Mutandis: Revenue Jumps 29% in the Third Quarter

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utandis posted consolidated revenue of 764 million dirhams in the third quarter of 2026, up 29% year on year, after 20% in the second.

Over nine months, it reaches 1,725 million dirhams, 16% more than at the end of September 2025. The group says the quarter supports its annual guidance.

Beverages grow 23%, to 237 million, with volumes up 30%: the Ain Ifrane plant, whose output was interrupted in the first quarter of 2025, is back at full capacity.

Seafood weighs 856 million (+18%). A more abundant sardine lifts canned output by 27% in boxes and sales by 52%, while Season gains 10% in the United States and sets a nine-month record.

Hygiene reaches 632 million (+10%), thanks to a new generation of powder and liquid products launched at the end of March. Net bank debt rises to 949 million, against 828 million at the end of 2025, because of rebuilt US inventories.

Photo: Donald Scott Lee, CC BY-SA 4.0.

References:

Mutandis - Communiqué de presse: indicateurs trimestriels au 30 septembre 2026