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Informist, Thursday, Apr. 2, 2026

 

--Marico:India business saw high single-digit underlying volume growth in Q4

--Marico: Consolidated revenue grew in low twenties on year in Jan-Mar

--Marico: Confident in delivering healthy volume-led sales growth in FY27

--Marico: Expect gradual improvement in consumption trends in coming qtrs

--Marico: Expect operating profit in Jan-Mar to rise YoY in double digits

--Marico: Expect operating profit in Jan-Mar to rise sequentially

--Marico: Parachute brand recorded low single-digit volume growth in Q4

--Marico: Expect sequential rise in Q4 gross margin on lower copra prices

--Marico: Expect copra prices to be rangebound after 35?ll from peak

--Marico:Took selective pricing actions in Parachute amid low copra prices

--Marico: Expect pickup in volume growth for Parachute brand over FY27

--Marico: International ops Q4 growth in high teens in constant currency

 

KOLKATA - Marico Ltd. Thursday said its consolidated revenue for the March quarter grew in the low twenties year-on-year, which led the company to achieve its aspirational mid-twenties growth in 2025-26 (Apr-Mar).

 

"This performance was underpinned by top-quartile volume growth, a robust recovery in VAHO (value added hair oils), formidable equity and pricing power of our core franchises, visible advancement of our profitable diversification journey and strong momentum in the international business," Marico said in a business update to the bourses. "With the building blocks of sustainable growth firmly in place, we remain confident of delivering healthy volume-led revenue growth in FY27," it said.

 

Marico said the fast-moving consumer goods sector witnessed stable demand conditions and it remains hopeful of a gradual improvement in consumption trends in the quarters ahead. However, it will keep an eye on the macroeconomic impact of the evolving geopolitical situation in West Asia in wake of US-Israel's invasion of Iran and the resulting fallout. Marico sells its products in West Asia and North Africa which is one of its key international markets.

 

In the March quarter, Marico's business in India sustained high single-digit underlying volume growth, with a slight sequential improvement. Parachute continued to showcase resilience and the strength of its franchise, as the brand took selective pricing actions to pass on value to consumers amid easing copra prices, Marico said in the business update.

 

"The brand (Parachute) recorded low single-digit volume growth after normalising for ml-age (millilitre) reductions. We expect the brand to deliver a gradual pickup in volume growth over the course of FY27," Marico said.

 

The Saffola oils portfolio recorded high single-digit revenue growth driven by improving volume traction, and value added hair oils continued to register a quarterly growth in the twenties, the company said.

 

The company's foods portfolio registered value growth in high teens, marking a progressive move towards an accelerated growth trajectory. Premium Personal Care continued to scale ahead of aspirations, thereby sustaining the pace of diversification.

 

"Having touched the twenties growth mark in this year, we remain confident of delivering double-digit growth in FY27 and over the medium term, supported by our strategic focus on the mid and premium segments of the portfolio, enhanced direct reach through Project SETU, differentiated innovation pipeline and improved affordability due to the GST rate rationalisation," Marico said.

 

The international business registered a constant currency growth in the high teens and each market contributed positively towards growth, Marico said. However, West Asia was impacted by the ongoing geopolitical headwinds in March, the company said.

 

Among key inputs, copra prices corrected 35% in the March quarter from their peak and are expected to be range-bound in the coming months.

 

"While vegetable oils and crude-sensitive materials exhibit a pronounced upward bias, we will continue to judiciously exercise the pricing power of our franchises to alleviate the impact of the same, while maintaining assured availability of crude-linked inputs," Marico said.

 

The company said it expects a sequential improvement in gross margin, driven by easing copra prices and expects a double-digit operating profit growth in the March quarter, with a sequential improvement in growth.

 

Marico said it maintains its aspiration of delivering sustainable and profitable volume-led growth over the medium term, enabled by the strengthening brand equity of its core franchises and scale up of new engines of growth across markets.

 

On the National Stock Exchange, shares of Marico closed 2.3% higher at INR 761.35.  End

 

Reported by Avishek Rakshit

Edited by Ashish Shirke

 

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