Mangalore (Karnataka) [India]: Mukka Proteins Limited (NSE: MUKKA), India’s leading producer of fish meal, fish oil, and soluble paste, has reported a remarkable post-IPO recovery, posting a 151% year-on-year increase in net profit for the third quarter of FY2024-25. The company’s strong financial performance reflects its ability to navigate global market challenges and capitalize on emerging opportunities.

Q3 FY2024-25 Financial Highlights

· Revenue: ₹308.95 crore (significantly higher than H1 FY2024-25)

· Net Profit: ₹26.26 crore (up 151% YoY)

· Profit Margin: 8.5% (up from 2.0% YoY)

· Earnings Per Share (EPS): ₹0.88 (up from ₹0.48 YoY)

Mukka Proteins' Managing Director and CEO, K Mohammed Haris, attributed the strong performance to the company’s focus on cost-effective production, efficiency improvements, and a diversified customer base. “We have achieved a remarkable recovery while driving sustainable growth despite navigating one of the highest Total Allowable Catch (TAC) limits in Peru, which impacted pricing. As India's largest fish meal and oil producer, we are committed to strengthening our global presence and delivering long-term value to our stakeholders,” Haris said.

The company plans to scale production, expand its product portfolio, and explore new international markets, further solidifying its position in the global food security chain.

Mukka Proteins debuted on the stock market on March 7, 2024, and has since demonstrated resilience amid market fluctuations. The first half of FY2024-25 saw challenges due to delayed fishing quotas in Peru, the world's largest fishmeal producer. However, in Q3, Peru issued one of the highest TAC limits in decades, leading to record-high fish catch volumes. This temporary oversupply caused a decline in global fishmeal prices but provided an opportunity for Mukka Proteins to capitalize on increased availability of raw materials.

Industry reports project that the global Fishmeal and Fish Oil Market, valued at USD 9.27 billion in 2025, is expected to reach USD 16.28 billion by 2030, growing at a CAGR of 11.93% during the forecast period (2025-2030).

About Mukka Proteins Limited

A Three-Star Export House, Mukka Proteins Limited is India’s largest producer of fish meal, fish oil, and soluble paste, playing a crucial role in global food security. The company supplies high-quality protein ingredients to the aquaculture, poultry, and pet food industries worldwide. With a strong domestic and international footprint, Mukka Proteins remains committed to sustainable growth and innovation in animal nutrition. Additionally, the company is pioneering new ventures in the circular economy and alternative proteins, including insect meal and oil derived from black soldier larvae.

For further information, please contact:

Investor Relations
Mukka Proteins Limited
Email: investors@mukkaproteins.com

K Mohammed Haris

Mukka Proteins Limited Posts Record Q3 Performance with 151% Surge in Net Profit