Manorama Industries (541974) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 revenue surged 117% year-over-year to INR 2,896 million, driven by strong demand for specialty butters and fats in chocolate, confectionery, and cosmetics sectors.

• Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025.

• Enhanced fractionation capacity improved operational efficiency and global reach, supporting both revenue and profitability growth.

• Strategic capex includes acquisition of 20 acres for future expansion, with all investments funded through internal accruals.

• Commitment to ESG standards and sustainable business practices remains central to operations.

Financial highlights

• Standalone revenue for Q1 FY26 was INR 2,895.5 million, up 117% YoY; gross profit rose 145% YoY to INR 1,369.8 million.

• Standalone net profit for Q1 FY26 was INR 505.8 million, up 273.5% YoY.

• Consolidated revenue from operations for Q1 FY26: INR 2,895.5 million; consolidated net profit: INR 469.4 million.

• EBITDA increased 195% YoY to INR 789.7 million, with margin expanding 721 bps to 27.3%.

• Diluted EPS for Q1 FY26 was INR 8.46, up 272.7% YoY.

Outlook and guidance

• Plant maintenance and upgrades in H2 FY26 will expand solvent fractionation capacity by 30%.

• Ongoing capex and operational improvements are expected to further enhance efficiency and output.

• Strategic focus on market diversification, innovative product launches, and operational efficiencies.

• Company continues to focus on manufacturing of exotic seed-based fats and butters, including Cocoa Butter Equivalent (CBE), with business activities primarily in India and exports.

• Recent incorporation and consolidation of eight new overseas subsidiaries to support international expansion.