News Earnings Manorama Industries Reports Strong Q3 FY26 Results, Revises Revenue Guidance to INR 1,300 CroresManorama Industries Reports Strong Q3 FY26 Results, Revises Revenue Guidance to INR 1,300 Crores
Manorama Industries delivered exceptional Q3 and 9M FY26 results, with quarterly revenue of INR 363 crores showing 73.3% YoY growth and nine-month revenue of INR 975 crores with 81.3% growth. The company revised its FY26 revenue guidance upward to INR 1,300 crores and announced a comprehensive INR 460 crores capital expenditure plan over 2-3 years for forward and backward integration projects.
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Manorama Industries has delivered exceptional financial performance in Q3 FY26, demonstrating robust growth across key metrics. The company held its earnings conference call on January 28, 2026, where management shared comprehensive results and outlined ambitious expansion plans.
Q3 FY26 Financial Performance
The company's third quarter results showcase remarkable operational efficiency and strong business momentum. Revenue growth has been particularly impressive, driven by enhanced product mix and optimized capacity utilization.
| Financial Metric: | Q3 FY26 | Performance |
|---|---|---|
| Revenue: | INR 363 crores | 73.3% YoY growth |
| EBITDA: | INR 98 crores | 27.1% margin |
| Net Profit: | INR 68 crores | 18.8% margin |
Nine-Month FY26 Results
The nine-month performance demonstrates sustained growth trajectory with significant improvements across all financial parameters. The company has maintained strong margins while scaling operations effectively.
| Parameter: | 9M FY26 | Growth |
|---|---|---|
| Revenue: | INR 975 crores | 81.3% YoY |
| EBITDA: | INR 265 crores | 27.2% margin |
| Profit After Tax: | INR 174 crores | 17.8% margin |
| Value-Added Products: | 75% of sales | Enhanced mix |
Revised Revenue Guidance and Expansion Plans
Based on strong performance and positive market outlook, management has upwardly revised the FY26 revenue guidance from INR 1,150 crores to INR 1,300 crores. The company announced a comprehensive INR 460 crores capital expenditure plan over the next 2-3 years, focusing on both forward and backward integration.
| Project Details: | Capacity | Investment Focus |
|---|---|---|
| Cocoa Butter Alternatives: | 75,000 MTPA | Forward integration |
| New Fractionation Facility: | 75,000 MTPA | Shea, palm, mango processing |
| Refinery Expansion: | 90,000 MTPA | Enhanced processing |
| Burkina Faso Plant: | 90,000 MTPA | Backward integration |
Operational Highlights
The company is implementing a 30% capacity increase through debottlenecking existing plants, expanding total fractionation capacity to 52,000 metric tons per annum by FY26. Current capacity utilization stands at 85% with working capital cycle improved to 120 days. Management expects asset turnover of more than 5x for new projects, with funding primarily through internal accruals.
The strategic investments position Manorama Industries to capitalize on the structurally undersupplied specialty fats and butters market, with enhanced capabilities in chocolate, confectionery, and cosmetic sectors globally.
Historical Stock Returns for Manorama Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.79% | -1.11% | +15.27% | +0.50% | +33.86% | +590.06% |
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