Mamata Machinery Limited reported an 8% decline in revenue from operations to ₹233.1 crore for FY26, compared to ₹254.6 crore in the previous year. Profit after tax for the year stood at ₹15.1 crore, down from ₹40.8 crore in FY25. The company attributed the performance to a sharp one-time disruption in its U.S. business, which declined by nearly 50% in absolute terms, alongside adverse product mix and one-time costs.

The company filed the transcript of its earnings conference call held on June 01, 2026, with BSE Limited and the National Stock Exchange of India Limited. Management stated that no unpublished price sensitive information was shared during the call. The disclosure follows an earlier intimation regarding the scheduling of the conference call.

Financial Performance and Margins

EBITDA for FY26 was ₹19.1 crore at a margin of 8.2%, significantly lower than the ₹54.64 crore recorded at a 21.4% margin in FY25. The compression in profitability was driven by a 6.2% impact from gross margin compression, which fell from 60.8% to 54.6% due to a lower share of higher-margin exports and adverse product mix. Additionally, the company booked a one-time provisioning impact of approximately ₹3.05 crore in employee benefit expenses due to new labor and wage code amendments.

Exhibition expenses rose to ₹10.2 crore from ₹6.2 crore in the previous year, impacting EBITDA margin by 2.1%. Negative operating leverage also played a role as the top line declined while the cost base remained constant. Management expects profitability to normalize to historical averages of around 20% as the top line recovers and these one-off costs subside.

Operational Updates and Order Book

Despite the financial headwinds, the company secured a significant multi-machine order for VFFS packaging machines from a leading Indian snacks brand, with 18 machines scheduled for delivery in H1FY27. Mamata Machinery also received its first packaging machine order from South Africa, marking an entry into a new region. The company launched RecTech, a recyclable packaging technology, and was granted a patent in the European Union for its cross-sealing device.

The order book at the end of FY26 stood at ₹89.59 crore, an increase of 34% compared to ₹66.64 crore in FY25. This provides healthy visibility across all segments. The order book split is 62% exports and 38% domestic. Management remains debt-free with cash on hand of ₹69.26 crore.

Outlook

For FY27, the company expects a return to its growth track with profitability normalizing. The priority is to recoup ground lost in the U.S. market due to tariff policies. The firm is pursuing double-digit growth in domestic converting and a 30-40% growth objective in packaging businesses. It is also targeting close to US$1 million in initial business from South East Asia and has established channel partners in CIS markets and Australia to reduce dependence on the U.S.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0TO701015/f00145d533b84e4a.pdf

Mamata Machinery has been granted a patent in the European Union for its invention titled "Multi-Purpose Sealing Module" for plastic film-based bags and pouches making machines. The patent, numbered EP 4467325 B1, strengthens the company's position as a technology-driven player in the global flexible packaging machinery market. The grant was published on May 13, 2026, under European Patent No. 4467325.

The disclosure was made to the stock exchanges on June 02, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company stated that this technology is already patented in India, and an application for the same has been filed in the United States.

Strategic Expansion

With the EU patent now secured, Mamata Machinery will be able to offer this sealing solution to customers across the European market. The company is a leading global provider of total flexible packaging machinery solutions, offering products across the value-chain from co-extrusion to converting and advanced packaging machinery.

Company Profile

Mamata Machinery Limited has over 35 years of industry experience and has established itself as a trusted engineering enterprise. The company boasts more than 5,400 machine installations in 80 countries worldwide. It is recognized for consistent innovation and numerous industry-first product introductions.