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Informist, Friday, Jan. 2, 2026

 

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--Marico: Oct-Dec YoY consol revenue growth in high twenties 
--Marico: India ops Q3 underlying volume growth remained in high single digit 
--Marico: Value added hair oils segment grew in twenties in Oct-Dec 
--Marico: Intl business grew in early twenties in constant currency in Q3 
--Marico: Expect Oct-Dec operating profit YoY growth to touch double digits 
--Marico: Copra prices dn 30% from highs, downward bias likely in mos ahead 
--Marico: Gross margin seen improving in coming qtrs on lower copra costs

 

MUMBAI – Marico Ltd. Friday said its consolidated revenue growth on a year-on-year basis stood in the high twenties for the December quarter and the company is likely to achieve its full year aspiration. The underlying volume growth in the India business remained in high single digits in the reporting quarter, while witnessing a slight improvement on a quarter-on-quarter basis, the company said in the exchange filing. 

 

Marico's International business maintained a robust momentum with constant currency growth in the early twenties in the December quarter, with Bangladesh being the front-runner, while Vietnam and South Africa bounced back to double-digit growth on the back of targeted initiatives. 

 

Talking about its India business, the company said Parachute continued to demonstrate stellar resilience amid elevated input cost and pricing conditions. The brand recorded a marginal volume decline but was in positive territory after normalising for size reductions in lieu of price increases. Saffola Oils witnessed a muted quarter, while prior pricing actions anniversarised in this quarter. 

 

The value added hair oils segment grew in the twenties, reinforcing sustained traction in the franchise and the company will likely maintain the double-digit growth momentum in this franchise over the near and medium term, supported by the strategic focus in the mid and premium segments of the portfolio, enhanced direct reach driven by Project SETU and the recent goods and services tax rate rationalisation. Project SETU is an initiative by the company aimed at strengthening and expanding its direct distribution network in a three-year phased plan from 2023-24 (Apr-Mar) to FY27. The initiative was launched in March quarter in FY25.

 

Marico added that copra prices corrected 30% from the highs and are expected to exhibit a downward bias in the coming months, followed by the flush season. The company expects an uptick in gross margin on a sequential basis, after bottoming out in the previous quarter and it anticipates further gross margin improvement in the upcoming quarters, driven by the lagged pass-through of lower copra costs. The company also said its operating profit growth is likely touch double digits on a year-on-year basis. 

 

For the September quarter, Marico reported consolidated net profit of INR 4.20 billion on revenues of INR 34.82 billion. Friday, its shares closed 0.4% lower at INR 757.75 on the National Stock Exchange.  End

 

Reported by P. Madhu Kumar

Edited by Akul Nishant Akhoury

 

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