India's Mafatlal Industries' revenue surges 57% to $256 mn in H1 FY26

The company’s operating EBITDA grew 53.5 per cent YoY, reflecting improved operational efficiency and stronger core business performance.

During Q2 FY26, Mafatlal recorded further improvement in operational profitability, with operating EBITDA growth outpacing total EBITDA growth—signalling profitability driven by operations rather than non-recurring income sources.

The digital infrastructure segment gained notable momentum in Q2, propelled by institutional orders for establishing Personalised Adaptive Learning (PAL) Labs, complete with integrated software solutions and after-sales service, Mafatlal Industries said in a press release.

The institutional and uniforms divisions continued to be major growth drivers, supported by large-scale orders across several states. These included supplying consumable durable articles to about 6.6 lakh beneficiaries in 358 talukas of Maharashtra, delivering approximately 133.93 lakh metres of uniform fabric and 18.8 lakh uniform garments across India, providing 79.4 lakh dhotis, sarees, and lungis in Jharkhand, and setting up PAL Labs in government schools in Tripura.

As of September 30, 2025, the company’s gross debt stood at ₹58 crore, with long-term debt at ₹31.5 crore, indicating a healthy balance sheet. The board of directors has declared an interim dividend of ₹1.25 per equity share for FY26, added the release.

“We are pleased to report our highest-ever half-yearly performance in H1 FY26. This growth reflects our focused business strategy, asset-light model, and disciplined execution. Our institutional and uniforms businesses continue to demonstrate strength, supported by operational excellence and value-added offerings. With a strong order book of around ₹900 crore, we are well-positioned to sustain our growth momentum and surpass last year’s performance,” said MB Raghunath, CEO of Mafatlal Industries.

ALCHEMPro News Desk (SG)