Mayur Uniquoters , a leading synthetic leather manufacturer, has reported a strong financial performance for the second quarter. The company's results showcase significant growth in key financial metrics, indicating improved operational efficiency and market position.

Financial Highlights

Mayur Uniquoters has demonstrated robust growth across all key financial parameters in the second quarter of FY2025-26:

• Net Profit: The company's net profit increased by 16.2% year-over-year, reaching ₹481.00 million compared to ₹414.00 million in the same quarter last year.
• Revenue: Total revenue grew by 10.2% to ₹2.38 billion, up from ₹2.16 billion in Q2 FY2024-25.
• EBITDA: Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) saw a significant jump of 23.3%, rising to ₹591.40 million from ₹479.50 million in the corresponding quarter of the previous year.
• EBITDA Margin: The EBITDA margin expanded by 271 basis points to 24.87%, compared to 22.16% in Q2 FY2024-25, reflecting enhanced operational efficiency.

Operational Performance

The substantial improvement in EBITDA and EBITDA margin suggests that Mayur Uniquoters has successfully optimized its operational costs while driving revenue growth. This could be attributed to factors such as improved production efficiency, better raw material cost management, or a favorable product mix.

Market Implications

The strong financial results are likely to be viewed positively by investors and market analysts. The company's ability to grow its revenue and significantly improve profitability demonstrates its resilience and strong market position in the synthetic leather industry.

Looking Ahead

While the company has not provided specific forward-looking statements, the robust Q2 performance sets a positive tone for the remainder of the fiscal year. Investors and stakeholders will be keen to see if Mayur Uniquoters can maintain this growth momentum in the coming quarters.

As always, it is important for investors to conduct their own research and consider market conditions and risk factors before making investment decisions based on these results.

Mayur Uniquoters , a leading synthetic leather manufacturer, has reported mixed results for the first quarter, with a focus on high-value exports and strategic market expansion.

Financial Performance

The company's consolidated revenue grew marginally by 1% to Rs. 215.88 crores, while consolidated profit after tax (PAT) increased by 2% to Rs. 40.73 crores. On a standalone basis, the performance was more robust:

• Revenue rose 6% to Rs. 206.41 crores
• PAT jumped 19% to Rs. 41.23 crores

Export Performance

Exports continue to be a significant driver for Mayur Uniquoters, contributing 40% of total revenue at Rs. 80.05 crores. The company has received strong export orders, particularly from the United States and OEM supplies.

Segment-wise Performance

Strategic Focus

Chairman and Managing Director Suresh Kumar Poddar emphasized the company's strategy to focus on high-quality, high-price products and target multinational brands to improve profitability. The company is actively expanding its presence in various segments:

1. Footwear and Accessories: Engaging with global brands like Aditya Birla and Adidas for high-margin products.
2. Automotive Sector: Supplying to Mercedes-Benz and BMW in South Africa, with each OEM receiving approximately 35,000 meters per month.
3. Retail Expansion: Increasing the distribution network to around 1,000 dealers.
4. New Markets: Entering garment and leather goods segments with multinational brands.

Future Outlook

Despite global uncertainties, Mayur Uniquoters maintains its guidance:

• Revenue growth: 12-15%
• Profit growth: 15-20%

The company has postponed its Mexico plant expansion due to current uncertainties but remains committed to global expansion in the long term.

Tariff Impact

Regarding the recent tariff changes, particularly in the US market:

• Up to 25% tariff: The company does not foresee significant impact on its competitiveness.
• 50% tariff (if implemented): Could pose challenges, but the situation is still evolving.

Mayur Uniquoters is actively diversifying its export markets, including increased focus on Europe and the Middle East, to mitigate potential risks.

Mr. Poddar stated, "We are not leaving any stone unturned. But everything takes its time. We are sincerely working for the improvement of our company because it is a public limited company. We have to work for our shareholders."

As Mayur Uniquoters navigates through global market dynamics, its strategy of focusing on high-value products and diversifying across segments and geographies positions it to capitalize on emerging opportunities in the synthetic leather industry.