Manorama Industries Limited Earnings Summary — Q1 FY2027
Manorama Industries Reports Strong Q1 Performance with 67% Surge in Consolidated Net Profit
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 10 consecutive quarters.
- Revenue of ₹404 Cr is 39.5% higher year-on-year.
- Revenue has compounded at 65.9% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹82 Cr is 61.3% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 130.2% annualised across the period.
- Operating margin stands at 27.0% in Q1 FY2027.
- Operating margin compressed by 24 bps year-on-year.
- Over the last two years operating margin has expanded by 697 bps.
- PBT margin is 27.0%.
- Expenses grew 40.0% against revenue growth of 39.5%.
- Operating profit of ₹109 Cr is 38.3% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 80/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Strong Uptrend | 404 | 382 | 363 | 323 | 290 | 233 | 209 | 195 | 133 | 129 |
| Expenses | Strong Uptrend | 295 | 279 | 264 | 236 | 211 | 169 | 154 | 150 | 107 | 109 |
| Operating Profit | Strong Uptrend | 109 | 103 | 98 | 88 | 79 | 64 | 55 | 45 | 27 | 21 |
| Operating Margin | Improving | 27.0% | 26.9% | 27.1% | 27.1% | 27.3% | 27.4% | 26.4% | 23.1% | 20.1% | 16.1% |
| Other Income | Volatile | 16 | -5 | 11 | 1 | 5 | 9 | 2 | 3 | 4 | 4 |
| Interest | Improving | 10 | 9 | 11 | 8 | 9 | 12 | 11 | 8 | 9 | 7 |
| Depreciation | Improving | 6 | 7 | 6 | 6 | 6 | 6 | 6 | 6 | 4 | 4 |
| Profit Before Tax | Strong Uptrend | 109 | 81 | 92 | 74 | 69 | 55 | 40 | 35 | 18 | 14 |
| Tax | Strong Uptrend | 28 | 21 | 23 | 20 | 19 | 12 | 11 | 9 | 5 | 1 |
| Net Profit | Strong Uptrend | 82 | 60 | 68 | 55 | 51 | 42 | 30 | 27 | 14 | 13 |
| Net Margin | Improving | 20.2% | 15.6% | 18.8% | 17.0% | 17.5% | 18.2% | 14.1% | 13.7% | 10.2% | 9.7% |
Key Takeaways
- Consolidated revenue grew 39.5% year-on-year to ₹404.0 crore, driven by robust demand for Cocoa Butter Equivalents (CBE).
- Net Profit witnessed a significant jump of 67.6% YoY, reaching ₹78.7 crore, showcasing strong operating leverage.
- The standalone entity continues to be the primary profit driver, contributing ₹81.6 crore to net profit, while foreign subsidiaries reported a net loss of ₹2.93 crore.
- Inventory management remains a key focus area with changes in finished goods inventories totaling a credit of ₹139.9 crore during the quarter.
- The company maintained strong margin profiles despite a substantial increase in raw material costs, which rose 62% YoY on a consolidated basis.
- The Board has scheduled the 21st Annual General Meeting for September 21, 2026, with a dividend cut-off date of September 14.
Management Guidance
Management remains focused on the 'Waste to Wealth' model, scaling global institutional supply chains for specialty fats and optimizing working capital efficiency following a record FY26 performance.
Sentiment Shift
Improving
Profit growth continues to significantly outpace revenue growth, indicating successful premiumization and operational efficiency in the specialty fats segment.
Outlook
The company expects sustained tailwinds from the global shift toward natural specialty fats and is focused on utilizing expanded fractionation capacities to serve global chocolate and cosmetic industries.
From the Annual Report (Key Quotes)
“The Company's only identifiable reportable Business segment is Manufacturing of Exotic Seed based Fats and Butters including Cocoa Butter Equivalent (CBE).”
“Profit from ordinary activities before exceptional items & tax stood at ₹10,633.11 lacs compared to ₹6,549.11 lacs in the same quarter last year.”
Official Quarterly Documents
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This summary is AI-generated from Manorama Industries Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.