Manorama Industries Strengthened Its Capex to 40,000 TPA

On April 12, 2024, a global pioneer in the manufacturing of Cocoa Butter Equivalents, specialty fats & butter, and other exotic fats, Manorama Industries Limited, announced 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.

“It gives me immense pleasure to share that we have initiated the commissioning process of our new solvent fractionation capacity of 25000TPA. 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.” said Mr Ashish Saraf, President of Manorama Industries Limited

He further added that “The company remains committed to meeting the growing demand by providing sustainable Cocoa Butter Equivalent (CBE), specialty fats and butter amidst inflationary trends. The added capacity reinforces Manorama Industries’ stance in the global CBE and specialty fats and butter industry.”

During the 9MFY24, Manorama Industries achieved a substantial 31.6% YoY growth in revenue to 3,277.5 million despite a maintenance shutdown impacting fractionation capacity at Birkoni in Q3FY24. The domestic-to-export mix for Manorama Industries stood at 56:44 during the nine months ending March 31, 2024, with strong demand observed in export markets such as Russia, Latin America, Japan, and Europe. EBITDA witnessed a meaningful growth of 32% on a YoY basis to 527.5 million in 9MFY24, with an EBITDA margin of 16.1%.

Looking forward, the company is actively working to accelerate its growth momentum. It is considering establishing entities in Russia, Latin America, UAE, and other markets to deepen its presence in existing geographies.

About Manorama Industries Limited

Incorporated in 2005, Manorama Industries Limited is a global pioneer in manufacturing specialty fats and butter and exotic products. The company has carved a niche in Sal CBE & Stearin, Shea CBE & Stearin, Mango CBE & Stearin, and other exotic fats and butter. MIL offers customised solutions to Fortune 500 companies in the chocolate, confectionery, and cosmetic industries.

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