At a glance
Mutandis makes detergents and hygiene products, canned sardines and beverages in Morocco, and canned fish sold in the US under the Season brand. The group also holds a stake in CFG Bank.
History
Mutandis was founded in 2008 to bring together everyday consumer goods businesses. It operates in detergents, seafood and fruit juices, in Morocco and for export. It has been listed on the Casablanca Stock Exchange since December 2018.
Latest published results
In the first half of 2026, revenue rose 7% to MAD 962 million, with second-quarter sales up 20%. EBITDA fell to MAD 153 million from MAD 163 million because of higher input costs. Recurring net income from industrial activities dropped to MAD 33 million.
What to watch
The target of broadly stable EBITDA of about MAD 315 million in 2026, and the planned majority stake in Enosis.
Key dates
- 2008
Company founded.
- 2018
IPO announced on 16 November, first listing in December.
- 2026
New generation of hygiene products launched; strong sales growth at US subsidiary Season through Costco.
Sources: Boursenews, Mutandis : résultat, EBE et prévisions 2026, September 7, 2026; African Markets, fiche société Mutandis SCA, October 29, 2026; TelQuel, IPO : Mutandis, un rêve de Bourse qui vient de loin, November 23, 2018.
Profile updated on October 29, 2026.