ALFA Finder
The call ran from 1:31 PM to 2:33 PM IST (1 h 2 min).
Key takeaways
Strong H1 performance driven by volume growth and value-added product mix despite freight headwinds.
| Management target | Revenue 40.0% FY27 |
|---|
| Revenue growth | 41.9% YoY in Q2 to ₹459 Cr; 40.8% YoY for H1. |
|---|---|
| Margins | EBITDA margins stable at 25.8% despite higher inbound freight costs. |
| Order book | Export-heavy mix at 61% of revenue; capacity heavily booked. |
| Demand visibility | Healthy demand across chocolate and cosmetic segments globally. |
| Management confidence | Confident, highlighting leadership restructuring to handle upcoming massive scale expansion. |
Growth
H1 revenue grew 40.8% YoY to ₹866 Cr; volumes contributed 85% of growth.
Outlook
Targeting 85% utilization on expanded 47.5k MT capacity; new projects slated for FY28/FY29.
Risks
High inventory (₹1,000 Cr) due to early procurement and rising global freight costs impacting margins.
Last quarter's promises, checked
Delivered
- Guided margins 'broadly stable' (Q1 EBITDA 26.3%) → 25.8% (= BEAT)
- Q1 +39.5% YoY with 'further scope of improvement' → H1 +40.8%, Q2 +41.9% (= BEAT)
Partly delivered
- Guided 80-85% FY27 utilization on 52,000 t → now 85% target on 47,500 t; actual utilization undisclosed (= PARTIAL)
- Guided Burkina Faso land and approvals → land bought, approvals still awaited (= PARTIAL)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Manorama Industries Q2 FY27 Results: Net Profit ₹80.8 Cr, Up 51.9% YoY
Manorama Industries Ltd reported revenue from operations of ₹458.9 Cr (+41.9% YoY) and net profit of ₹80.8 Cr (+51.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹80.8 Cr · +51.9% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Ongoing 460 crore INR capex for fractionation/refinery to reach 52,000 TPA capacity by Q3 FY28.
Growth they described
Revenue surged 39.5% YoY; PAT grew 67.6%. Growth was volume-driven (85%) with stable pricing.
Call details
| Company | Manorama Industries Limited |
|---|---|
| NSE symbol | MANORAMA |
| ISIN | INE00VM01036 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 1:30 PM IST |
| Length | 1 h 2 min |
| Audio | Our stream on YouTube ↗ |
Manorama Industries Limited: key numbers
- Share price
- ₹1,984.10
- Market cap
- ₹12,524 Cr
- Revenue (annual)
- ₹1,367 Cr
- Net profit (annual)
- ₹224.9 Cr
- P/E (TTM)
- 45.7×Sector 29.1×
- Promoter holding
- 51.38%-2.94% QoQ
- FII holding
- 4.16%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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