More Stories

Informist, Tuesday, May 5, 2026

 

Please click here to read all liners published on this story

--Marico Jan-Mar consol net profit INR 3.91 bln
--Analysts saw Marico Jan-Mar consol net profit at INR 3.88 bln 
--Marico Jan-Mar consol revenue INR 33.33 bln 
--Analysts saw Marico Jan-Mar consol revenue at INR 33.20 bln 
--Marico Jan-Mar consol net profit INR 3.91 bln vs INR 3.43 bln year ago 
--Marico Jan-Mar consol revenue INR 33.33 bln vs INR 27.30 bln year ago 
--Marico Jan-Mar consol advt expense INR 3.20 bln vs INR 3.05 bln year ago 
--Marico Q4 consol cost of materials INR 15.78 bln vs INR 10.33 bln yr ago 
--Marico to pay INR 4 per share final dividend 
--Marico final dividend record date is Jul 30 
--Marico FY26 consol net profit INR 17.62 bln vs INR 16.29 bln year ago 
--Marico FY26 consol revenue INR 136.11 bln vs INR 108.31 bln year ago 
--Marico Jan-Mar India revenue INR 25.05 bln vs INR 20.68 bln year ago 
--Marico Jan-Mar international revenue INR 8.28 bln vs INR 6.62 bln yr ago 
--Marico Jan-Mar consol EBITDA INR 5.21 bln vs INR 4.58 bln year ago 
--Marico Jan-Mar consol EBITDA margin 15.6% vs 16.8% year ago 
--Marico: Expect high single digit volume growth for India ops in FY27 
--Marico:Expect consol sales to grow in double digit, cross INR 150 bln FY27 
--Marico: Expect EBITDA to grow in high teens in FY27 
--Marico:Expect intl business to grow in mid teens in constant currency FY27 
--Marico Jan-Mar domestic volume grew 9% on year 
--Marico Jan-Mar international ops grew 19% in constant currency terms 
--Marico Jan-Mar Parachute coconut oil volume fell 1% on year 
--Marico Jan-Mar Parachute coconut oil value grew 29% on year 
--Marico Jan-Mar Saffola edible oil volume grew in mid single digit 
--Marico Jan-Mar Saffola edible oil value grew 8% on year 
--Marico value-added hair oils grew 26% in value terms in Jan-Mar 
--Marico: Expect to scale up premium, digital portfolio in FY27 
--Marico: Reducing exposure to commodity-linked portfolios in India, overseas 
--Marico: Expect Parachute oil volumes to pick up from Q1 on easing prices 
--Marico: To leverage franchises' pricing power to mitigate high input cost 
--Marico: Don't see major supply chain disruption due to West Asia conflict 
--Marico: Will hike prices if crude-linked input costs remain high 
--Marico:Lower copra prices to help offset impact of higher crude-linked cost 

 

By Avishek Rakshit

 

KOLKATA – Even as Marico Ltd.'s consolidated net profit for the March quarter hit a six-quarter high, as expected by analysts, the fast-moving consumer goods giant saw its revenue growing at its slowest pace in the last four quarters on a year-on-year basis. At the same time, its domestic volume growth for the year ended March rose to a seven-year high.

 

The company's consolidated revenue from operations increased over 22% on year to over INR 33 billion in Jan-Mar, and consolidated net profit increased around 14% on year to INR 3.9 billion, both marginally ahead of the Street's estimate. 

 

In an earnings presentation submitted to the bourses, Marico said that tailwinds from lower goods and services tax rates enhanced affordability of products which aided overall demand revival in the March quarter, while rangebound inflation also enhanced the real purchasing power of consumers. As a result, the company reported a 9% onvolume growth in India during the quarter, backed by 19% on-year growth in international sales, in constant currency terms, which aided the consolidated revenue growth. 

 

Marico registered price-led revenue growth across all its product ranges in the March quarter. Revenue from the Parachute brand of coconut oil, which typically accounts for 36% of the company's domestic sales, grew 29% in the March quarter, although its sales volume declined 1%. The Saffola range of edible oils, which accounts for 17% of domestic revenue, registered an 8% value growth and mid-single digit volume growth in India. Revenue from value-added hair oils, which contribute 18% to Marico's sales in India, grew 26% on year in the March quarter. This segment's market share rose by 100 basis points in Jan-Mar.

 

As a result, the company's revenue in India grew over 21% on year to a little over INR 25 billion in the March quarter and revenue from international sales grew 25% on year to over INR 8 billion. 

 

However, following the rise in commodity costs and global disruptions in supply chains as a fallout of US-Israel's war on Iran and the blockade in the Strait of Hormuz, Marico's cost of materials rose sharply by around 53% on year to nearly INR 16 billion during the quarter. 

 

Although the company increased prices in the March quarter to stave off margin pressures, its earnings before interest, tax, depreciation, and amortisation margins took a hit, falling to 15.6% from 16.8% in the year-ago quarter. In absolute terms, its EBITDA increased to INR 5.2 billion as against INR 4.6 billion in the year-ago quarter.  

 

Gross margins improved by 140 basis points on a sequential basis owing to progressive easing of copra prices, but was down 360 bps on year. Despite significant input cost pressures, the company continued to spend on advertising and promotions, whose expenses increased 5% on year. 

 

For 2025-26 (Apr-Mar), Marico's volume growth stood at 8%, the highest in seven years, and international sales grew 20% on year in constant currency terms – the highest in 14 years. As a result, Marico reported a 26% on-year consolidated revenue growth at over INR 136 billion in FY26 – the highest in 14 years. The consolidated net profit increased over 8% on year to nearly INR 18 billion in FY26.

 

Marico will pay a final dividend of INR 4 per share with the record date being Jul. 30.

 

FY27 OUTLOOK 

Marico said it expects to sustain high-single digit volume growth in India and deliver mid-teen constant currency growth in global sales, driven by broad-based performance across key markets. These two factors, Marico hopes, will help the company cross the INR 150 billion consolidated sales threshold in FY27 with double-digit revenue growth. 

 

"As we look ahead, we remain committed to achieving competitive, top quartile outcomes in FY27, while steadfastly advancing towards our bold vision of surpassing INR 20,000 crores (INR 200 billion) in revenue by FY30," Saugata Gupta, managing director and chief executive officer, said in a statement.

 

The company is targeting EBITDA growth in high teens for the current financial year, subject to stability in macro-economic conditions. As a key strategy to realise the EBITDA growth aspiration, Marico is reducing exposure to commodity-linked portfolios in India and overseas markets, and at the same time, plans to increase the range and sales of premium personal care and digital-native brands. 

 

For instance, premium and digital-native products accounted for 27% of Marico's sales in FY20, but it has now risen to 37% in FY26. The company is targeting to expand this share to 44% of total sales in FY27, and by FY30, such products are set to comprise 50% of total sales. 

 

Digital-native products refer to products which are launched online first or are available mostly online. 

 

Among key inputs, copra prices have corrected 35% from peak levels and are expected to remain rangebound in the coming months, Marico said in the statement. However, vegetable oils and other crude-linked inputs continue to exhibit an inflationary bias, following the ongoing geopolitical developments in West Asia. 

 

Accordingly, we will continue to prudently leverage the pricing power of our franchises to mitigate input cost pressures, while maintaining adequate positions of crude-sensitive raw materials, Marico said in the statement. 

 

The company expects Parachute oil volumes to pick up from the June quarter onwards on the back of easing consumer prices, formidable equity of the brand and robust distribution capabilities. Marico expects volumes of the Saffola brand of edible oils to remain steady in the current financial year, while sustaining threshold margins and implementing necessary pricing adjustments to offset any cost escalations. 

 

Tuesday, shares of Marico closed around 3% higher at INR 807.20 on the National Stock Exchange. The company declared its results for the quarter and year ended March during market hours.  End 

 

Edited by Tanima Banerjee

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.