Manorama Industries Reports Robust Q1 FY27 Performance, Surpassing INR 4,000 Million Revenue Milestone

Manorama Industries Reports Robust Q1 FY27 Performance, Surpassing INR 4,000 Million Revenue Milestone​

Manorama Industries Limited, a pioneer in manufacturing Cocoa Butter Equivalent (CBE), specialty fats, and exotic products, announced strong consolidated financial results for the first quarter of fiscal year 2027 (Q1 FY27) ended June 30, 2026. The company reported a significant surge in revenue and profitability, driven by an improved value-added product mix and enhanced operational performance.

The company recorded revenues of INR 4,040.1 million for Q1 FY27, marking a 39.5% year-over-year (YoY) growth. Earnings before interest, depreciation, and amortization (EBITDA) rose by 42.2% YoY to INR 1,062.1 million. Furthermore, profit after tax (PAT) surged by 67.6% YoY, reaching INR 786.6 million.

The results underscore the strength of the company's integrated business model and its expanded specialty fats portfolio. For Q1 FY27, Manorama reported a domestic to export revenue mix ratio of 40:60, reflecting its diversified market presence.

Consolidated Financial Highlights (Q1 FY27)​

The consolidated financial performance highlights for Q1 FY27 compared to previous periods are presented below:


The profitability metrics also showed substantial improvement. The EBITDA margin expanded by 49 basis points (bps) YoY, reaching 26.3%. Similarly, the PAT margin saw an expansion of 326 bps YoY, standing at 19.5%, underpinned by improved operating leverage. Diluted Earnings Per Share (EPS) stood at INR 13.17, up from 7.85 in Q1 FY26.

Strategic Business Updates​

The company detailed several strategic moves aimed at strengthening its global sourcing and enhancing supply chain integration. These initiatives include the incorporation of Manorama Savannah Agro Chad SARL, a wholly-owned subsidiary designed to strengthen Shea sourcing in the Republic of Chad. Additionally, Manorama acquired approximately 10 hectares (24 acres) of land in Burkina Faso for a shea seed processing facility, with regulatory approvals currently underway.

Ashish Saraf, Chairman and Managing Director of Manorama Industries, commented on the performance, noting that the robust revenue growth reflected sustained demand across key end-user industries, deeper customer engagement, and the increasing contribution of value-added specialty fats.

"We have commenced FY27 with strong momentum, delivering a robust revenue growth of 39.5% YoY in Q1 FY27 and surpassing the INR 4,000 million quarterly revenue milestone for the first time," Saraf stated. "Our performance reflects the strength of our integrated business model, deep sourcing capabilities, and our ability to consistently execute on opportunities emerging in the global specialty fats market."

Saraf further elaborated that these strategic initiatives continue to strengthen the company’s raw material ecosystem by enhancing sourcing security and traceability. He added that the successful completion of their QIP provides financial flexibility for pursuing growth across manufacturing, sourcing, and value-added product segments.

MANORAMA Stock Price Movement​

Shares of Manorama Industries Limited slipped by 0.98% on Thursday, closing at ₹1614.1 as traders digested sector movements. The stock traded a volume of 109,396 shares during the session.