๐ ๐ฎ๐บ๐ฎ๐๐ฎ ๐ ๐ฎ๐ฐ๐ต๐ถ๐ป๐ฒ๐ฟ๐ ๐๐๐ฑ: ๐๐ฌ26 ๐๐ฎ๐ฟ๐ป๐ถ๐ป๐ด๐ ๐ฃ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฎ๐๐ถ๐ผ๐ป ๐ฆ๐๐บ๐บ๐ฎ๐ฟ๐ ๐ :
Mamata Machinery experienced a year of consolidation in FY26, with revenue from operations declining by 8% and profitability compressing more sharply. This downturn was primarily attributed to a nearly 50% drop in the US business, impacted by tariff disruptions during key order intake periods and subsequent uncertainty from the West Asia conflict. Additionally, a surge in polymer prices delayed customer capital expenditure decisions.
The company demonstrated agility by offsetting a significant portion of the US market decline through other geographies and business segments. However, full recovery was hindered by the West Asia disruption occurring before the US market fully stabilized.
๐๐ฒ๐ ๐ฃ๐ฒ๐ฟ๐ณ๐ผ๐ฟ๐บ๐ฎ๐ป๐ฐ๐ฒ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ & ๐๐ต๐ฎ๐น๐น๐ฒ๐ป๐ด๐ฒ๐:
- ๐ฅ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐๐ฒ๐ฐ๐น๐ถ๐ป๐ฒ: Total revenue fell 8% YoY to โน23,300 Lakhs in FY26. The US market, the largest export market, saw a ~50% decline.
- ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ ๐๐ผ๐บ๐ฝ๐ฟ๐ฒ๐๐๐ถ๐ผ๐ป: EBITDA margin reduced to 8.20% from 21.47% YoY. PAT saw a 63% decline YoY.
- ๐ ๐ฎ๐ฟ๐ด๐ถ๐ป ๐๐ฟ๐ถ๐๐ฒ๐ฟ๐: Lower export mix, adverse product mix, commodity price inflation, a one-time provisioning of โน3.05 Cr for employee benefits due to labor code amendments, and increased exhibition expenses (โน10.2 Cr vs โน6.2 Cr) contributed to margin pressure.
- ๐ข๐ฝ๐ฒ๐ฟ๐ฎ๐๐ถ๐ป๐ด ๐๐ฒ๐๐ฒ๐ฟ๐ฎ๐ด๐ฒ: Lower top line resulted in negative operating leverage.
๐ข๐ฝ๐ฒ๐ฟ๐ฎ๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฆ๐๐ฟ๐ฒ๐ป๐ด๐๐ต๐ & ๐๐๐๐๐ฟ๐ฒ ๐ข๐๐๐น๐ผ๐ผ๐ธ:
- ๐ฃ๐ฎ๐ฐ๐ธ๐ฎ๐ด๐ถ๐ป๐ด ๐๐ถ๐๐ถ๐๐ถ๐ผ๐ป ๐๐ฟ๐ผ๐๐๐ต: The packaging division remained a key growth driver. A significant multi-machine order for VFFS packaging machines was secured from a leading Indian snack brand. ๐
- ๐ก๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ป๐๐ฟ๐: Received its first packaging machine order from South Africa, marking an entry into a new geographical market. Africa is the first of several new markets expected to emerge.
- ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐๐ป๐ป๐ผ๐๐ฎ๐๐ถ๐ผ๐ป: Launched 'RecTech' at Plastindia 2026, an advanced, fully recyclable mono-material film offering superior barrier protection.
- ๐๐น๐ผ๐ฏ๐ฎ๐น ๐ฃ๐ฟ๐ฒ๐๐ฒ๐ป๐ฐ๐ฒ: Made its maiden appearance at Interpack 2026 in Dรผsseldorf to strengthen its international footprint and tap the European market. ๐
- ๐๐ฌ27 ๐ข๐๐๐น๐ผ๐ผ๐ธ: The company expects to return to growth in FY27 with profitability normalizing. Focus remains on recouping lost ground in the US market, pursuing growth in domestic converting & packaging businesses, and scaling through new geographies & strategic initiatives.
Mamata Machinery remains confident in its strategic direction and organizational agility, entering FY27 with a positive outlook. โจ
๐ MAMATA MACHINERY LTD | ๐ท๏ธ Investor Presentation
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