Mukka Proteins posts record Q3 FY26 growth as diversification drives expansion
K N Mishra
13/Feb/2026
What's covered under the Article:
-
Mukka Proteins Limited reported Q3 FY26 revenue of ₹653.50 crore, more than doubling YoY, driven by strong global demand for fishmeal and improved pricing environment.
-
The company secured a ₹474.89 crore Bengaluru leachate treatment order, marking strategic diversification into large-scale environmental solutions and waste-to-value infrastructure.
-
Sustainability initiatives strengthened with Verra-listed carbon credit projects, expansion approvals for 1,000 TPD capacity, and continued focus on operational efficiency growth.
Mukka Proteins Limited Q3 FY26 Results highlight a significant growth phase for the company as it continues to scale operations, diversify into sustainability-led environmental solutions, and strengthen its position in global fishmeal and fish oil markets. The latest Mukka Proteins Limited latest news demonstrates how strategic investments, improved market conditions, and diversification initiatives have contributed to a strong financial performance during the third quarter and nine months ended December 31, 2025.
The Mukka Proteins Q3 FY26 earnings India announcement reveals that the company delivered a sharp increase in revenue and stable profitability despite margin pressures arising from fluctuating input costs and expansion-related investments. The company’s performance reflects the strengthening global demand environment for fishmeal products and a favourable pricing cycle, supported by supply shortages in certain international markets.
Strong Revenue Momentum in Q3 FY26
A key highlight of the Mukka Proteins revenue growth FY26 report is the substantial jump in revenue from operations, which stood at ₹653.50 crore in Q3 FY26, marking a 115.57% year-on-year increase. On a quarter-on-quarter basis, revenue rose sharply as well, reflecting a rapid improvement in volumes and pricing. This impressive growth indicates the company’s successful strategy of scaling production, strengthening supply chain capabilities, and tapping export markets across more than 25 countries.
The revenue surge also reflects improving conditions in the global aquaculture feed market, where fishmeal continues to remain an essential ingredient. Tight global supply conditions contributed to higher prices, benefiting producers such as Mukka Proteins Limited that maintain reliable sourcing and strong processing infrastructure. The company’s strategic manufacturing locations along coastal regions have enabled better raw material access and operational efficiency, further supporting growth.
Profitability and Margin Performance
In terms of profitability, EBITDA for Q3 FY26 stood at ₹53.21 crore, reflecting a healthy increase compared to the previous quarter and a moderate rise compared to the same period last year. EBITDA margins were recorded at 8.14%, lower than the previous year primarily due to the expanded revenue base, pricing fluctuations, and increased operational expenses related to capacity expansion and diversification initiatives.
Profit After Tax (PAT) for the quarter was ₹27.25 crore, reflecting steady profitability and demonstrating the company’s ability to maintain earnings stability even during phases of heavy investment and operational scaling. The PAT growth also indicates disciplined cost control measures and operational optimisation initiatives implemented by the management.
Over the nine-month period, the company reported strong cumulative growth, reflecting sustained demand for its core products and the positive impact of strategic initiatives launched over the past two years.
Strategic Diversification into Environmental Solutions
One of the most important developments highlighted in the Mukka Proteins Limited Q3 FY26 results announcement is the company’s continued diversification into sustainability-focused environmental solutions. The company received a ₹474.89 crore contract for the scientific treatment of legacy leachate, marking a major step forward in the Mukka Proteins ₹474.89 crore order Bengaluru leachate treatment segment.
This project represents a first-of-its-kind initiative for the company and demonstrates its capability to apply waste-to-value technologies in large-scale municipal environmental infrastructure. The order also strengthens the company’s presence in the waste management and environmental engineering sector, opening new long-term revenue streams that complement its traditional fishmeal business.
Diversification into environmental solutions is a strategic move that aligns with global sustainability trends, increasing regulatory focus on waste management, and the growing need for advanced treatment technologies across urban centres. The successful execution of such projects could significantly enhance the company’s future earnings visibility and business stability.
Strengthening Sustainability and Carbon Credit Portfolio
Another major highlight in the Mukka Proteins Limited latest news is the company’s progress in expanding its sustainability initiatives. The firm’s 300 TPD wet-waste processing operations, driven by black soldier fly (BSF) technology, have now been listed on the Verra Registry, enabling the company to move toward carbon credit issuance.
Carbon credit generation represents an additional revenue opportunity that complements operational income while strengthening the company’s environmental, social, and governance (ESG) credentials. The approval for incremental expansion of 1,000 TPD capacity further reinforces the company’s long-term sustainability strategy and positions it as an emerging player in circular-economy solutions.
These initiatives highlight how Mukka Proteins Limited is evolving beyond a traditional fishmeal producer into a diversified sustainability-focused company operating at the intersection of agriculture, aquaculture, waste management, and environmental services.
Expansion Through Strategic Investments
The company also continued its strategic expansion strategy through acquisitions and increased ownership stakes in key subsidiaries, strengthening integration across its operations. By moving toward full ownership in certain subsidiaries, the company aims to streamline decision-making, improve operational coordination, and unlock synergies across production, processing, and distribution networks.
Such strategic investments help improve scale efficiencies and enhance long-term profitability potential. As the company continues to expand globally, integrated operations will play a crucial role in maintaining cost competitiveness and ensuring consistent product quality for international customers.
Industry Outlook and Market Opportunities
The fishmeal industry India news Mukka Proteins context indicates that the sector is expected to remain strong over the coming years due to increasing demand for aquaculture feed, animal nutrition, and specialty proteins. With rising global seafood consumption, aquaculture production continues to expand, driving steady demand for fishmeal and fish oil.
Supply constraints in certain fishing regions have tightened global availability, resulting in improved pricing conditions. Companies with efficient procurement networks and strong processing capabilities are likely to benefit from these conditions, and Mukka Proteins Limited is positioned favourably due to its scale, geographic reach, and infrastructure.
Furthermore, the integration of sustainability initiatives such as waste-to-value processing and carbon credit generation provides the company with additional growth avenues that are less dependent on traditional commodity cycles.
Financial Market Perspective
From an investor standpoint, Mukka Proteins stock news India reflects growing interest in companies that combine strong core businesses with sustainability-led diversification. The company’s consistent revenue growth, expanding order book, and environmental solutions portfolio are likely to strengthen investor confidence in its long-term growth trajectory.
The recent performance demonstrates that Mukka Proteins Limited is successfully transitioning into a multi-segment organisation capable of generating diversified revenue streams. This transformation reduces reliance on any single business segment and enhances resilience against industry-specific volatility.
Long-Term Growth Strategy
Looking ahead, Mukka Proteins Limited aims to sustain its growth trajectory through multiple strategic pillars. These include expanding global export markets, increasing production capacity, strengthening backward integration in raw material sourcing, and scaling environmental solutions businesses. Continued focus on cost optimisation initiatives and operational efficiency is expected to improve profitability over time, especially as new projects achieve operational maturity.
The company’s strategy reflects a balanced approach that combines core business expansion with new sustainability-driven ventures. Such diversification ensures stable revenue generation while aligning the organisation with global environmental priorities and emerging regulatory frameworks.
Sustainability-Led Competitive Advantage
One of the defining elements of the company’s growth model is the integration of sustainability into its operational strategy. Waste-to-value processing, carbon credit generation, and environmental engineering projects are becoming increasingly important contributors to long-term competitiveness. These initiatives not only create additional revenue streams but also enhance brand value and customer trust in international markets where sustainability standards are increasingly stringent.
By investing early in environmental technologies and circular-economy solutions, Mukka Proteins Limited is positioning itself as a forward-looking company capable of meeting evolving global industry requirements.
Conclusion
Overall, the Mukka Proteins Limited Q3 FY26 results underline a period of accelerated growth, strategic diversification, and strengthening sustainability leadership. The combination of strong revenue expansion, environmental solutions diversification, carbon credit initiatives, and global market presence provides the company with a robust foundation for long-term growth.
As the global aquaculture and environmental services markets continue to expand, Mukka Proteins Limited appears well positioned to capitalise on emerging opportunities while maintaining stable financial performance. The company’s ability to scale operations, execute large infrastructure projects, and integrate sustainability into its business model is expected to drive sustained value creation in the coming years, making it a closely watched player in both the protein processing and environmental solutions sectors.
Join our Telegram Channel for Latest News and Regular Updates.
Start your Mutual Fund Journey by Opening Free Account in Asset Plus.
Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.
Related News
Disclaimer
The information provided on this website is for educational and informational purposes only and should not be considered as financial advice, investment advice, or trading recommendations.
Trading in stocks, forex, commodities, cryptocurrencies, or any other financial instruments involves high risk and may not be suitable for all investors. Prices can fluctuate rapidly, and there is a possibility of losing part or all of your invested capital.
We do not guarantee any profits, returns, or outcomes from the use of our website, services, or tools. Past performance is not indicative of future results.You are solely responsible for your investment and trading decisions. Before making any financial commitment, it is strongly recommended to consult with a qualified financial advisor or do your own research.
By accessing or using this website, you acknowledge that you have read, understood, and agree to this disclaimer. The website owners, partners, or affiliates shall not be held liable for any direct or indirect loss or damage arising from the use of information, tools, or services provided here.