps YoY). PAT for Q3FY26 increased by 131.1% YoY, reaching Rs 682 million. Ashish Saraf, Chairman & Managing Director, Manorama Industries, said: “We continue to sustain our growth momentum in Q3 & 9MFY26, reporting revenues of Rs 363 crore, reflecting a robust YoY growth of 73.3%. This strong performance is attributed to, optimized utilization of newly upgraded fractionation facility, operational excellence, and coupled with robust demand in the chocolate, confectionery, and cosmetics sectors. As a result, the Company has upwardly revised its FY26 revenue guidance from Rs 1,150 crore to Rs 1,300 plus crore. To address the increasing demand for CBE and other specialty fats and butters, the Company as priorly communicated is increasing the output of its existing fractionation capacity by 30% through debottlenecking, reaching 52,000 metric tonnes per annum (MTPA) by this financial year. Additionally, the Company has acquired 19.40 acres of new land and successfully commissioned a new packing plant and laboratory building funded through internal accruals. To facilitate the next phase of growth, the company has approved its capital expenditure plan of approx. 460 crore to be invested over next 2-3 years in a phased manner. The details of expansion are listed below which includes investments in supporting infrastructure also. Manorama Industries leverages its integrated value chain to ensure margin stability and foster longterm customer loyalty. The Company’s backward and forward integration capex provides unparalleled control over quality, cost, and supply stability and further growth. This strategic approach positions Manorama as a trusted partner for its clients in the chocolate, confectionery, and cosmetics industries.” Result PDF
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
Food & Beverages company Manorama Industries announced Q1FY26 results Revenue: Revenues during Q1FY26 grew by 117% YoY to Rs 2,896 million led by improved product mix towards valued added products and higher utilisation of the new fractionation capacity. EBITDA: EBITDA during Q1FY26 surged by 195% YoY at Rs 790 million; EBITDA margin for the quarter expanded by 721 bps YoY to 27.3% demonstrating the management's strong cost control measures along with operational leverage. PAT: PAT during Q1FY26 increased by 273.5 % YoY to Rs 506 million; PAT margin expanded by 732 bps to 17.5 % in Q1FY26. Chairman and Managing Director of Manorama Industries, Ashish Saraf said "We are pleased to report a strong start to the Financial Year 2026, marked by a robust revenue growth of 117% YoY, reaching Rs 289.6 crore in Q1FY26. This performance reflects the strong global demand for our diverse portfolio of specialty butters and fats, particularly among leading chocolate, confectionery, and cosmetic companies. The enhancement of our fractionation capacity not only reinforces our market leadership but also expands our global presence, showcasing our capability to meet diverse market needs. This strategic investment is already yielding results through higher operational efficiencies and economies of scale, contributing meaningfully to our revenues and profitability. Innovation remains at the heart of our growth. Our dedicated R&D; efforts continue to deliver differentiated solutions tailored to the evolving needs of our customers. We are actively deepening our presence in new geographies, capitalizing on the rising demand for Cocoa Butter Equivalents (CBEs) and exotic specialty fats and butters. The Company is planning to undertake a regular plant maintenance and up gradation during the second half of FY26 (H2FY26). As part of this exercise, the existing Solvent Fractionation capacity is expected to be enhanced by approximately 30%, which will further strengthen our operational efficiency and output. In line with our previously communicated Capex plan, the Company has successfully acquired 20 acres of land adjacent to our Birkoni facility. This acquisition forms a part of our broader capital expenditure (Capex) strategy and aligns with our long-term growth objectives. We are also evaluating the construction of a new Seed Storage Unit (Godown) on the acquired land to support our long-term business objectives. The ongoing investments will be funded entirely through internal accruals. To support our proposed expansion initiatives as declared earlier, the Company remains committed to pursuing strategic and operational enhancements and will continue to provide timely updates on the mode of financing for our future projects as the developments occur. We remain focused on aligning our operations with cutting-edge technology and the highest standards of Environmental, Social, and Governance (ESG) responsibility. This approach ensures that we continue to deliver long-term value to our stakeholders while responsibly addressing the needs of our diverse customer base.": Result PDF
Food & Beverages company Manorama Industries announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Revenues during Q4FY25 grew by 80% YoY to Rs 2,328 million due to higher demand of the Company's product portfolio coupled with commercialization of the new fractionation capacity. EBITDA during Q4FY25 surged by 208% YoY at Rs 639 million; EBITDA margin for the quarter expanded by 1,139 bps YoY to 27.5% reflecting the management's robust cost management strategies coupled with operating leverage. PAT during Q4FY25 increased by 238% YoY to Rs 423 million; PAT margin expanded by 849 bps to 18.2% in Q4FY25. FY25 Financial Highlights: Revenues during FY25 grew by 69% YoY to Rs 7,708 million owing to sustained higher demand of the Company's overall product portfolio. EBITDA during FY25 surged by 160% YoY at Rs 1,911 million; EBITDA margin for the year expanded by 870 bps YoY to 24.8%. PAT during FY25 increased by 179% YoY to Rs 1,121 million; PAT margin expanded by 576 bps to 14.5% in FY25. Ashish Saraf, Chairman and Managing Director of Manorama Industries, said: "We are pleased to announce that the Company has achieved its highest quarterly and full year operational performance during Q4 and FY25, driven by strong market demand for our wide variety of speciality butters and fats, along with increased volumes from the commissioning of the new fractionation capacity. We have surpassed our financial guidance for FY25, registering a topline of Rs 771 crore with a robust growth 69% YoY along with improved profitability. The domestic to export mix stood at 27:73 in FY25. Additionally, the Company has announced a final dividend of Rs 0.60 paise per share (30% of face value of Rs 2 per share) for its shareholders. We specialize in developing several innovative food ingredients including cocoa butter equivalents (CBEs) for chocolate, coating, and molding applications. By leveraging our expertise, we address the increasing global demand and provide tailored solutions that foster success for our partners in the food and personal care industry. We have achieved significant advancements in extraction technology, expanded our product offerings, and created strategic global subsidiaries in Africa, UAE and Brazil to enhance our market position. We expect to gain momentum in operational efficiencies and cost rationalisation with improvement in capacity utilisation of our new fractionation capacity in FY26. We anticipate to report a revenue of Rs 1,050+ crore in the FY26.. During the financial year 2021-25 period our revenue, EBITDA and PAT has registered CAGR of 40%, 53% and 66%, respectively. We emphasize ethical practices and environmental responsibility, aligning with ESG objectives while upholding rigorous standards of traceability and sustainability. Our ongoing investment in R&D; will drive innovation and meet our customers' evolving needs, positioning us for long-term success and thus, deliver value for our esteemed stakeholders." Result PDF