Manorama Industries FY26 Revenue Up 76.1%

Manorama Industries reported standalone FY26 revenue of INR 1,358 crore, a 76.1% YoY growth, with an EBITDA margin of 27.1%.
The company announced a strategic capex of INR 460 crore over 2-3 years for new fractionation plants, a refinery, and a processing facility in Burkina Faso.
Management provided growth guidance for FY27, targeting 25%-30% growth driven by volume and price realization, and aims to sustain EBITDA margins of 25%-27%.
A net forex loss of INR 7.58 crore was recorded in Q4 due to mark-to-market provisions on forward contracts, with a cumulative FY26 provision of INR 23.3 crore.