Archive · 18 Jul 2026
Mayur Uniquoters' Export Shift Boosts Profits
Mayur Uniquoters is a company that makes synthetic leather.
For a long time, it was known for steady but not very exciting growth.
Recently, it has started selling more of its products to car companies around the world.
This has made the company more profitable because these global customers pay better prices and buy more.
The company's profits grew by 29% last year, and it plans to invest more to keep growing.
It is also looking to expand overseas.
The company is doing well without taking on much debt, which makes it a strong and healthy business.
Mayur Uniquoters' revenue grew by 10% in FY26, with net profit increasing by 29%.
Exports, particularly to global automobile OEMs, now contribute 42.5% to revenue and are driving profitability.
Operating Profit Margin improved to 24.3% in FY26, with exports generating higher realizations.
The company plans to invest Rs 50 crore in domestic expansion and is evaluating a Rs 300 crore overseas facility.
Mayur Uniquoters remains virtually debt-free, with a strong balance sheet and healthy return ratios.
- Who
- Mayur Uniquoters, a synthetic leather manufacturer
- What
- Shift towards exports, particularly to global automobile OEMs, improving profitability
- When
- Financial Year 2026 (FY26)
- Where
- India, with plans for overseas expansion
- Why
- Better pricing, longer business relationships, and higher quality standards from global OEMs
- Revenue Growth (FY26)
- 10%
- Profit Growth (FY26)
- 29%
- Operating Profit Margin (FY26)
- 24.3%
- Export Contribution to Revenue
- 42.5%
- ROCE (FY26)
- 24.7%
- ROE (FY26)
- 18.4%
- Debt/Equity (FY26)
- 0.01x
- Domestic Capex (FY27)
- Rs 50 crore
- Potential Overseas Capex
- Rs 300 crore