Manaksia Coated Metals & Industries Ltd has greenlit an amalgamation scheme with JPA Snacks Pvt Ltd, signaling a strategic diversification into consumer goods. The merger aims to leverage JPA’s distribution network and brand equity to complement Manaksia’s manufacturing capabilities.
Key Highlights:
- The board approved the merger on July 22, 2025, pending regulatory and shareholder nod
- JPA Snacks specializes in packaged foods and holds a strong presence in Tier 2 and Tier 3 cities
- The move is expected to unlock synergies in packaging, logistics, and retail partnerships
Financial Performance – June Quarter FY26:
- Consolidated revenue from operations stood at ₹2.5 billion, reflecting stable demand across coated metal segments
- Net profit rose to ₹140.1 million, supported by improved margins and cost optimization
- EBITDA margin expanded to 9.71%, driven by higher capacity utilization and export orders
- The company maintained a healthy order book in galvanized and Alu-Zinc coated steel
Strategic Outlook:
- Management expects the merger to contribute positively to topline growth in H2FY26
- Focus remains on expanding export markets and enhancing product mix for margin resilience
Sources: Economic Times, Trendlyne, Investing.com, Tickertape, BlinkX.