Manorama Industries is engaged in manufacturing specialty fats and butter made from exotic seeds and nuts.
Q3 FY26 Earnings Results
- Revenue from Operations: Standalone ₹362.54 cr, +73.3% YoY vs ₹209.2 cr, +12.1% QoQ vs ₹323.3 cr; consolidated same; record quarterly sales driven by higher demand from chocolate/confectionery majors, optimized fractionation, value added products 75% mix, exports 58%.
- EBITDA: ₹98 cr (PBDIT excl OI), + margin 28.7% (+287 bps YoY, +161 bps QoQ); leverage from 85% utilization, premiumization.
- PAT: Standalone ₹68.28 cr (+131% YoY vs ₹29.5 cr), consolidated ₹72.27 cr (+145% YoY); EPS ₹11.43 basic (+131% YoY); 9M PAT ₹173.7 cr standalone (+149% YoY), ₹172.46 cr consolidated.
- Other key metrics: 9M revenue ₹975 cr (+81% YoY); ROCE/ROE strong; FY26 guidance raised to >₹1,300 cr from ₹1,150 cr.
Management Commentary & Strategic Decisions
- Exceptional execution with record sales, margin expansion via capacity absorption, product premiumization; sustained momentum 5 quarters.
- Strategic moves: ₹460 cr capex approved for expansion/new projects; director re-appointment; focus on CBE/stearin acceptance globally.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹323.31 cr, +65% YoY vs ₹195.42 cr, +11.6% QoQ vs ₹289.55 cr; H1 ₹612.86 cr (+86% YoY).
- EBITDA: ₹87.7 cr (+94% YoY), margin 27.1% (+400 bps YoY); PBT ₹73.2 cr (+113% YoY).
- PAT: ₹54.88 cr (+105.5% YoY vs ₹26.7 cr), +13.4% QoQ; EPS ₹9.18 (+105% YoY); H1 PAT ₹105.46 cr (+162% YoY).
- Other key metrics: Value-added 75% sales; exports strong; EBITDA H1 ₹166.6 cr (+132% YoY).
Management Commentary Q2
- Uptick in global orders, full fractionation absorption, premiumization pace; profitability meets FY guidance early.
- Strategic moves: Capacity ramp, value-add focus; ROCE 37%, ROE 50%; H1 outperforms.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.