Mayur Uniquoters Q1 Results: Net profit rises 43% YoY to ₹58.95 crore
Mayur Uniquoters Limited posted a 43% YoY rise in standalone net profit to ₹58.95 crore for Q1FY27, aided by a 19.7% jump in revenue to ₹247.02 crore. Consolidated profits grew 37.8% to ₹56.11 crore. The Board also initiated boardroom changes, appointing Vinod Kumar Haritwal as an Independent Director and recommending Arun Bagaria's reappointment as Executive Director.

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Mayur Uniquoters Limited reported a significant rise in profitability for the first quarter of FY27, with standalone net profit jumping 43% year-on-year to ₹58.95 crore. The artificial leather manufacturer saw revenue from operations grow by 19.7% to ₹247.02 crore, driven by strong demand in its PU/PVC synthetic leather segment. Consolidated net profit also expanded by 37.8% to ₹56.11 crore, reflecting robust operational performance across its global subsidiaries.
The Board of Directors, meeting on August 5, 2026, at its registered office in Jaipur, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The results were reviewed by M/s Walker Chandiok & Co. LLP, the statutory auditors of the company. The Board also noted the limited review report issued by the auditors under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
Standalone revenue from operations increased to ₹24,702.88 lakh in Q1FY27, compared to ₹20,641.18 lakh in the same period last year. Other income surged significantly to ₹2,267.95 lakh from ₹1,940.47 lakh, contributing to a total income rise of 19.4% to ₹26,970.83 lakh. Total expenses grew by 12.6% to ₹19,191.70 lakh, primarily due to higher cost of materials consumed, which rose to ₹13,624.06 lakh from ₹12,130.62 lakh.
| Metric | Q1FY27 (₹ in lakhs) | Q1FY26 (₹ in lakhs) | Change (%) |
|---|---|---|---|
| Revenue from Operations | 24,702.88 | 20,641.18 | 19.7% |
| Total Income | 26,970.83 | 22,581.65 | 19.4% |
| Total Expenses | 19,191.70 | 17,049.98 | 12.6% |
| Net Profit | 5,895.17 | 4,122.70 | 43.0% |
| Basic EPS (₹) | 13.57 | 9.49 | 43.0% |
On a consolidated basis, revenue from operations reached ₹26,923.36 lakh, up from ₹21,587.65 lakh in Q1FY26. Consolidated net profit stood at ₹5,611.93 lakh, compared to ₹4,072.91 lakh in the previous year. The group’s basic earnings per share (EPS) rose to ₹12.92 from ₹9.37.
Board Appointments and AGM Details
The Board recommended the reappointment of Arun Bagaria as Whole Time Director designated as Executive Director for a five-year term starting August 1, 2027, subject to shareholder approval. Additionally, Vinod Kumar Haritwal was appointed as an Additional Director under the category of Non-Executive Independent Director effective August 6, 2026, for a five-year term. The tenure of Independent Director Ratan Kumar Roongta will conclude on September 27, 2026.
The company scheduled its 33rd Annual General Meeting for September 18, 2026, to be held via Video Conferencing/Other Audio Visual Means. The record date for determining dividend entitlement for FY26 has been fixed as August 21, 2026. Trading in the company’s shares will resume after 48 hours of the financial results declaration, as per insider trading regulations.
Historical Stock Returns for Mayur Uniquoters
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.71% | -2.16% | -12.91% | +30.43% | +46.65% | +43.65% |
How will the rising cost of raw materials impact Mayur Uniquoters' gross margins in Q2FY27 and beyond?
What specific strategies is the company employing to sustain the strong demand growth in its PU/PVC synthetic leather segment?
How might the reappointment of Arun Bagaria and the appointment of Vinod Kumar Haritwal influence the company's strategic direction for FY27?


































