Manorama Industries Q2 FY26 Earnings Results

Manorama Industries is engaged in manufacturing specialty fats and butter made from exotic seeds and nuts. Presenting below are its Q2 FY26 earnings results.

 

Q2 FY26 Earnings Results

• Revenue from Operations: ₹323.31 crore, up 65% YoY from ₹195.42 crore, and up 11.6% QoQ from ₹289.55 crore in Q1 FY26.​

• EBITDA: ₹87.7 crore, up 94% YoY from ₹45.2 crore; EBITDA margin: 27.12%, improved by nearly 400 basis points YoY due to cost control and improved operating leverage.​

• Profit Before Tax (PBT): ₹73.20 crore, up 113% YoY from ₹34.3 crore.​

• Net Profit (PAT): ₹54.88 crore, up 105.5% YoY from ₹26.7 crore, and higher by 13.4% QoQ versus ₹46.9 crore in Q1 FY26.​

• PAT Margin: 17.0%, expanded by 331 basis points YoY.​

• Basic EPS: ₹9.18, up from ₹4.48 in Q2 FY25.​

• H1 FY26 Performance:

  • Total Revenue: ₹612.86 crore, up 86.4% YoY.

  • Net Profit: ₹105.46 crore, up 162% YoY.​

  • H1 EBITDA: ₹166.6 crore, up 131.5% YoY.​

 

Operational & Strategic Highlights

• Growth Drivers:

  • Enhanced demand for value-added seed-based specialty fats and butters (Shea, Sal, Mango, Kokum).

  • Improved utilization of upgraded fractionation and refining capacities.

  • Better product mix and pricing in food, confectionery, and cosmetics verticals.​

• Capacity Utilization: Upgraded fractionation units operating near peak levels, with strong export demand supporting scale-up in Africa and Latin America.​

• Sustainability Focus: Continued progress on sustainable sourcing from forest communities and traceability certifications for international clients.​

• Expansion Plans: Capacity enhancement from 40,000 MT to 52,000 MT annually by FY27, backed by ₹450-crore capex plan.​

• Global Operations: Pursuing strategic tie-ups with partners in West Africa and Latin America for supply chain network strengthening.​

 

Management Commentary

Ashish Saraf, Chairman & Managing Director, stated:
“Our Q2 FY26 performance reflects the traction from higher-value products, strong operational leverage, and efficient capacity utilization. The success of our upgraded facilities is visible in our record profitability and improved margins. We continue to prioritize innovation and sustainability as pillars of long-term growth.”.​

 

 

Q1 FY26 Earnings Results

• Revenue: ₹289.55 crore

• Net Profit: ₹46.94 crore

• PBT: ₹65.49 crore

• EBITDA: ₹75.9 crore (margin 26.2%)

• EPS: ₹7.98.

 

To view the company’s previous earnings and latest concall transcripts, click here  to visit the Alphastreet India news channel.