Press Release titled " Sharat Industries Limited posts Q2 FY 2026 growth"
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Sharat Industries Limited reported strong Q2 FY26 (standalone) results with revenue from operations up 49% year-on-year to ₹149.73 crore (+30% quarter-on-quarter) and profit after tax rising 54% YoY to ₹5.74 crore. EBITDA grew 30% YoY to ₹11.94 crore. Growth was driven by geographic diversification — new exports to Russia and entry into China — along with new product launches for existing clients, which helped offset the impact of higher US tariffs on its shrimp exports. Margins, however, were pressured by raw-material price volatility, shipment delays and extra reprocessing costs needed to meet specifications of alternate markets. The company's Gujarat partnership also advanced in Q2 with Black Tiger shrimp processing, expanding its pan-India footprint near western ports.
Strong top-line growth is a clear positive, but EBITDA margin compressed from roughly 9.2% to 8.0% YoY, showing rising cost pressure despite higher revenue. Diversification away from the US into Russia and China is a structural positive that may help sustain growth if tariffs persist, but margin recovery will be the key thing to watch.