Transcript of Earning Conference Call held on May 20, 2026.
MAYURUNIQ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Mayur Uniquoters reported strong Q4 FY '26 results with standalone revenue of INR 260.55 crores (up 22% Y-on-Y) and PAT of INR 60.71 crores (up 73%). Full year export grew 35.5% in value while domestic grew 4%, with total volume at 31 million meters (5% volume growth). Management guided for 8%-10% domestic and 15%-20% export growth going forward, expecting the momentum to continue for 2-3 years. Exit margin was around 30% driven by higher export mix, currency benefits (INR 30 crore FX gain for year), and cost control. Management indicated margin guidance of 25%-30% range but was evasive when asked to confirm the 30% figure. CAPEX plans include INR 300 crore for a global location (likely Mexico) and INR 50 crore for a coating line at existing facility, expected to add 5 lakh meters monthly capacity.
Strong export-led growth and margin expansion signal operational strength, but management's vagueness on sustaining 30% margins and pending raw material price hikes (to be reflected in Q1 FY '27) create some uncertainty for near-term profitability expectations.