Mamata's US business halved. The annual numbers are ugly.
Full-year revenue fell 8% and EBITDA fell 65% as tariffs and West Asia uncertainty crushed the US arm. Q4 saw a sales bounce but no profit.
— 3 earlier stories on Mamata Machinery Ltd. →What's new
- FY26 revenue dropped 8% to ₹23,300 lakhs; EBITDA fell 65% to ₹1,911 lakhs.
- US business revenue was nearly halved due to tariff disruptions and West Asia uncertainty.
- Q4 revenue rose 34% to ₹7,375 lakhs, but PAT was just ₹1 lakh after a ₹3.05 cr one-time charge.
Why this matters
The annual numbers confirm that geopolitical headwinds have materially damaged Mamata's core US business. The Q4 sales rebound looks strong until you see the ₹1 lakh PAT. A one-time ₹3.05 crore provisioning hit wiped out what little profit the quarter generated.
What we're watching
- Whether the US business stabilises in FY27 or the tariff impact deepens.
- How quickly new orders, including the first from South Africa, convert to revenue.
- The path back to profitability after the one-time charge and higher exhibition costs.
The full read
Mamata Machinery's FY26 numbers are a study in one market failing while others try to compensate. Revenue fell 8% to ₹23,300 lakhs, but the real damage was to EBITDA, which sank 65% to ₹1,911 lakhs. The culprit was the US business, where revenue was nearly halved by tariffs and regional instability. That pressure layered with rising polymer prices. The fourth quarter offered a sales rebound, with revenue up 34% to ₹7,375 lakhs. But a ₹3.05 crore one-time charge left the quarter with a net profit of ₹1 lakh. Hardly anything. The company did land new business, including a first order from South Africa, and pushed its recyclable film tech. The gap between a sales recovery and a profit recovery remains vast.
Questions answered
- Why did Mamata's profitability collapse in FY26?
- The company's US business revenue fell nearly 50% due to tariff disruptions and uncertainty in West Asia. This was compounded by rising polymer prices, which squeezed margins across the business.
- Q4 revenue jumped 34%. Why was PAT just ₹1 lakh?
- The quarter included a one-time employee benefit provisioning charge of ₹3.05 crore and higher exhibition costs. These items consumed all the operating profit, leaving a ₹1 lakh net result.
- What new orders did the company land?
- Mamata secured a multi-machine VFFS order from a leading Indian snack brand and its first-ever packaging machine order from a customer in South Africa.
- What did Mamata launch at Plastindia?
- The company launched its RecTech technology for fully recyclable mono-material film packaging, a push into sustainable packaging solutions.
Mamata Machinery Ltd.
Latest quarter · Mar 2026
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All notes on MAMATA →- 30 May 2026 · 2:01 PM IST Mamata's US business halved. The annual numbers are ugly.
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