Manorama Industries

Manorama Industries reports strong Q3 performance with net profit rising to 682 million rupees from 295 million rupees in the same quarter last year, marking significant growth momentum.

Manorama Industries Limited announces Q3 & 9M FY26 earnings conference call scheduled for January 28, 2026 at 5:00 PM IST following quarterly results announcement.

Manorama Industries disclosed strong quarterly results with consolidated revenue of INR 612.9 crores for H1 FY26, representing 86.4% year-on-year growth. EBITDA stood at INR 156.6 crores with a 27.2% margin, while profit after tax reached INR 105.5 crores (17.2% margin). For Q2 FY26, revenue was INR 323.3 crores with EBITDA of INR 87.7 crores (27.1% margin) and PAT of INR 54.9 crores (17% margin). The company revised its annual guidance upward from INR 1,050 crores to INR 1,150 crores plus. Value-added products contributed 70%-75% to sales, with plant utilization at 80%-85% of 40,000 tons capacity. Export sales accounted for 58% of revenue while domestic sales were 42%. The company plans capacity expansion from 40,000 to 52,000 metric tons annually through plant upgradation in Q3. Management announced INR 450 crores in capital expenditure for expansion projects, including backward integration facilities in West Africa and forward integration in Latin America. Top customers include Mondelez, Nestle, and Hershey's, with top 10 customers contributing around 40% of revenue. Working capital days improved from 151 to 97 days, with a target of 75 days over the next two years.