MANORAMA Q4 FY26 Guidance vs Delivery (MANORAMA Management Mirror)

Did MANORAMA's management deliver what it guided? Guidance vs actual performance and tone changes across recent earnings calls, as of the Q4 FY26 (Mar-2026 Qtr) concall.

Manorama Industries Ltd (MANORAMA) Q4FY26 Management Mirror - Mar-2026 Qtr

Revenue & Volume Growth

Management continues to project 30% volume growth alongside a 5% to 10% price realization benefit for the upcoming fiscal year, maintaining its long-term revenue target of over INR 3,500 crores by Mar'30, supported by new capacities. Previously in the Dec'25 Qtr, the company upgraded its FY26 revenue guidance to INR 1,300 crores (from INR 1,150 crores in the Sep'25 Qtr) and anticipated 30% to 45% growth potential over the next one to two years. [Status: Reaffirmed]

4 more themes on the ELITE plan.