BSECompany Update2d ago · 7 Nov 2026, 07:34 pm
Intimation of Press Release.
Mukka Proteins Ltd · 544135
✦ AI Summary▲ PositiveResults
Mukka Proteins Ltd reported strong Q2 FY27 performance with 108.06% YoY revenue growth, 157.51% YoY PAT growth, and improved EBITDA margin. The company's Oman facility commenced commercial production, and it received USDA NOP inputs attestation for Eco Sphere Organic Fertilizer. CARE Ratings revised the outlook to Stable from Negative.
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Growth Catalyst9/10
Governance Concern1/10
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Balance Sheet Risk2/10
Liquidity Impact9/10
Market Sentiment8/10
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Mukka Proteins Ltd - 544135 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
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Date: 07-11-2026
National Stock Exchange of India Limited BSE Limited
Exchange Plaza, C-1, Block G Listing Department
Bandra Kurla Complex, Dalal Street,
Bandra East, Mumbai-400051 Mumbai-400001
Scrip Code: MUKKA Scrip Code: 544135
Dear Sir/Madam,
Subject: Intimation of Press Release
In terms of Regulations 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015, we enclose a copy of Press Release being
issued by the Company on the following subject:
“Mukka Proteins Reports Strong Q2 FY27 Performance
Oman Facility Commences Commercial Production
U.S. FDA Facility Registration Strengthens Market Access
USDA NOP Inputs Attestation for Eco Sphere Organic Fertilizer”
This is for your information and records.
Thank you,
For Mukka Proteins Limited
Mehaboobsab Mahmadgous Chalyal
Company Secretary & Compliance Officer
Membership No.: A67502
Encl: as above.
Mukka Proteins Reports Strong Q2 FY27 Performance
Oman Facility Commences Commercial Production
U.S. FDA Facility Registration Strengthens Market Access
USDA NOP Inputs Attestation for Eco Sphere Organic Fertilizer
Q2 FY27 Revenue increases 108.06% YoY to ₹ 5,088.70 Mn
Q2 FY27 PAT at ₹ 177.27 Mn, up 157.51% YoY
Mangalore, November 07, 2026: Mukka Proteins Limited (“the Company”), one of India’s prominent
manufacturers and exporters of fishmeal, fish oil, and fish‑soluble paste and engaged in waste‑to‑value
solutions, announced its Financial Results for the second quarter and half year ended September 30,
2026.
Consolidated Financial Performance:
Q2 FY27 v/s Q1 FY27 (QoQ) Q2 FY27 v/s Q2 FY26 (YoY)
Revenue: ₹ 5,088.70 Mn against ₹ 4,896.54 Mn Revenue: ₹ 5,088.70 Mn against ₹ 2,445.81 Mn
Gross Profit: ₹ 895.64 Mn against ₹ 1,078.00
Gross Profit: ₹ 895.64 Mn against ₹ 559.05 Mn
Gross Profit Margin: 17.60% against 22.02% Gross Profit Margin: 17.60% against 22.86%
EBITDA: ₹ 501.18 Mn against ₹ 486.23 Mn EBITDA: ₹ 501.18 Mn against ₹ 262.77 Mn
EBITDA Margin: 9.85% against 9.93% EBITDA Margin: 9.85% against 10.74%
PAT: ₹ 177.27 Mn against ₹ 186.34 Mn PAT: ₹ 177.27 Mn against ₹ 68.84 Mn
PAT Margin: 3.48% against 3.81% PAT Margin: 3.48% against 2.81%
Standalone Financial Performance:
Q2 FY27 v/s Q1 FY27 Q2 FY27 v/s Q2 FY26
Revenue: ₹ 4,115.42 Mn against ₹ 4,058.56 Mn Revenue: ₹ 4,115.42 Mn against ₹ 2,222.71 Mn
Gross Profit: ₹ 614.90 Mn against ₹ 814.85 Mn Gross Profit: ₹ 614.90 Mn against ₹ 425.42 Mn
Gross Profit Margin: 14.94% against 20.08% Gross Profit Margin: 14.94% against 19.14%
EBITDA: ₹ 357.53 Mn against ₹ 441.36 Mn EBITDA: ₹ 357.53 Mn against ₹ 193.87 Mn
EBITDA Margin: 8.69% against 10.87% EBITDA Margin: 8.69% against 8.72%
PAT: ₹ 106.99 Mn against ₹ 194.07 Mn PAT: ₹ 106.99 Mn against ₹ 36.10 Mn
PAT Margin: 2.60% against 4.78% PAT Margin: 2.60% against 1.62%
Note: Amounts are presented in ₹ Mn.
Consolidated Quarterly Performance
Revenue from operations for Q2 FY27 stood at ₹5,088.70 Mn, registering a robust 108.06% YoY
growth. EBITDA increased to ₹ 501.18 Mn, up 90.73% YoY, while EBITDA margin stood at 9.85%.
PAT stood at ₹ 177.27 Mn, compared to ₹ 68.84 Mn in Q2 FY26 with YoY growth of 157.51 %, while
PAT margin expanded to 3.48 %. Growth was supported by strong export demand, improved
realisations and favourable industry dynamics amid global fishmeal supply constraints. However,
geopolitical disruptions and supply-chain constraints resulted in the execution of certain shipments
being deferred to October 2026.
Standalone Quarterly Performance
Revenue from operations for Q2 FY27 stood at ₹ 4,115.42 Mn, reflecting a strong 85.15 % YoY growth.
EBITDA increased to ₹ 357.53 Mn, up 84.41% YoY, with EBITDA margin declining by 3 bps YoY to
8.69%. PAT rose to ₹ 106.99 Mn from ₹ 36.10 Mn in Q1 FY26 with YoY growth of 196.37%, while
PAT margin expanded by 98 bps YoY to 2.60%.
Key Business Highlights:
• Capacity Expansion: Oman Facility Commences Commercial Production: The commencement of
commercial production by United Gulf Fishery Products LLC for fishmeal, fish oil and fish-soluble
paste has increased the Group’s overall production capacity and strengthened its manufacturing
presence in the Middle East. The expanded capacity enhances the Group’s ability to address demand
across international markets and capitalise on prevailing supply constraints in the global fishmeal
industry.
The existing manufacturing capacity has increased from 291,720 MTPA to 340,170 MTPA, following
the addition of capacities from United Gulf Fishery Products LLC and Delta Marine Products, as
detailed below:
United Gulf Fishery Products LLC: 37,200 MTPA (Fish Meal: 24,000 MT, Fish Oil: 6,000 MT and
Fish Soluble Paste: 7,200 MT)
Delta Marine Products: 11,250 MTPA (Fish Meal)
• USDA NOP Inputs Attestation received for Eco Sphere Organic Fertilizer: ECOCERT S.A.S.,
France confirmed that the product Eco Sphere Organic Fertilizer suitable for use in organic farming.
The attestation is expected to support product acceptance in organic-farming markets, including the
United States.
• U.S. FDA facility registration secured: The Company’s facility registration with the U.S. Food and
Drug Administration supports engagement with customers and markets that require U.S. FDA-
registered manufacturing facilities.
• CARE Ratings revised the outlook to Stable from Negative: CARE Ratings assigned CARE BBB−;
Stable / CARE A3 to ₹480 crore of long-term and short-term bank facilities and CARE BBB−; Stable
to ₹15 crore of long-term bank facilities. The Stable outlook reflects improved operating performance,
steady demand and expectations of better inventory and liquidity metrics.
Mr. Kalandan Mohammed Haris, CEO & MD, Mukka Proteins Limited, said, “Q2 FY27 was
another period of strong execution for Mukka Proteins. We delivered healthy growth across the quarter
and first half, supported by strong demand in export markets, favourable fishmeal pricing and improved
product realisations. Our performance reflects the strength of our procurement network, integrated
operations and ability to serve customers consistently across markets. However, geopolitical
disruptions and industry-wide supply-chain constraints affected shipment schedules, resulting in the
execution of certain shipments being deferred to October 2026.
During the quarter, we commenced commercial production at the Al Juba facility in Oman, increasing
the Group’s overall production capacity and strengthening our manufacturing presence in the Middle
East. With operations at the facility now underway, we are well positioned to progressively ramp up
production, serve international customers more efficiently and capitalise on the prevailing demand-
supply dynamics in the global fishmeal industry. We also secured U.S. FDA facility registration and
received USDA NOP Inputs Attestation from ECOCERT S.A.S., France, for Eco Sphere Organic
Fertilizer. These milestones enhance our regulatory readiness, support access to markets with specific
registration requirements and expand the opportunity set for our sustainable product portfolio.
We continued to strengthen the foundation of our integrated animal protein and sustainability platform.
Our alignment with the MarinTrust Improver Programme reinforces our focus on responsible sourcing
and traceable supply chains, while the integration of Ento Proteins, Haris Marine Products and Delta
Marine Products broadens our manufacturing and alternate-protein capabilities. The integrated
animal waste management contract further advances our waste-to-value strategy.
Looking ahead, our immediate priorities include ramping up operations at the Al Juba facility,
executing the shipments deferred to October, deepening market access and improving operating
efficiencies across the Group. The additional capacity from United Gulf Fishery Products LLC
positions us to respond to favourable demand-supply dynamics and scale our presence across
international markets. We also remain focused on scaling our diversified businesses acro
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