Manoj Ceramic Ltd Q2 FY26 Results

H1 FY26 reflects our steady and design-led growth trajectory. Our exports business continues to scale through sovereign engagements across Burundi, Angola, Sudan and Senegal, supported by the launch of our Dubai Display Centre, which enhances reach across GCC and African markets. Together with our U.K. and exports are expected to increase from 1% to 20% over the next three years, becoming a major margin contributor. Domestically, our six premium showrooms, the Jaquar Partnership Centre and new product ranges - Glue-Finish Tiles, Wooden Planks, Exotic Stones and Next-Gen Quartz, continue to elevate sales mix and position MCPL as a premium, design-first brand. Our integrated OEM approach enables us to operate in a ‘natural manufacturing-like’ model with better control over quality, innovation and speed. Operational improvements including the commissioning of our Pune warehouse, Bhiwandi expansion and the upcoming Nagpur hub, have strengthened delivery efficiency. Additionally, the recently secured Trade Credit Insurance enhances receivable protection and supports disciplined dealer expansion. Our digital initiatives, including the Al-powered MCPL Studio, CRM-driven logistics framework and the new Digital Transformation Division, are accelerating conversion rates and enhancing customer experience across retail and B2B channels. We are also pleased that our financial strength and governance have been reaffirmed by Infomerics, which assigned a long-term rating of IVR BBB- / Positive (outlook revised from Stable to Positive) on our bank facilities. This recognition further validates MCPL’s improving scale, diversified growth and prudent financial discipline. With rising export visibility, strong domestic demand and digital-enabled operations, MCPL remains well-positioned to deliver sustainable 25-30% CAGR and long-term value creation for stakeholders.