M R Maniveni Foods Ltd Revenue Falls 16.6% to ₹169.85 Crore in FY26

M R Maniveni Foods Ltd reported FY26 revenue of ₹169.85 crore, a 16.6% decline from ₹203.52 crore in FY25, while EBITDA was broadly steady at ₹7.91 crore and net profit stood at ₹3.86 crore. The figures show a lower sales base alongside a stable operating and profit performance.

What did M R Maniveni Foods report for FY26?

M R Maniveni Foods reported revenue of ₹169.85 crore for the year ended March 2026, compared with ₹203.52 crore a year earlier. The company’s annual financial information attributed the 16% revenue decline to lower sales volumes in the pulses segment. Revenue had risen from ₹155.00 crore in FY24 to ₹203.52 crore in FY25 before declining in FY26.

EBITDA was ₹7.91 crore in FY26, nearly unchanged from ₹7.90 crore in FY25. Net profit was ₹3.86 crore, compared with ₹3.88 crore in the preceding year. EPS was ₹2.68 in FY26 versus ₹2.70 in FY25. The company’s annual financial table also showed operating profit margin improving to 5% in FY26 from 4% in FY25.

Why did FY26 revenue decline while EBITDA remained stable?

M R Maniveni Foods said the FY26 revenue contraction was driven by lower sales volumes in the pulses segment. Revenue from operations was stated at ₹169.85 crore for the year, against ₹203.52 crore in FY25. This lower turnover did not lead to a material fall in EBITDA, which remained close to the previous year’s level.

The annual data shows expenses of ₹162 crore in FY26, down from ₹196 crore in FY25. The reduction in expenses was larger in absolute terms than the decline in EBITDA, helping support the operating result. EBITDA margin, expressed in the company’s annual financial table as operating profit margin, moved to 5% from 4% in FY25.

Other income increased to ₹9.50 crore in FY26 from ₹3.77 crore in FY25, primarily because of higher interest income from bank deposits. At the profit level, however, net profit remained broadly flat. Profit before tax was ₹5 crore in both FY25 and FY26, while tax declined to ₹1 crore from ₹2 crore, according to the rounded annual figures.

How has M R Maniveni Foods performed over recent years?

M R Maniveni Foods has expanded substantially from its FY21 base, although FY26 interrupted the revenue growth recorded in the prior years. Revenue increased from ₹63 crore in FY21 to ₹72 crore in FY22, ₹120 crore in FY23, ₹155 crore in FY24 and ₹204 crore in FY25, before moderating to ₹170 crore on a rounded basis in FY26.

Profitability has also improved over the longer period. EBITDA rose from ₹2 crore in FY21 to about ₹8 crore in FY25 and FY26. Net profit increased from ₹1 crore in FY21 to about ₹4 crore in each of FY25 and FY26. The FY26 numbers indicate that the company retained its operating profit level despite a lower revenue base.

The reported balance-sheet operating data also highlighted inventory movement. Inventories were stated at ₹25.47 crore in FY26, up 83% from the prior year, with the increase linked to a build-up in finished goods. This is a relevant operating metric because inventory levels can affect working-capital requirements and the pace at which products are sold.

What financial results will the board consider on 12 November 2026?

M R Maniveni Foods announced a board meeting for 12 November 2026 to approve unaudited financial results for the half year ended 30 September 2026. The board is also scheduled to take note of the auditors’ limited review report. The notice was filed on 5 November 2026 by Managing Director K R Manikandan from Chennai.

The half-year results will provide the next reported update after the audited FY26 results approved by the board on 22 June 2026. The company said its June board meeting considered and approved the audited financial results for the year ended 31 March 2026, together with the independent auditors’ report issued by Ms. Krishaan & Co, its statutory auditors.

The company also approved its 16th annual general meeting for 28 September 2026. Other board actions disclosed included the appointment of two new directors, approval of a new logo and the appointment of internal auditors for FY27. These actions sit alongside the scheduled financial reporting process rather than changing the FY26 reported numbers.

How does the FY26 result affect investors and operations?

For investors, the key FY26 data points are the 16.6% reduction in revenue and the broadly stable EBITDA and net profit. Revenue fell by ₹33.67 crore year on year, while EBITDA was higher by ₹0.01 crore and net profit was lower by ₹0.02 crore. The movement in operating profit margin from 4% to 5% provides context for why the profit performance was steadier than the sales trend.

The reported inventory increase is also relevant to the company’s operations. A rise in finished-goods inventory may reflect the volume and timing of sales and requires attention alongside subsequent revenue disclosures. The scheduled half-year results for the period ended 30 September 2026 will provide updated information on sales, profitability and the limited review process.

The available quarterly information for March 2026 lists net profit of ₹0.52 crore and EPS of ₹0.36, while revenue and EBITDA were not provided in that table. The company’s share price was ₹37.35 on 22 June 2026, the date listed for the quarterly-result corporate action announcement. No earnings estimates were shown in the provided results data.

Conclusion

M R Maniveni Foods closed FY26 with revenue of ₹169.85 crore, down 16.6% from FY25, but maintained EBITDA at ₹7.91 crore and net profit at ₹3.86 crore. Lower pulses sales volumes affected the top line, while lower expenses, a higher operating margin and increased other income supported the overall profit outcome.

The next disclosed event to watch is the board meeting scheduled for 12 November 2026, when M R Maniveni Foods is due to consider unaudited half-year financial results for the period ended 30 September 2026 and the auditors’ limited review report. The update may offer fresh data on revenue, profitability and inventory after FY26.