Manorama Industries Limited — Updates, 26-04-2025: Press Release

**Financial Highlights:**

Manorama Industries Limited reported a strong performance in Q4 FY25, with revenues reaching INR 2,328 Mn, an increase of 80% YoY. EBITDA surged by 208% YoY to INR 639 Mn, leading to an EBITDA margin of 27.5%, a rise of 1,139 bps YoY. The company achieved a PAT of INR 423 Mn, up 238% YoY, with a PAT margin of 18.2%, reflecting a significant improvement of 849 bps YoY.

**Strategic Initiatives and Growth Drivers:**

The revenue growth was propelled by strong demand across the product portfolio and the successful commercialization of new fractionation capacity. The company is optimistic about operational efficiencies and anticipates enhancing capacity utilization in FY26.

**Business Developments:**

For FY25, the total revenue grew 69% YoY to INR 7,708 Mn. The company has also announced a final dividend of INR 0.60 per share, reinforcing its commitment to shareholder returns.

**Market Position and Competitive Advantage:**

Manorama Industries maintains a competitive edge by specializing in specialty fats and butters, developing innovative food ingredients tailored to meet global demand, with a diverse export portfolio (27% domestic vs. 73% export).

**Investor Implications:**

With strong financial performance and strategic global expansions, the company projects revenues of over INR 1,050 Cr for FY26. Manorama's ongoing investment in R&D and commitment to ESG principles position it favorably for sustained long-term growth, making it a company worth monitoring closely for potential growth opportunities.