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Informist, Tuesday, Aug. 4, 2026

 

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--Marico Apr-Jun consol net profit INR 6.30 bln
--Analysts saw Marico Apr-Jun consol net profit at INR 5.82 bln
--Marico Apr-Jun consol revenue INR 39.57 bln
--Analysts saw Marico Apr-Jun consol revenue at INR 39.38 bln
--Marico Apr-Jun consol net profit INR 6.3 bln vs INR 5.04 bln year ago
--Marico Apr-Jun consol revenue INR 39.57 bln vs INR 32.21 bln year ago
--Marico Apr-Jun consol advt expense INR 3.27 bln vs INR 2.61 bln yr ago
--Marico Q1 consol cost of materials INR 17.51 bln vs INR 11.84 bln yr ago
--Marico Apr-Jun India consol revenue INR 30.03 bln vs INR 24.83 bln year ago
--Marico Apr-Jun international consol revenue INR 9.54 bln vs INR 7.38 bln yr ago
--Marico Apr-Jun domestic volume grew 11% on year
--Marico Apr-Jun international ops grew 15% in constant currency terms
--Marico: Q1 domestic volume growth of 11% is highest in 20 quarters
--Marico Apr-Jun consol EBITDA INR 8.19 bln vs INR 6.55 bln year ago
--Marico Apr-Jun consol EBITDA margin 20.7% vs 20.3% year ago
--Marico Apr-Jun Parachute coconut oil volume grew 10% on year
--Marico: Apr-Jun Parachute coconut oil value grew 23% on year
--Marico Apr-Jun Saffola edible oil value grew 7% on year
--Marico: Saffola edible oil volume fell in high single digit YoY in Apr-Jun
--Marico value-added hair oils grew 22% in value terms in Apr-Jun
--Marico: Passed on value to Parachute consumers amid easing copra prices
--Marico: Edible oil volume dn Q1 as rationalised supply of some variants

 

By Ruchira Kagita 

 

MUMBAI – Marico Ltd. reported an on-year rise in consolidated net profit for the June quarter, taking it well above analysts' expectations. Its top line for the quarter was in line with the Street's view. The company's earnings before interest, taxes, depreciation, and amortisation rose despite a rise in cost of raw materials consumed and advertising expenses. The EBITDA margin also expanded on a year-on-year basis. While the company's Parachute coconut oil business grew in volume and value, its volumes from the edible oils vertical fell.

 

The fast-moving consumer goods major's consolidated net profit jumped 25% to INR 6.30 billion from INR 5.04 billion in the corresponding quarter a year ago. The profit for the period grew despite a slight decline in the company's other income by about 14% on year to INR 480 million. Analysts had pegged the profit at INR 5.82 billion, which is more than 8% lower than the actual profit that the company reported. This is the company's best-ever profit growth in 29 quarters. 

 

The company's revenue from operations rose 23% on year to INR 39.57 billion. The Street had pencilled in the revenue at INR 39.38 billion. Sales from its India business rose 21% to INR 30.03 billion and those from its international division were up over 29% at INR 9.54 billion. Marico's international sales made up around 24% of its overall revenue.

 

The international business of the company grew 15% on year in constant currency terms. This growth was driven by outperformance in Vietnam and in the West Asia and North Africa market. Sales from Vietnam increased 27% in constant currency and those from West Asia and North Africa grew 24% in the June quarter. The Persian Gulf region and Egypt posted strong performance for the quarter, according to the company. Revenues from Bangladesh inched up 4% from a year ago on a high base, it said. 

 

The company's domestic volumes went up 11% for the quarter under review, against 9% a year ago. The Parachute coconut oil brand grew 10% on year in volume terms and 23% in value. The brand's volume growth was the highest in 20 quarters, according to the company. This growth came even as the company passed on benefits of lower copra prices to its customers. The brand also gained 400 basis points in market share to reach a new high of 59% volume market share, Marico said in its investor presentation.

 

The company's Saffola edible oil brand reported 7% growth in revenue for the June quarter, but its volumes fell in the high single digit. The decline in edible oil volumes was due to rationalised supply of select variants to maintain threshold profitability in the trade-off with volume growth. Selective price increases in this segment also likely curtailed volumes.

 

The consumer giant's value-added hair oils segment reported 22% year-on-year growth in value. The market share of this business went up by 80 bps, the company said. A strong performance across key franchises, enhanced distribution, brand investments and portfolio expansion drove this growth, according to Marico.

 

The rise in Marico's total expenses for the quarter ended June was similar to that in its total revenue. Total expenditure rose almost 23% on year to INR 32.15 billion. The cost of raw materials, which makes up most of the company's spending, climbed 48% to INR 17.51 billion. The company's advertising-linked expenses increased the most in five quarters by over 25% to INR 3.27 billion.

 

Copra prices fell 29% on year as of Jun. 30 while those of rice bran oil went up 23%, liquid paraffin 97%, and high-density polyethylene 65%. Prices of vegetable oils remained high, the company said, adding that copra prices are expected to be rangebound with a slightly upward bias.

 

Despite the increase in its expenses and the pass-on of lower copra prices to its customers, Marico's consolidated EBITDA climbed 25% on year for the three months ended June to INR 8.19 billion and its EBITDA margin expanded 40 bps to 20.7%. This marks the highest on-year rise in the company's consolidated EBITDA in 28 quarters, Marico said.

 

Going forward, Marico expects its consolidated revenue for the full year 2026-27 (Apr-Mar) to grow in double digits and cross the INR 150-billion mark. It sees its EBITDA for the financial year increasing in the high teens. As for volumes, the company aims for its domestic business to grow in the high single digit in FY27. It aims for sales from its international segment to grow around 15% in constant currency terms.

 

"Our aim is to maintain top quartile volume growth trajectory in India and teens constant currency growth in the International business," Marico said in the investor presentation. 

 

The company also aims to increase the share of its domestic sales to about 27% by the end of FY27 and to 33% by FY30. On the international business front, Marico is targeting the revenue share of its premium categories to expand to about 40% by FY30 from 30% at the end of FY26. The revenue share of the company's non-Bangladesh portfolio is estimated to increase to around 65% by FY30 from 55% in FY26.

 

Marico reported its earnings for the June quarter after market hours. Tuesday, its shares closed at INR 875 on the National Stock Exchange, down almost 1% from Monday.  End

 

Edited by Rajeev Pai

 

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