Manorama Industries Reports Robust Q4 and FY26 Performance in Specialty Fats and Butters

Manorama Industries Reports Robust Q4 and FY26 Performance in Specialty Fats and Butters​

Raipur, May 11, 2026: Manorama Industries Limited (BSE: 541974; NSE: MANORAMA), a pioneer in manufacturing Cocoa Butter Equivalent (CBE), specialty fats, and butters, announced its audited financial results for the fourth quarter and the full financial year ended March 31, 2026. The company reported significant year-over-year growth across key operational metrics.

For the financial year 2026 (FY26), Manorama Industries saw its Revenue increase by 76.1% Year-over-Year (YoY) to INR 13,577 Mn. EBITDA grew by 92.5% YoY to INR 3,677 Mn, and Profit After Tax (PAT) surged by 108.1% YoY to INR 2,332 Mn.

Standalone Financial Performance Analysis​

The detailed standalone financial data for Q4 FY26 and FY26 shows substantial growth metrics:


Key Financial Highlights:

• Revenue: Revenues during Q4 FY26 stood at INR 3,823.4 Mn, reflecting a 64.2% YoY increase. FY26 revenues reached INR 13,577.0 Mn, marking a 76.1% growth over FY25. This growth was supported by a favorable product mix of value-added products and higher utilization from the enhanced fractionation capacity. For FY26, the Domestic to Export Revenue Mix was recorded at 43:57.
• EBITDA: EBITDA for Q4 FY26 improved by 61.0% YoY, reaching INR 1,028.5 Mn. For the full year FY26, EBITDA increased by 92.5% YoY to INR 3,677.1 Mn, benefiting from cost controls and operational optimization. The EBITDA margin for FY26 stood at 27.1%, an expansion of 230 bps YoY.
• PAT: PAT for Q4 FY26 increased by 40.8% YoY, reaching INR 595.2 Mn. For FY26, PAT grew by 108.1% YoY to INR 2,332.2 Mn. The PAT margin for FY26 was 17.2%, expanded by 264 bps YoY.

Operational Outlook and Capacity Expansion​

Commenting on the performance, Mr. Ashish Saraf, Chairman and Managing Director of Manorama Industries, stated that the company delivered sustainable performance in FY26, with revenues hitting INR 1,358 Crores, representing a 76.1% year-on-year growth.

He emphasized that the strong performance underlines the sustained demand for the company’s products across the Food and Cosmetics sectors, along with the strength of its integrated value chain.

Manorama Industries executed significant capacity boosts during the period. The Solvent Fractionation Plant 2 (SF 2) was boosted by 30%, increasing capacity from 25,000 to 32,500 tonnes per annum through debottlenecking. The company also plans to implement similar capacity enhancements for Solvent Fractionation Plant 1 (SF 1), currently rated at 15,000 TPA, to meet the growing demand for Specialty fats and butters.

Looking ahead, the company announced plans for strategic capital expenditure (capex) of approximately INR 460 crores over the next 2 to 3 years. These investments are slated for forward and backward integration, the establishment of a new manufacturing facility for cocoa butter alternatives, refinery expansion, and a processing plant in Burkina Faso. These initiatives aim to diversify raw material sources, enhance global competitiveness, and support long-term sustainable growth.

In terms of financial efficiency, Manorama Industries achieved a milestone in FY26, where its annual Cash Profit (PAT + Depreciation) of ¥258.77 Crore exceeded its Gross Block (Land + Building + Plant & Machinery) of %250.85 Crore.

Financially, the company's net cash flow from operating activities stood at INR 259 Crores as of March 31, 2026, and its working capital cycle improved to approximately 125 days in FY26. Furthermore, the Board announced a final dividend of INR 0.80 paise (40% of the face value of INR 2 per equity share) for the financial year 2025-26.

About Manorama Industries Ltd.​

Established in 2005, Manorama Industries Limited (MIL) specializes in manufacturing specialty fats and butters and exotic products. The company has established itself in the production of Salt CBE & Stearin, Shea CBE & Stearin, Mango CBE & Stearin, and other exotic fats and butters. MIL provides customized solutions to the chocolate, confectionery, and cosmetic industries. The company has maintained a strong focus on Research & Development and is committed to various Environmental, Social, and Governance (ESG) sustainability practices.

MANORAMA Stock Price Movement​

On Monday, Manorama Industries Limited shares edged higher, closing at ₹1597 after gaining 1.83% on the session. The stock settled amidst strong buying interest, backed by a considerable volume of 248,873 shares.