Mamata Machinery Reports Resilient FY26 Performance, Targets Growth in FY27

Mamata Machinery Reports Resilient FY26 Performance, Targets Growth in FY27​

Mamata Machinery Limited, a prominent machinery solution provider in the flexible packaging industry, announced its financial results for the quarter and year ended March 31, 2026.

For the fiscal year 2026, the company reported key figures across its operations. Performance highlights for FY26 included:


Fourth Quarter (Q4FY26) results showed the following figures:


Commenting on the results, Apurva Kane, Chief Executive Officer, stated that FY26 was a year of consolidation for the company. He noted that while revenue from operations declined about 8% and profitability compressed sharply, these results did not reflect the underlying health of the business.

Kane attributed the revenue decline primarily to the US business, which reportedly fell close to 50% in absolute terms during the year. The CEO detailed that the US market, the company's largest export market, faced tariff disruptions during Q2 and Q3, the period of highest order intake. The unresolved tariff situation, combined with fresh uncertainty from conflicts in West Asia, led to project delays. Furthermore, a sharp rise in polymer prices in the last quarter stretched customers' working capital cycles, delaying capital expenditure decisions.

The CEO highlighted the company's agility, noting that the organization successfully offset a substantial portion of the near 50% decline in the US market. He explained that the margin compression was influenced by a lower export mix, as exports generally command higher blended profitability margins, alongside an adverse product mix and commodity price inflation. The company also absorbed a one-time provisioning of about ₹ 3.05 crore in Employee Benefit Expenses due to recent labour code amendments, while exhibition expenses increased to ₹ 10.2 crore from ₹ 6.2 crore.

Operationally, the company reported a strong year, particularly within the packaging division, which remains its key growth driver. Key achievements included securing a significant multi-machine order for VFFS packaging machines from a leading Indian snacks and namkeen brand. Additionally, the company received its first packaging machine order from a market outside its traditional US and India markets, originating from South Africa. Mamata Machinery also expanded its international presence by making its maiden appearance at Interpack 2026 in Düsseldorf, showcasing its complete packaging technology portfolio to open the European market. On the technological front, the company launched RecTech at Plastindia 2026, an advanced, fully recyclable mono-material film designed to offer superior barrier protection compared to conventional non-recyclable composite structures.

Looking forward, the company anticipates that FY27 will mark a return to a growth trajectory with normalizing profitability. The primary focus in the US market is recouping lost ground, as the policy amendments are making the US market more favorable. This effort will run alongside pursuing growth in the domestic converting business and the core packaging segments. Mamata Machinery reiterated that its strategic direction and packaging growth story remain intact, positioning the organization confidently for the next fiscal year.

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About Mamata Machinery Limited​

Mamata Machinery Limited is a leading global provider of total flexible packaging machinery solutions. The company offers a comprehensive range of products across the value-chain, from co-extrusion to converting and advanced packaging machinery. With over 35 years of industry experience, Mamata has established itself as a trusted engineering enterprise, boasting more than 5,400 machine installations in 80 countries worldwide.

MAMATA Stock Price Movement​

Shares of Mamata Machinery Limited slipped by 2.69% on Friday, concluding the trading session at ₹408.9. The stock posted a volume of 111,911 shares, reflecting the weakness that pressured the equity throughout the day.