Manorama Industries Ltd

Manorama Industries Limited announced its unaudited financial results for the first quarter ended June 30, 2026, reporting a significant year-on-year increase in key financial metrics. Revenue for Q1 FY27 grew by 39.5% to INR 4,040.1 Mn, driven by an improved value-added product mix and enhanced fractionation facility utilization. EBITDA saw a 42.2% YoY increase to INR 1,062.1 Mn, with EBITDA margin expanding by 49 bps to 26.3%. Profit After Tax (PAT) surged by 67.6% YoY to INR 786.6 Mn, and the PAT margin improved by 326 bps to 19.5%. The company also expanded its global sourcing presence by incorporating a wholly-owned subsidiary in Chad and acquired land in Burkina Faso for a Shea seed processing facility, reinforcing its strategic vision for a global specialty fats platform.

Manorama Industries Ltd has announced that Monday, September 14, 2026, has been set as the record date for the purpose of declaring a final dividend. This declaration is contingent upon the approval of the company's members at the upcoming 21st Annual General Meeting (AGM). The company has made this intimation in accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements), 2015.

Manorama Industries Ltd announced the outcome of its Board meeting held on August 13, 2026. The Board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the limited review report from its statutory auditors. Additionally, the Board approved the notice for the 21st Annual General Meeting (AGM) to be held on September 21, 2026, through Video Conferencing. The cut-off date for e-voting and determining eligibility for final dividend was set as September 14, 2026.

Manorama Industries' consolidated Q1 FY27 (quarter ended June 30, 2026) revenue rose 39.5% YoY to ₹404.0 Cr, crossing the ₹400 Cr quarterly mark for the first time, while consolidated PAT grew 67.5% YoY to ₹78.7 Cr — profit outpacing revenue, with NPM expanding to 18.7% from 15.9% a year ago. No exceptional items were recorded in either statement this quarter, so the growth is organic. Standalone PAT of ₹81.6 Cr (+61.3% YoY) ran slightly ahead of the consolidated print; the nine overseas subsidiaries (Nigeria, Dubai, Togo, Brazil, Ghana, Burkina Faso, Ivory Coast, Benin) posted a combined net loss of ₹2.93 Cr this quarter, narrower than the ₹3.63 Cr loss a year ago — which is why consolidated PAT actually grew faster than standalone, a >3pp divergence in growth rate worth flagging even though both bases tell a strong-quarter story. Operating (EBITDA) margin came in at roughly 26.3% of revenue, up from 25.8% a year ago and sitting inside management's guided 25-27% EBITDA band from the January 2026 concall, when the company also raised its FY26 revenue guidance to ₹1,300 Cr from ₹1,150 Cr — a target it went on to beat, closing FY26 at ₹1,366.7 Cr. Other income of ₹16.2 Cr (more than triple the ₹5.8 Cr a year ago, largely mark-to-market FX gains per the filing's own notes) added to the PBT print; stripping it out, operating PBT still grew a healthy ~51% YoY, so the beat is not primarily an other-income effect. Sequentially, revenue was up a modest ~3% versus the March-quarter print, consistent with this being a non-seasonal specialty-ingredients business rather than a QoQ-driven story. No fresh FY27 guidance was on record at filing time, and no street/consensus estimate specific to this quarter turned up in a search, so vsStreet is marked unknown; the closest available yardstick is the company's own EBITDA-margin guidance, which this quarter's ~26.3% operating margin is tracking within band. Management's own framing credits the print to "sustained demand across key end-user industries, deeper customer engagement, and the growing contribution of our value-added specialty fats and butters portfolio" — consistent with the margin expansion in the numbers. Two developments sit outside this quarter's P&L: the company paid ₹20.64 Cr in customs duty on August 10, 2026 following a customs inquiry (with a separate clarification filed on a disclosure-timing question), not booked as an exceptional item in this statement; and the board set September 14, 2026 as the record date for a final dividend and incorporated a new wholly-owned subsidiary in Chad on July 21, 2026, extending the African sourcing base underpinning the CBE/specialty-fats business.

Manorama Industries Ltd has provided a clarification to BSE regarding a delay in disclosing information related to an inquiry by the Special Intelligence & Investigation Branch, Customs, Indore. The inquiry concerns imports under the India-UAE CEPA. The company stated that no show cause or penalty orders have been issued. The delay was attributed to the time needed for internal review, reconciliation of records across multiple import consignments, and finalization of financial particulars, including a correction for one consignment. The company voluntarily paid ₹20,64,17,893/- and initiated recovery action against the supplier by issuing a debit note on August 10, 2026. The disclosure was made on the same day, acknowledging it exceeded the 24-hour timeline. The company emphasized the delay was not deliberate and committed to improving internal processes for timely disclosures.

Manorama Industries Limited has paid ₹20.64 crore in differential customs duty, IGST, interest, and penalty following an inquiry by the Customs, Indore. The inquiry concerns the eligibility of imported Palm Mid Fraction from a UAE supplier for preferential tariff benefits under the India-UAE CEPA. The company, which imports the specialty fat for cocoa butter equivalents, relied on Certificates of Origin provided by the supplier. Manorama Industries has issued a debit note and legal notice to the supplier seeking recovery of the paid amount, asserting that the supplier's representations did not correctly reflect the goods' eligibility for preferential treatment. The company does not anticipate any material adverse impact on its financial position or operations beyond the amount paid and incidental costs.

Manorama Industries Ltd has announced that its Board of Directors will convene on August 13, 2026. The primary agenda item is to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2026, along with the limited review report. The company also confirmed that the trading window for designated persons will remain closed until 48 hours after the declaration of these financial results, reopening on August 15, 2026. This announcement complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Manorama Industries Limited has announced the incorporation of its wholly-owned subsidiary, MANORAMA SAVANNAH AGRO CHAD SARL, in the Republic of Chad. The incorporation, effective July 20, 2026, aims to expand the company's business operations. The subsidiary has an authorized and paid-up capital of CFA 10,000,000. This move is considered a related party transaction as it is a WOS, but any future dealings will be on an arm's length basis. The subsidiary will operate in the Food & Cosmetic Industry (Trading).

Manorama Industries Ltd announced that its Board of Directors has approved the incorporation of a Wholly Owned Subsidiary (WOS) in Chad. The decision was made during a board meeting held on July 9, 2026. The proposed subsidiary, tentatively named Manorama Savannah Agro Chad, will have an authorized and paid-up capital of CFA 1,00,00,000 (approximately ₹1.4 Crore). The company stated that the WOS will be a related party post-incorporation, but transactions will be on an arm's length basis. The nature of the business for the subsidiary is indicated as 'Trading'.

Manorama Industries Limited has announced the closure of its Qualified Institutional Placement (QIP). The Board of Directors, in a meeting held on July 02, 2026, approved the closure of the issue after receiving applications and funds from eligible Qualified Institutional Buyers (QIBs). The company has allocated 34,01,360 equity shares at an issue price of ₹1,470 per share. This price represents a discount of approximately 0.99% to the floor price of ₹1,547.18 per share. The Placement Document has also been approved, and allocation notes will be sent to the QIBs.