Manorama Industries Ltd Share Price – NSE  /  BSE

FMCG, Small Cap

With this commissioning, the company's total fractionation capacity increases to 40,000 TPA.

Ashish Saraf, President of Manorama Industries, said, “The new plant's capacity is pegged at 25,000 TPA and we are enhancing our overall fractionation capacity to 40,000 TPA. This boost in capacity is expected to unlock growth in the Company's top-line and bottom-line in the coming years.

The company remains committed to meet the growing demand by providing sustainable Cocoa Butter Equivalent (CBE), specialty fats and butters amidst inflationary trends. The added capacity reinforces Manorama Industries stance in the global CBE and specialty fats and butters industry.”

Manorama Industries is a global pioneer in the manufacturing of specialty fats from tree-borne and plant-based seeds. The Group has a history of many decades which started with extracting butter and fats from sal seed and mango kernel and gradually forayed into exotic products and specialty fats.

The company had reported 3.19% rise in net profit to Rs 7.16 crore on a 3.21% increase in revenue from operations to Rs 98.45 crore in Q3 FY24 over Q3 FY23.

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Manorama Industries has initiated the commissioning process at its new state-of-art fractionation plant, boasting a 25,000-tonnes per annum (TPA) capacity. This will lead to the Company's total fractionation capacity to 40,000 TPA.

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Net profit of Manorama Industries rose 3.91% to Rs 7.44 crore in the quarter ended December 2023 as against Rs 7.16 crore during the previous quarter ended December 2022. Sales rose 3.22% to Rs 98.45 crore in the quarter ended December 2023 as against Rs 95.38 crore during the previous quarter ended December 2022.

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Manorama Industries will hold a meeting of the Board of Directors of the Company on 10 February 2024.

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