Mayur Uniquoters has outlined its comprehensive growth strategy, targeting 15% revenue growth over the next two years while expecting continued export expansion to significantly outpace domestic market growth over the next 2-3 years.

Growth Strategy and Revenue Targets

The company has established ambitious growth projections across different market segments. While domestic growth is expected to range between 8% to 10%, the export business is anticipated to deliver substantially higher growth rates, contributing to the overall revenue expansion strategy.

Export-Led Growth Strategy

Mayur Uniquoters expects continued robust export growth over the next 2-3 years, positioning international markets as the primary growth driver. This export-focused approach is designed to outpace the more modest domestic growth projections of 8% to 10%, creating a diversified revenue stream with enhanced margin potential.

Margin Outlook and Business Mix Enhancement

The company anticipates that EBITDA margins will either hold steady or experience slight improvement during this growth phase. The expected margin stability or enhancement is attributed to the strategic shift toward higher-margin export business operations, which typically offer better profitability compared to domestic segments.

The dual approach of targeting overall revenue growth while emphasizing export expansion demonstrates the company's commitment to sustainable growth through strategic market positioning and business mix optimization.

Mayur Uniquoters Limited has delivered impressive financial performance for the quarter and nine months ended December 31, 2025, demonstrating strong growth across key operational metrics. The artificial leather manufacturer's Board of Directors approved the unaudited standalone and consolidated financial results during their meeting held on January 30, 2026.

Strong Quarterly Performance

The company's Q3FY26 standalone results showcase remarkable growth momentum. Net profit surged 77.4% to ₹529.35 crores compared to ₹298.42 crores in Q3FY25, while revenue from operations increased 21.6% to ₹2,369.88 crores from ₹1,949.26 crores in the corresponding quarter last year.

The company's earnings per share (EPS) also witnessed substantial improvement, rising to ₹12.18 from ₹6.88 in Q3FY25. EBITDA performance showed strong operational efficiency with margins expanding to 24.56% from 23.35% year-on-year, reflecting improved profitability metrics. Total income, including other income, reached ₹2,562.66 crores compared to ₹1,980.11 crores in the previous year quarter.

Nine-Month Performance Highlights

For the nine-month period ended December 31, 2025, Mayur Uniquoters maintained its growth trajectory with consistent performance improvements. Revenue from operations grew 12.4% to ₹6,811.62 crores from ₹6,060.26 crores in the corresponding period of the previous year.

The nine-month net profit increased 34.2% to ₹1,422.63 crores compared to ₹1,059.94 crores in the previous year, while basic EPS improved to ₹32.74 from ₹24.23.

Consolidated Results Performance

The consolidated financial results, which include the company's wholly owned subsidiaries, also demonstrated strong performance. For Q3FY26, consolidated net profit reached ₹507.33 crores compared to ₹305.68 crores in Q3FY25, while consolidated revenue from operations grew to ₹2,374.84 crores from ₹2,083.88 crores.

For the nine-month period, consolidated net profit increased to ₹1,323.05 crores from ₹1,077.87 crores, with consolidated revenue rising to ₹6,936.71 crores from ₹6,295.80 crores in the corresponding previous period.

Earnings Call Recording Available

Following the strong financial performance, Mayur Uniquoters has made available the audio recording of its earnings conference call held on February 2, 2026. The company informed stock exchanges through a regulatory filing that stakeholders can access the recording of the Q3FY26 results discussion.

The communication was addressed to both BSE Limited and National Stock Exchange of India, ensuring compliance with listing obligations and disclosure requirements under SEBI regulations.

Management Appointment

The Board approved the appointment of Mr. Samdar Singh as Senior General Manager-HR and Administration, designated as Senior Management Personnel effective January 30, 2026. Mr. Singh brings over 23 years of experience in strategic HR initiatives and holds a Diploma in Personnel Management & Industrial Relations.

Operational Context

Mayur Uniquoters operates in a single reportable segment of "PU/PVC synthetic leather" and continues to focus on manufacturing artificial leather and PVC vinyl products. The company maintains its registered office and manufacturing facility at Village Jaitpura, Jaipur-Sikar Road, Rajasthan, with a paid-up equity share capital of ₹217.26 crores comprising shares with a face value of ₹5 each.