Now Reading: Manorama Industries shares jump 8% on 67.6% profit surge
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Manorama Industries shares jump 8% on 67.6% profit surge
Manorama Industries shares surged over 8% to Rs 1,747.25 on the BSE on Friday after the specialty fats and cocoa butter equivalent manufacturer reported a 67.6% jump in Q1FY27 net profit to…
The Story in Brief
Manorama Industries shares surged over 8% to Rs 1,747.25 on the BSE on Friday after the specialty fats and cocoa butter equivalent manufacturer reported a 67.6% jump in Q1FY27 net profit to Rs 78.7 crore. Revenue from operations rose 39.5% year-on-year to Rs 404 crore, crossing the Rs 400 crore quarterly mark for the first time. The company attributed the strong performance to an improved product mix, higher capacity, and robust demand from chocolate, confectionery, and cosmetics sectors. EBITDA climbed 42.2% to Rs 106.2 crore, with margin expanding to 26.3%.
Manorama also incorporated a wholly owned subsidiary in Chad and acquired land in Burkina Faso for Shea processing, strengthening its West African supply chain. A completed Qualified Institutions Placement has bolstered its balance sheet for future growth.
The Indian Opinion
The market narrative around Manorama paints a picture of unstoppable momentum, but the 8% pop still leaves the stock well short of its 52-week high of Rs 1,867. Investors should focus on whether the company can sustain its 40:60 domestic-export revenue mix amid global demand uncertainty. The West African sourcing investments and QIP proceeds are promising, but the real test will be if margins hold above 26% in coming quarters. Can the specialty fats boom outlast a potential slowdown in chocolate consumption?
Source: economictimes.indiatimes.com
This story was synthesised by AI from the source linked above.
