Marico has delivered robust performance in Q4 FY26, with consolidated revenue growing in the low twenties year-on-year during the quarter. The consumer goods company expects double-digit operating profit growth with sequential improvement, driven by strong operational performance across business segments.

Financial Performance Overview

The company's Q4 FY26 performance demonstrates strong momentum across key metrics:

India Business Segment Performance

The India business sustained high single-digit underlying volume growth with slight sequential improvement. Parachute continued showcasing resilience, taking selective pricing actions amid easing copra prices and recording low single-digit volume growth after normalizing for ml-age reductions. Saffola Oils recorded high single-digit revenue growth driven by improving volume traction.

Value Added Hair Oils registered another robust quarter with growth in the twenties, reinforcing sustained franchise traction. Foods delivered high teens value growth, marking progressive movement towards accelerated growth trajectory. Premium Personal Care including digital-first brands continued scaling ahead of aspirations, sustaining diversification pace.

International Business Momentum

The International business maintained stellar momentum with constant currency growth in high teens. Each market contributed positively except the Gulf region, which was impacted by ongoing geopolitical headwinds in March.

Market Outlook and Input Costs

Copra prices corrected approximately 35% from peak levels and are expected to remain rangebound. While vegetable oils and crude-sensitive materials exhibit upward bias, the company will judiciously exercise pricing power to alleviate impact while maintaining assured availability. Sequential gross margin improvement is expected driven by easing copra prices.

Growth Strategy and Future Aspirations

Marico remains confident of delivering healthy volume-led revenue growth in FY27, supported by strategic focus on mid and premium segments, enhanced direct reach through Project SETU, differentiated innovation pipeline, and improved affordability due to GST rate rationalization. The company maintains its aspiration of delivering sustainable and profitable volume-led growth over the medium term.

Marico has demonstrated robust performance across both its domestic and international business segments, showcasing the company's diversified growth strategy and operational excellence.

India Business Performance

The India business segment has maintained its robust growth momentum, delivering strong high single-digit growth rates. This performance reflects the company's strong market position and effective operational strategies in the domestic market. The sequential improvement from the previous quarter demonstrates Marico's ability to maintain consistent performance while showing gradual enhancement in business metrics.

International Business Momentum

Marico's international operations have sustained strong momentum, delivering high-teen constant currency growth. This robust performance in overseas markets demonstrates the company's successful expansion strategy and ability to capture growth opportunities across different geographical regions.

Comprehensive Growth Strategy

The sustained high single-digit growth in India operations indicates stable demand patterns and effective market penetration strategies, while the high-teen growth in international markets showcases Marico's global expansion capabilities. The company's ability to deliver consistent growth rates across both domestic and international segments highlights the strength of its diversified business model and execution capabilities.

Market Position Strength

The continued strong performance across both business segments reinforces Marico's established market presence and operational efficiency. The combination of sequential improvement in India business and sustained momentum in international operations positions the company well for continued growth across its portfolio of markets.