Re 0.40/Share Dividend: FMCG Co Declares 25.1% YoY Gain In PAT, Shares Rise 145% In 1-Yr

Small cap FMCG company Manorama Industries Ltd today declared its quarterly results. The company announced its profit after tax (PAT) at Rs 125.0 million, up 25.1% as against Rs 100.0 million declared in the corresponding quarter of last year. Last trading price of Manorama Industries share on BSE is Rs 584.55 apiece with intraday gain of 4.37%. Its market capitalisation is Rs 3,483.86 crore. Manorama Industries also recommended a final dividend of Re 0.40 paise. Manorama Industries shares zoomed 1305% in last 5-years. More details below:

Manorama Industries Recommends Dividend: According to the BSE filing of the company, "Approved and recommended the Final Dividend of Rs. 0.40 (Forty paisa only) on per equity share of Face Value of Rs. 2/- (Rupees Two only) i.e. (20% on Face Value) for the financial year 2023-24. The dividend, if approved by the members of the Company at the ensuing Annual General Meeting ("AGM"), will be paid within thirty (30) days from the date of the AGM."

Manorama Industries Quarterly Results: Revenues during 04 FY24 rallied by 27.1% YoY to INR 1,293.3 million. EBITDA during 04 FY24 soared by 26.0% YoY at INR 207.7 Mn; EBITDA margin for the quarter stood at 16.1%. PAT during 04 FY24 jumped by a 25.1% YoY to INR 125.0 Mn; PAT margin stood at 9.7% in 04 FY24. Meanwhile, revenues during FY24 increased by 30.3% YoY to INR 4,570.8 Mn owing to achieving operational leverage and the robust demand for our exotic products across the globe. PAT during FY24 grew by a 34.7% YoY to INR 401.1 Mn; PAT margin expanded by 29 bps YoY to 8.8%.

President of Manorama Industries, Mr. Ashish Saraf said, ""I am happy to share that Manorama Industries has seen a significant revenue growth of 30.3% YoY, amounting to INR 4,571 million in FY24. This has been largely due to achieving operational leverage and organic growth resulting in higher volume. Our strong performance in both domestic and export markets has resulted in a healthy mix of 57:43 in FY24."

Manorama Industries Ltd Stock Split in 2024: As per the BSE filing of the company dated Jan 15, 2024, "Sub- Division /Split of the Equity Shares of the Company having face value of Rs 10/- (Rupees Ten only) each into 5 (Five) equity shares having face value of Rs 2/-(Rupees Two only) each, subject to regulatory/statutory approvals and approval of the members as required under Section 61 of the Companies Act, 2013."

Manorama Industries Share Performance: The 52-week high price of Manorama Industries share on BSE is Rs 696.15 per share (30/04/2024) and 52-week low price is Rs 237.38 per share (as on 11/05/2023), respectively. Manorama Industries shares declined 8% in last 1-week, rallied over 41% in last 6-months, and gained 145% in last 1-year.

Manorama Industries About: Established in 2005 and backed by a strong pedigree of over 4 decades in the industry, it has established a vast geographic sourcing network for raw materials. Manorama Industries Limited was established with the aim to become a one-stop shop for tree-based specialty oils and fats, according to its official website.

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