The Nifty Microcap 250 index surged 0.42% to hit a 52-week high of 26,245.30 during Friday's intra-day trading, surpassing its previous high of 26,188.85 touched on August 6, 2026. According to reports from Business Standard, the index gained 1% for the third consecutive day, significantly outperforming the Nifty 50 index which declined 0.18% during the same period. As per Upstox, the index was trading at ₹26,197.45 as of August 14, 2026, up 0.24% from the previous close of ₹26,135.15, with the index opening at ₹26,154.55 and touching an intraday high of ₹26,245.30.
Manorama Industries shares surged over 8% to ₹1,747.25 on the BSE after reporting exceptional Q1FY27 results, with net profit jumping 67.6% year-on-year to ₹78.7 crore. The specialty fats and cocoa butter equivalent (CBE) manufacturer hit a 52-week high of ₹1,867 amid heavy volume trading, driven by strong quarterly earnings. The company's strong operational performance was backed by an improved value-added product mix, enhanced processing capacity, and robust demand across key consumer industries like chocolate, confectionery, and cosmetics. Consolidated revenue from operations increased by 39.5% year-on-year to ₹4,040.1 million, marking the first time the company crossed the ₹4,000 million quarterly revenue mark.
EBITDA rose 42.2% year-on-year to ₹1,062.1 million compared to ₹747.0 million in the base quarter, with EBITDA margin expanding by 49 basis points to 26.3%. Profit after tax margin also expanded by 326 basis points to reach 19.5%, aided by operational efficiencies and improved leverage. Diluted earnings per share stood at ₹13.17 compared to ₹7.85 a year ago. The revenue mix between domestic and export markets stood at 40:60 during the quarter, highlighting the company's diversified global footprint. On a quarter-on-quarter basis, revenue rose 3.2% from ₹3,913.4 million.
The company announced the successful completion of its Qualified Institutions Placement (QIP), which has strengthened its balance sheet and provided financial flexibility to fund future growth opportunities across manufacturing, raw material sourcing, and value-added product categories. Additionally, Manorama Industries acquired nearly 10 hectares (24 acres) of land in Burkina Faso for a dedicated Shea seed processing facility, with regulatory approvals currently underway. These investments in West Africa will enhance raw material security, traceability, and supply chain proximity to international customers.
