Manorama industries raises fy26 revenue guidance after strong half-year

Manorama Industries Limited reported a consolidated revenue of INR 612.9 crores for H1 FY26, marking an 86.4% year-on-year growth. EBITDA reached INR 156.6 crores with a 27.2% margin, and profit after tax was INR 105.5 crores, yielding a 17.2% margin. For Q2 FY26, revenue was INR 323.3 crores, EBITDA INR 87.7 crores (27.1% margin), and profit after tax INR 54.9 crores (17% margin).

The company revised its annual revenue guidance for FY26 upwards from INR 1,050 crores to INR 1,150 crores plus. This optimism stems from a product mix focused on value-added offerings (70%-75% of sales) and optimized capacity utilization of 80%-85% on its 40,000 metric tons capacity for H1. Export contribution to the topline was 58%.

Manorama Industries is undertaking significant capacity expansion, aiming to increase fractionation capacity from 40,000 to 52,000 metric tons annually, with a plant maintenance and upgrade shutdown scheduled for Q3 FY26. Total capital expenditure is estimated at INR 450 crores for further projects, with an expected project completion within the next two years.