Why did Mukka Proteins share price jump 9% today?

Synopsis:- The stock surged up to 9% after a 300 TPD BSF-based waste project was listed on the Verra Registry, moving closer to carbon credit issuance. Approval to scale capacity to 1,000 TPD strengthened long-term sustainability and carbon-linked income visibility, boosting investor sentiment.

The shares of the prominent animal protein company gained up to 9 percent in today’s trading session after the company achieved a milestone as its 300 TPD BSF waste project in Bengaluru was listed on Verra.

With a market capitalisation of Rs 703.50 crore, the shares of Mukka Proteins Ltd were trading at Rs 23.45 per share, increased around 5 percent as compared to the previous closing of Rs 22.26 apiece.

Carbon Credit Progress

The shares of Mukka Proteins Ltd have seen a bullish movement after the company announced a key milestone in its sustainability journey. Its 300 TPD Black Soldier Fly–based municipal wet-waste processing facility in Bengaluru has been listed on the Verra Registry under Project ID 5893. The listing moves the project closer to earning Verified Carbon Units under the Verra Verified Carbon Standard framework.

Following the Verra Registry listing, the project has entered the mandatory 30-day public comment phase, marking the next step toward carbon credit issuance. Post this period, an accredited agency will carry out on-site validation and prepare the final report under the VCS framework. Currently, VCU eligibility applies only to the operational 300 TPD BSF facility, where performance monitoring and verification are already in progress.

In addition, Mukka Proteins has received approval to scale its wet-waste processing capacity from 300 TPD to 1,000 TPD under Bengaluru’s waste management framework. Structured as a grouped project under the VCS program, each new phase will be validated separately, enabling incremental carbon credit generation. This phased expansion enhances long-term sustainability while creating a steady, scalable source of carbon credit–linked revenues.

Mr Kalandan Mohammed Haris, CEO & MD, Mukka Proteins Limited, said, “The listing of our Bengaluru BSF project on the Verra Registry marks a key advancement in our carbon credit roadmap. While carbon certification is underway for the ongoing 300 TPD operations, our newly approved pathway to scale up to 1,000 TPD positions us to expand this platform significantly over the coming phases. This milestone reinforces our commitment to circular‑economy solutions, climate‑positive waste management, and long‑term value creation through sustainable diversification.”

Carbon credits are a market-based tool designed to reduce pollution and fight climate change. Each credit represents one tonne of carbon emissions avoided or removed through sustainable activities such as renewable energy, waste management, or reforestation. Companies can earn or buy these credits to offset emissions while supporting environmentally responsible projects.

Financial & Other Highlights

The company delivered a standout performance in Q2FY26, with revenue jumping 64% to Rs 244.58 crore, signalling strong business momentum. Profit growth was even more striking, as net earnings surged 368% to  Rs 6.89 crore. This sharp improvement highlights better execution, operating leverage, and stronger demand conditions.

Mukka Proteins Ltd has shown a clear recovery in operating performance. Operating profit improved from  Rs 9.56 crore in Sep 2024 to  Rs 20.27 crore in Sep 2025. At the same time, OPM strengthened from 6.41% to 8.29%, indicating better cost control and improved core business efficiency.

Mukka Proteins Ltd is an Indian animal protein manufacturer focused on fish-based products for aquaculture and livestock feed. With multiple plants across Gujarat and Karnataka, the company serves both domestic and global markets, supplying to several countries across Asia and the Middle East.

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