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Informist, Thursday, Jul. 3, 2025

 

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--Marico: Apr-Jun YoY consol revenue growth in low twenties 
--Marico: Expect modest YoY growth in Apr-Jun operating profit 
--Marico: Expect Apr-Jun gross margin to be under incremental pressure 
--Marico: Expect gross margin pressures to ease from second half of FY26 
--Marico: Demand trends in rural markets improved Apr-Jun 
--Marico: Urban demand trend was steady in Apr-Jun 
--Marico: Apr-Jun India ops volume growth improved QoQ, at multi-qtr high 
--Marico: Intl business grew in high teens in constant currency Apr-Jun 
--Marico: Parachute oil Apr-Jun volumes saw a marginal dip 
--Marico:Parachute brand absorbed substantial price hikes, ml-age reductions 

 

MUMBAI – Marico Ltd. Thursday said its consolidated revenue grew in low twenties on year in the June quarter, marking a strong start for a likely double-digit growth on a full-year basis. The consumer products company also expects modest growth in operating profit from the year-ago period. "...the sector exhibited consistent demand patterns, marked by improving trends in rural markets and steady urban sentiment. We expect gradual improvement in the quarters ahead, supported by easing inflation, a favourable monsoon season and policy stimulus," it said in an exchange filing. 

 

On raw material prices, the company said copra prices continued to witness sequential inflation, which was heightened by unseasonal rainfall patterns. However, vegetable oil prices eased after the reduction in import duty, while crude oil derivatives were rangebound, the company said. As a result, gross margin is expected to see incremental pressure, but is anticipated to ease from the second half of 2025-26 (Apr-Mar). 

 

The fast-moving consumer goods company said its domestic volume continued to improve sequentially to a multi-quarter high, supported by positive trends in core franchises and continuous scale up of new businesses. However, the volume of its Parachute business fell marginally amid hyperinflationary input cost and pricing conditions. Parachute coconut oil's volume had declined 1% on year in the March quarter, but its value had risen 22%. 

 

Saffola Oils saw a healthy high-twenties growth on the back of mid-single digit growth in volume. The brand passed on the benefit of the recent reduction in import duty on vegetable oils to consumers. The company's foods and premium personal care continued its accelerated scale-up to propel diversification, while it saw steady growth in profitability parameters. 

 

Value-added hair oils saw a considerable rise in the pace of recovery and grew in low double digits, supported by sustained traction in its mid and premium segments. "We expect the franchise to maintain a healthy growth momentum through the year, supported by a strategic pivot in investments from trade-led activations to brand building initiatives, as well as enhanced direct reach driven by Project SETU."

 

Its international business grew in high teens in constant currency terms due to broad-based growth across most markets. Its business in Bangladesh continued to be resilient with high-teen constant currency growth, it added. 

 

For the quarter ended March, the company had reported a consolidated net profit of INR 3.43 billion on revenue of INR 27.30 billion. Its shares closed at INR 713.35 Thursday on the National Stock Exchange, up 0.1%.  End

 

Reported by Anjana Therese Antony

Edited by Deepshikha Bhardwaj

 

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