This article first appeared on GuruFocus .
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Standalone Revenue:236.99 crores, increased by 22% year-on-year.
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Standalone PBT (Profit Before Tax):70.08 crores, increased by 71% year-on-year.
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Standalone PAT (Profit After Tax):52.96 crores, increased by 77% year-on-year.
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Consolidated Revenue:237.48 crores, increased by 14% year-on-year.
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Consolidated PBT:67.16 crores, increased by 58% year-on-year.
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Consolidated PAT:50.73 crores, increased by 66% year-on-year.
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Export Revenue:97.18 crores.
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Domestic Revenue:139.81 crores.
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Total Volume:76.3 lakh meters, including PU at 2.56 lakh meters per quarter.
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Release Date: February 02, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
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Mayur Uniquoters Ltd ( BOM:522249 ) reported a 22% increase in standalone revenue and a 71% and 77% increase in BBT and P/E respectively, showcasing strong financial performance.
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The company has received significant export orders from the US, contributing positively to both top-line and bottom-line growth.
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Mayur Uniquoters Ltd ( BOM:522249 ) is focusing on becoming a preferred supplier for leading OEMs, particularly in the US and European markets, indicating strategic international expansion.
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The company is actively involved in corporate social responsibility initiatives, including education and healthcare programs, which have been recognized by the state government.
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Mayur Uniquoters Ltd ( BOM:522249 ) is exploring new markets, including Europe, and has established a subsidiary in Estonia to enhance its presence in the European market.
Negative Points
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The company faces challenges in the domestic market, particularly in the footwear segment, due to local competition and low price margins.
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There is uncertainty regarding the impact of tariffs in markets like Mexico and South Africa, which could affect future export performance.
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The company is evaluating significant CapEx plans, which could impact financials if not managed effectively.
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Mayur Uniquoters Ltd ( BOM:522249 ) is dealing with fluctuations in raw material prices, such as PVC, which could affect profit margins.
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The company has not yet finalized plans for potential overseas manufacturing facilities, which could delay strategic expansion efforts.
Q & A Highlights
Q: Can you provide an update on the CapEx plans for the South and US markets? A: We are evaluating both options. The South plan would require approximately 200 crore INR, while a global scale expansion would need around 300 crore INR. The decision is still under evaluation.
Q: How are export contracts priced, and who bears the variability in PVC or exchange rates? A: Our export contracts are priced in dollars. Any fluctuation in exchange rates affects the INR value, impacting the company's profit. PVC material prices are generally fixed unless there is a significant change, in which case we negotiate with customers.
Q: Are there any impacts from tariffs imposed by Mexico or South Africa on your exports? A: Currently, we are not impacted by the tariffs imposed by Mexico. We are not aware of any tariffs from South Africa affecting us.
Q: What is the outlook for maintaining margins given the current product mix? A: We aim to maintain margins around 24-25% due to a higher export percentage in our product mix. Our focus on export business, which has better margins than domestic, supports this target.
Q: How is Mayur Uniquoters planning to leverage the EU-India free trade agreement? A: We are already working with European OEMs like Mercedes-Benz and BMW. The agreement will help us grow our non-automotive business in Europe, although the automotive sector in Europe is not growing significantly.
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
