Manorama Industries Limited, a global leader in the production of specialty fats and butters, has announced the commencement of commercial operations at its new fractionation plant. This expansion marks a significant milestone for the company, substantially increasing its production capabilities and positioning it for strong growth in the coming years.
The state-of-the-art facility, which began operations today, boasts an annual production capacity of 25,000 tonnes. This addition brings Manorama’s total fractionation input capacity to an impressive 40,000 tonnes per annum (TPA), more than doubling its previous capacity of 15,000 TPA.
Manorama Industries, listed on both the Bombay Stock Exchange (BSE: 541974) and the National Stock Exchange of India (NSE: MANORAMA), has established itself as a pioneer in the manufacturing of Cocoa Butter Equivalent (CBE) and exotic specialty fats and butters. These products are crucial ingredients in the chocolate, confectionery, and cosmetic industries, with the company supplying to Fortune 500 companies worldwide.
Ashish Saraf, President of Manorama Industries, expressed his enthusiasm about the expansion, stating, “This capacity enhancement puts us in a strong position to meet the growing global demand for sustainable CBE and specialty fats, even in the face of challenging industry conditions.” Saraf also projected that the company’s revenues could potentially reach approximately INR 675 – 700 Crore (roughly $81-84 million USD) for the fiscal year 2025, subject to favorable market conditions.
The expansion comes at a time when the global specialty fats and oils market is experiencing significant growth. Factors such as changing consumer preferences, increasing disposable incomes in developing countries, and the rising popularity of premium chocolates and confectioneries are driving demand for high-quality, sustainable ingredients.
Manorama Industries has built its reputation not only on product quality but also on its commitment to sustainability and community empowerment. The company’s business model involves sourcing raw materials like sal, shea, and mango kernels from forest-dependent communities, contributing to rural livelihoods while ensuring a steady supply of high-quality inputs.