Mayur Uniquoters Ltd

Q1 FY27Consumer Durables

Mayur Uniquoters Ltd Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹746

Market cap₹3.3K Cr

P/E16.1

Updated25 Aug 2026

Read5 min read

What the Q1 FY27 call signalled

2 of 4 strong

RevenueRank 3

MarginRank 3

CapexYes

Order bookYes

Not discussed on this call: fundraise.

The short version

The company expects a top-line growth of 10% to 15% annually over the next 2-3 years, primarily driven by exports. The company expects a top-line growth of 10% to 12% annually over the next 3 years.

From Mayur Uniquoters Ltd's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Revenue & Sales Performance

Rank 3

The company expects a top-line growth of 10% to 15% annually over the next 2-3 years, primarily driven by exports.
Volume growth in export markets was about 9% with domestic volume growth around 1%, overall volume growth close to 3%.
Export business, especially US OEM, is expected to increase significantly, with potential wallet share gains and client expansion.
Expansion plans include adding a new production line by end of FY27, adding 5 lakh meters capacity (~INR150 crores additional annual revenue).
A major greenfield expansion outside India is under evaluation but not yet finalized due to market volatility; possible locations include Mexico or U.S.
Growth from current customers is expected to come from wallet share increases; new customer additions are in very early stages and uncertain.
Automotive and export segments are targeted for growth; domestic footwear segment facing headwinds but automotive volumes expected to improve (e.g., from Mahindra and Tata).

Profitability & Margins

The company expects a top-line growth of 10% to 12% annually over the next 3 years.
Export business, especially US automotive, is projected to increase by around 60-70% in the next three years, primarily through wallet share expansion with existing clients.
Margins are expected to be sustainable around 25% with possible fluctuations due to raw material and freight cost volatility.
Capex plans include around INR 50 crores for FY27 and similar for FY28, mainly for expanding capacities including adding a production line at the current facility by early 2027.
Potential major capex of around INR 250 crores may be considered for international plant expansion in the next 2 years, though final decisions are pending due to market volatility.
Volume growth is modest (~2% quarterly), with revenue growth mainly driven by price/mix advantages.
Overall, the company remains optimistic about its earnings and operating profit growth over the coming 2-3 years.

See what Mayur Uniquoters Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Capex plan for FY27 and FY28 is around INR 50 crores.
Expansion by adding one more production line in the existing facility, expected to start production by Feb-Mar 2027, adding 5 lakh meters capacity.
Consideration of two more expansions, including potential greenfield plants outside India (locations under evaluation, options include Mexico, U.S., or other NAFTA areas).
Final call on international plant location not yet taken due to market volatility (tariffs, geopolitical issues).
Potential future capex of approx. INR 250 crores if a new facility outside India is decided.
Current capacity expansion expected to contribute additional annual revenue between INR 250 crores to INR 400 crores, depending on product mix.
The company aims to de-risk business and be closer to global customers by establishing plants outside India.

Top-ranked in Consumer Durables

Ranked on what management guided this quarter

5x potential

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

The company mentioned a capex plan of around INR 50 crores for financial years 2027 and 2028.
For a potential new facility (likely international), an additional capex of INR 250 crores may be incurred over the next two years, but this depends on a final decision.
There is no specific mention of any ongoing or planned fundraising through debt or equity in the provided transcript.
The management noted that once the final call on expansion location is taken, they will provide more details.
No explicit references to new debt or equity issuance were made during the Q&A or closing remarks.

See what Mayur Uniquoters Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes

The company expects the US business to increase significantly over the next three years, with US automotive business potentially growing by 60-70%.
Ford and Chrysler are key customers showing growth potential, with Ford orders currently low but increasing.
Europe automotive business exists with BMW and Mercedes in South Africa, and active participation in RFQs (Requests for Quotation) in Europe; some RFQs were lost previously but new ones are expected.
Growth primarily anticipated from increasing wallet share with existing clients; discussions with new OEMs are at very early stages, so no confirmed new business yet.
No firm order book figures provided; capex of INR 250 crores planned in next 2 years pending final decision on new facility location.
The company is underutilizing PU plant capacity, with no confirmed PU export market business yet despite sampling and talks.

Mayur Uniquoters Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹261 Cr, net profit ₹61 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

What Mayur Uniquoters Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Mayur Uniquoters Ltd Q1 FY27 results?

The company expects a top-line growth of 10% to 15% annually over the next 2-3 years, primarily driven by exports. The company expects a top-line growth of 10% to 12% annually over the next 3 years.

What is Mayur Uniquoters Ltd share price analysis?

Mayur Uniquoters Ltd currently shows a below-average growth signal. The stock trades at a P/E of 16.1 with a market cap of ₹3,341 Cr. Investors should review the full earnings analysis for detailed insights.

Is Mayur Uniquoters Ltd planning capital expenditure?

Capex plan for FY27 and FY28 is around INR 50 crores. - Expansion by adding one more production line in the existing facility, expected to start production by Feb-Mar 2027, adding 5 lakh meters capacity. - Consideration of two more expansions, including potential greenfield plants outside India (locations under evaluation, options include Mexico, U.S., or other NAFTA areas). - Final call on international plant location not yet taken due to market volatility (tariffs, geopolitical issues). - Potential future capex of approx.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.