Manorama Industries Limited has formed a wholly-owned subsidiary in Brazil, marking its strategic foray into the Latin American region. The announcement on March 26, 2025, follows the company's recent setting up of subsidiaries in Africa and the UAE.
Main points:
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Manorama Industries Limited has formed a wholly-owned subsidiary in Brazil, marking its strategic foray into the Latin American region. The announcement on March 26, 2025, follows the company's recent setting up of subsidiaries in Africa and the UAE.
Main points:
1.New subsidiary is Manorama Latin America LTDA
2.First investment of BRL 6,000,000 (around ₹100 million)
3.Seeks to serve increasing demand for Cocoa Butter Equivalents (CBE) in Latin America
4.Comes after successful upgrade of fractionation capacity to 40,000 TPA in July 2024
Ekta Soni, a spokesperson for the company, said, "Brazil and Latin America are an important market for our products. This presence will enable us to engage more closely with our valued customers and access new possibilities in the region."
The expansion is in line with Manorama Industries' continued strong growth, as Q2 FY2025 profits jumped to ₹26.71 crores. The strategic actions of the company, such as capacity expansion and geographical diversification, are anticipated to propel its ambitious FY2025 revenue goal of ₹750+ crores.
Sources: Manorama Industries Regulatory Filing, MarketScreener, Angel One, March 26, 2025Manorama Industries Limited has formed a wholly-owned subsidiary in Brazil, marking its strategic foray into the Latin American region. The announcement on March 26, 2025, follows the company's recent setting up of subsidiaries in Africa and the UAE.
Main points:
1.New subsidiary is Manorama Latin America LTDA
2.First investment of BRL 6,000,000 (around ₹100 million)
3.Seeks to serve increasing demand for Cocoa Butter Equivalents (CBE) in Latin America
4.Comes after successful upgrade of fractionation capacity to 40,000 TPA in July 2024
Ekta Soni, a spokesperson for the company, said, "Brazil and Latin America are an important market for our products. This presence will enable us to engage more closely with our valued customers and access new possibilities in the region."
The expansion is in line with Manorama Industries' continued strong growth, as Q2 FY2025 profits jumped to ₹26.71 crores. The strategic actions of the company, such as capacity expansion and geographical diversification, are anticipated to propel its ambitious FY2025 revenue goal of ₹750+ crores.
Sources: Manorama Industries Regulatory Filing, MarketScreener, Angel One, March 26, 2025Manorama Industries Limited has formed a wholly-owned subsidiary in Brazil, marking its strategic foray into the Latin American region. The announcement on March 26, 2025, follows the company's recent setting up of subsidiaries in Africa and the UAE.
Main points:
1.New subsidiary is Manorama Latin America LTDA
2.First investment of BRL 6,000,000 (around ₹100 million)
3.Seeks to serve increasing demand for Cocoa Butter Equivalents (CBE) in Latin America
4.Comes after successful upgrade of fractionation capacity to 40,000 TPA in July 2024
Ekta Soni, a spokesperson for the company, said, "Brazil and Latin America are an important market for our products. This presence will enable us to engage more closely with our valued customers and access new possibilities in the region."
The expansion is in line with Manorama Industries' continued strong growth, as Q2 FY2025 profits jumped to ₹26.71 crores. The strategic actions of the company, such as capacity expansion and geographical diversification, are anticipated to propel its ambitious FY2025 revenue goal of ₹750+ crores.
Sources: Manorama Industries Regulatory Filing, MarketScreener, Angel One, March 26, 2025Manorama Industries Limited has formed a wholly-owned subsidiary in Brazil, marking its strategic foray into the Latin American region. The announcement on March 26, 2025, follows the company's recent setting up of subsidiaries in Africa and the UAE.
Main points:
1.New subsidiary is Manorama Latin America LTDA
2.First investment of BRL 6,000,000 (around ₹100 million)
3.Seeks to serve increasing demand for Cocoa Butter Equivalents (CBE) in Latin America
4.Comes after successful upgrade of fractionation capacity to 40,000 TPA in July 2024
Ekta Soni, a spokesperson for the company, said, "Brazil and Latin America are an important market for our products. This presence will enable us to engage more closely with our valued customers and access new possibilities in the region."
The expansion is in line with Manorama Industries' continued strong growth, as Q2 FY2025 profits jumped to ₹26.71 crores. The strategic actions of the company, such as capacity expansion and geographical diversification, are anticipated to propel its ambitious FY2025 revenue goal of ₹750+ crores.
Sources: Manorama Industries Regulatory Filing, MarketScreener, Angel One, March 26, 2025Manorama Industries Limited has formed a wholly-owned subsidiary in Brazil, marking its strategic foray into the Latin American region. The announcement on March 26, 2025, follows the company's recent setting up of subsidiaries in Africa and the UAE.
Main points:
1.New subsidiary is Manorama Latin America LTDA
2.First investment of BRL 6,000,000 (around ₹100 million)
3.Seeks to serve increasing demand for Cocoa Butter Equivalents (CBE) in Latin America
4.Comes after successful upgrade of fractionation capacity to 40,000 TPA in July 2024
Ekta Soni, a spokesperson for the company, said, "Brazil and Latin America are an important market for our products. This presence will enable us to engage more closely with our valued customers and access new possibilities in the region."
The expansion is in line with Manorama Industries' continued strong growth, as Q2 FY2025 profits jumped to ₹26.71 crores. The strategic actions of the company, such as capacity expansion and geographical diversification, are anticipated to propel its ambitious FY2025 revenue goal of ₹750+ crores.
Sources: Manorama Industries Regulatory Filing, MarketScreener, Angel One, March 26, 2025Manorama Industries Limited has formed a wholly-owned subsidiary in Brazil, marking its strategic foray into the Latin American region. The announcement on March 26, 2025, follows the company's recent setting up of subsidiaries in Africa and the UAE.
Main points:
1.New subsidiary is Manorama Latin America LTDA
2.First investment of BRL 6,000,000 (around ₹100 million)
3.Seeks to serve increasing demand for Cocoa Butter Equivalents (CBE) in Latin America
4.Comes after successful upgrade of fractionation capacity to 40,000 TPA in July 2024
Ekta Soni, a spokesperson for the company, said, "Brazil and Latin America are an important market for our products. This presence will enable us to engage more closely with our valued customers and access new possibilities in the region."
The expansion is in line with Manorama Industries' continued strong growth, as Q2 FY2025 profits jumped to ₹26.71 crores. The strategic actions of the company, such as capacity expansion and geographical diversification, are anticipated to propel its ambitious FY2025 revenue goal of ₹750+ crores.
Sources: Manorama Industries Regulatory Filing, MarketScreener, Angel One, March 26, 2025
