Manorama Industries reported strong financial results for Q3 and 9MFY26, with revenue increasing by 73.3% YoY to INR 3,625 Mn. EBITDA grew by 78.0% YoY to INR 982 Mn, and PAT surged by 131.1% YoY to INR 682 Mn. The company attributes this performance to optimized utilization of upgraded facilities and strong demand across key sectors.
Financial Highlights for Q3 & 9MFY26
Manorama Industries announced a robust financial performance for the third quarter and nine months ended December 31, 2025. Key highlights include:
- Revenue: For Q3 FY26, revenue reached INR 3,625 Mn, a 73.3% increase YoY. For 9MFY26, revenue stood at INR 9,754 Mn, up by 81.3% YoY. This growth is supported by a stronger product mix and higher utilization of fractionation capacity. The Domestic to Export Revenue Mix for 9MFY26 stood at 44:56.
- EBITDA: Q3 FY26 EBITDA grew by 78.0% YoY, reaching INR 982 Mn. 9MFY26 EBITDA surged by 108.3% YoY to INR 2,647 Mn, driven by cost control and operational leverage. EBITDA margin for Q3 FY26 was at 27.1% and for 9MFY26 was at 27.2%.
- PAT: Q3 FY26 PAT increased by 131.1% YoY, reaching INR 682 Mn. 9MFY26 PAT grew by 148.9% YoY to INR 1,737 Mn. PAT margin for Q3 FY26 stood at 18.8% and for 9MFY26 stood at 17.8%.
Expansion and Future Outlook
To meet increasing demand, Manorama Industries is expanding its existing fractionation capacity by 30%, reaching 52,000 MTPA. The company has also acquired 19.40 acres of new land and commissioned a new packing plant and laboratory building. A capital expenditure plan of approximately INR 460 crores has been approved for investment over the next 2-3 years.
Expansion Plans
The expansion plans include:
- Forward integration through a manufacturing facility for Cocoa Butter Alternative (CBA) with a capacity of 75,000 MTPA.
- Setting up a new Solvent Fractionation manufacturing facility for Sal, Shea, Palm, Mango, and other exotic seeds and ESOS with a capacity of 75,000 MTPA.
- Setting up a new Refinery manufacturing facility with a capacity of 90,000 MTPA.
- Backward integration through a processing factory in Burkina Faso with a capacity of 90,000 MTPA.
Source: BSE
