Mayur Uniquoters Ltd
Mayur Uniquoters Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Export business expected to grow faster than domestic, with export growth around 15% or more and domestic growth between 8% to 10%. Management expects profitability to grow by approximately 20% year-on-year in the second half of FY '26.
From Mayur Uniquoters Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Export business expected to grow faster than domestic, with export growth around 15% or more and domestic growth between 8% to 10%. (Page 8)
- Export volume growth in H1 was about 12.5% year-on-year and 14% quarter-to-quarter; value growth for exports was 25% quarter-to-quarter. (Page 13)
- New models and additional business with customers like Ford and Stellantis indicate rising export volumes. (Page 8)
- Export run rate expected to increase steadily, with exports constituting an increasing share of total sales. (Page 5)
- Capacity expansion planned in South India to support expected demand growth. (Pages 8 and 14)
- PU volume increased by 21% quarter-over-quarter; value by 32%, though utilization is currently low at 23%-25%. (Pages 14-15)
- Overall guidance for FY '26 revenue growth remains at 12%-15%, with profit growth of 15%-20%. (Page 7)
Profitability & Margins
See what Mayur Uniquoters Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- The company has a significant capex plan for Mexico, but the decision is currently on hold due to strategic reasons and market uncertainties; a final decision is expected by next March.
- Despite holding off on the Mexico plant, Mayur Uniquoters plans to add at least one new production line in India, likely in South India, to increase capacity.
- The South India plant is in the planning stage with no definitive timeline yet; capacity is expected to add around INR 4-5 lakhs per month.
- The rationale for the South India facility includes proximity to key footwear and automotive customers.
- PVC line installation at the PU plant is being considered as future capacity needs arise, but presently no final decision.
- The company plans to use surplus cash primarily for these capex projects.
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Fundraising & Capital Structure
See what Mayur Uniquoters Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The current utilization of the PU (Polyurethane) line is between 23% to 25%.
- The management is actively engaging with customers who are waiting for orders, showing optimism for order inflows.
- There is no specific quantified order book mentioned, but the company is hopeful and "waiting for good news" regarding new orders.
- Export orders from the U.S.A. and OEM supplies have improved significantly, contributing positively to the top and bottom lines.
- Increased momentum in exports is expected to continue over the next 2-3 years.
- Discussions and plans for capacity expansion in South India are underway, indicating expected growth in orders.
- However, large capex plans like Mexico plant expansion are currently on hold due to strategic and market uncertainties.
- Overall, the company anticipates order book growth with increasing export demand and ongoing customer discussions.
Mayur Uniquoters Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹261 Cr, net profit ₹61 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Mayur Uniquoters Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Mayur Uniquoters Ltd Q2 FY26 results?
Export business expected to grow faster than domestic, with export growth around 15% or more and domestic growth between 8% to 10%. Management expects profitability to grow by approximately 20% year-on-year in the second half of FY '26.
What is Mayur Uniquoters Ltd share price analysis?
Mayur Uniquoters Ltd currently shows a neutral. 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?
The company has a significant capex plan for Mexico, but the decision is currently on hold due to strategic reasons and market uncertainties; a final decision is expected by next March.
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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.