Mukka Proteins Reports Strong Q1 FY27 Performance with Revenue Growing 186% YoY
Mukka Proteins Limited (MPL), a leading manufacturer and exporter of fishmeal, fish oil, and fish-soluble paste engaged in waste-to-value solutions, announced its consolidated financial results for the quarter ended June 30, 2026. The company reported robust growth across all metrics during Q1 FY27, driven by strong domestic and export demand and favorable market conditions.The company's performance metrics are detailed below, showing both consolidated and standalone results against previous quarters.
Consolidated Financial Performance (Q1 FY27)
| Metric | Q1 FY27 vs Q4 FY26 | Q1 FY27 vs Q1 FY26 |
|---|---|---|
| Revenue | ₹ 4,896.54 Mn against ₹ 3,806.01 Mn | ₹ 4,896.54 Mn against ₹ 1,707.74 Mn |
| Gross Profit | ₹ 1,078.00 Mn against ₹ 802.26 Mn | ₹ 1,078.00 Mn against ₹ 414.49 Mn |
| Gross Profit Margin | 22.02% against 21.08% | 22.02% against 24.27% |
| EBITDA | ₹ 486.23 Mn against ₹ 491.82 Mn | ₹ 486.23 Mn against ₹ 166.62 Mn |
| EBITDA Margin | 9.93% against 12.92% | 9.93% against 9.76% |
| PAT | ₹ 186.34 Mn against ₹ 213.59 Mn | ₹ 186.34 Mn against ₹ 15.89 Mn |
| PAT Margin | 3.81% against 5.61% | 3.81% against 0.93% |
Standalone Financial Performance (Q1 FY27)
| Metric | Q1 FY27 vs Q4 FY26 | Q1 FY27 vs Q1 FY26 |
|---|---|---|
| Revenue | ₹ 4,058.56 Mn against ₹ 3,128.77 Mn | ₹ 4,058.56 Mn against ₹ 1,357.92 Mn |
| Gross Profit | ₹ 814.85 Mn against ₹ 642.02 Mn | ₹ 814.85 Mn against ₹ 329.77 Mn |
| Gross Profit Margin | 20.08% against 20.52% | 20.08% against 24.28% |
| EBITDA | ₹ 441.36 Mn against ₹ 429.11 Mn | ₹ 441.36 Mn against ₹ 135.03 Mn |
| EBITDA Margin | 10.87% against 13.71% | 10.87% against 9.94% |
| PAT | ₹ 194.07 Mn against ₹ 189.09 Mn | ₹ 194.07 Mn against ₹ 11.35 Mn |
| PAT Margin | 4.78% against 6.04% | 4.78% against 0.84% |
Key Highlights and Strategic Moves
During the quarter, Mukka Proteins Limited undertook several strategic initiatives to strengthen its operational footprint and expand into sustainable waste management solutions.The company approved an investment of ₹6.49 Mn for a 25.98% stake in Swachha Eco Solutions Pvt. Ltd. (SESPL), making SESPL an associate company. Furthermore, the company acquired a 51% stake in Delta Marine Products for ₹111 Mn to enhance its fish meal and fish oil manufacturing capabilities.
In a significant operational win, the company successfully resolved a long-standing customs litigation matter, with the Hon'ble CESTAT setting aside the entire demand of approximately ₹152.4 Mn, along with associated interest and penalties.
Management Commentary
Mr. Kalandan Mohammed Haris, CEO and MD of Mukka Proteins Limited, stated that Q1 FY27 represents a significant milestone in the company’s growth trajectory. He noted that consolidated revenue reached ₹4896.5 Mn, reflecting a robust 186.7% year-on-year increase. EBITDA grew by 191.8% to ₹486.2 Mn, attributed to operating leverage and disciplined cost management.Mr. Haris added that the global fish meal industry benefited from favorable market dynamics, supported by healthy demand from aquaculture and animal nutrition sectors alongside supply side constraints in key producing regions.
The CEO highlighted the strategic acquisitions as integral to the long-term growth strategy, stating that the investments in Delta Marine Products and Swachha Eco Solutions are aligned with the vision of enhancing capacity and diversifying revenue streams toward a more integrated business model.
About Mukka Proteins Limited (MPL)
Mukka Proteins Limited is one of India's prominent manufacturers and exporters of fishmeal, fish oil, and fish-soluble paste, operating as a sustainability focused company engaged in waste-to-value solutions. With an installed capacity of 291,720 MT per year across its product lines, MPL serves global aquaculture and animal nutrition markets through a strong export presence across over 25 countries. The company holds a 25 to 30 percent share of India's fishmeal and fish oil market.MUKKA Stock Price Movement
Today, Mukka Proteins Limited shares edged higher to settle at ₹26.14 after closing today, fueled by a gain of 8.11%. The stock achieved this movement on a considerable volume of approximately 4.73 million shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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