Marico reported a robust start to FY27, with consolidated net profit rising 25% year-on-year to ₹630 crore for the quarter ended June 30, 2026. The consumer goods company’s revenue from operations expanded 23% to ₹3,957 crore, driven by an 11% underlying volume growth in India and 15% constant currency growth (CCG) internationally. This performance marks the highest profit growth in 28 quarters, underpinned by strong demand for core brands like Parachute and Saffola, as well as accelerated growth in the Foods and Premium Personal Care segments. The results were approved by the Board of Directors on August 4, 2026.

Financial Performance Highlights

Consolidated EBITDA grew 25% to ₹819 crore, with EBITDA margins expanding by 40 basis points to 20.7%, up from 20.3% in Q1FY26. Profit before tax increased 20% to ₹790 crore. The improvement in gross margin was aided by softening copra prices and a favorable portfolio mix. Advertising and sales promotion (A&P) investments rose 25% to ₹327 crore, reflecting continued investment in brand equity. Working capital efficiency improved significantly, with debtors turnover days reducing to 31 from 39 in Q4FY26, and net working capital days dropping to 26 from 34.

Standalone revenue rose 19% to ₹2,794 crore from ₹2,349 crore. Standalone net profit figures are impacted by one-time other income items in the prior year, making consolidated figures a better representation of operational performance.

Segmental Growth and Brand Performance

The India business delivered multi-quarter high volume growth of 11%. Parachute Rigids reported 10% volume growth, strengthening its leadership with a 59% volume market share. Value-Added Hair Oils grew 22% in value, driven by premiumization and innovation. The Foods portfolio registered 43% growth, crossing ₹1,300+ crores in annualized revenue run-rate, led by Saffola Oats and Soya Chunks. Premium Personal Care, including digital-first brands, achieved an annualized run-rate of ~₹450 crore.

Internationally, the business delivered 15% CCG. Vietnam recorded 27% CCG, while MENA delivered 24% CCG. Bangladesh saw a transient moderation with 4% CCG due to pricing anniversarization. The company aims to increase the revenue share of non-Bangladesh portfolio in international business to ~65% by FY30, up from ~55% in FY26.

Strategic Outlook and Guidance

Marico reaffirmed its guidance for double-digit revenue growth to cross ₹15,000 crore and high-teen EBITDA growth in FY27. The company expects high single-digit volume growth in India and mid-teens CCG internationally. Looking towards Vision 2030, Marico aims to achieve ₹20,000 crore in revenue with mid-teens EBITDA CAGR. The strategic focus remains on shifting the portfolio towards premium categories, targeting ~33% revenue share for Foods and Premium Personal Care by FY30, up from ~27% in FY26.

What the Numbers Show

The divergence between revenue growth (23%) and material cost growth (22%) highlights effective cost management despite inflationary pressures in vegetable oils and packaging materials like HDPE (+65% YoY). The expansion in EBITDA margin alongside increased A&P spend indicates operational leverage and successful premiumization strategies. The significant improvement in working capital metrics suggests stronger supply chain execution and cash flow generation, supporting the company’s aggressive growth targets.

Marico Limited will host an investor and analyst conference call on Tuesday, August 4, 2026, at 6:00 p.m. IST to discuss its financial performance for the quarter ended June 30, 2026. The Board of Directors is scheduled to approve the quarterly results in a meeting on the same day, with final figures to be published on the company’s website immediately following approval. This event provides stakeholders with direct access to management commentary on the company's operational and financial health for Q1FY27.

The conference call serves as the primary mechanism for Marico to communicate its quarterly findings to the capital markets. Audio recordings and transcripts of the session will be made available on the company’s investor relations page at https://marico.com/india/investors#quarterly after the event concludes. Participants are advised to dial in at least five to ten minutes prior to the scheduled start time to ensure connectivity.

Leadership Participation

Key executives will represent the company during the earnings discussion. Saugata Gupta, Managing Director & CEO, and Pawan Agrawal, Group CFO & CEO - International Business, will lead the presentation and answer questions from investors and analysts. Saurabh Khaitan, Head Finance - International Business & Investor Relations, will serve as the call leader.

Dial-In Details

Participants can join the conference call via universal dial-in numbers or international toll-free lines. A live webcast will also be available for those preferring an online audio stream.

To bypass audio queues, participants are encouraged to register via the provided Diamond Pass link before the event to receive a direct access passcode.

Company Overview

Marico operates as one of India’s leading consumer products companies, focusing on global beauty and wellness categories. In FY26, the company recorded a turnover of ₹136.1 billion (USD 1.5 billion), driven by sales in India and selected international markets. Its portfolio includes prominent brands such as Parachute, Saffola, Hair & Care, and Parachute Advansed, which collectively touch the lives of one out of every three Indians.

The company’s overseas consumer products portfolio contributes approximately 24% of its total revenue. International brands include Parachute, HairCode, Fiancée, Herbsindia, Purité de Prôvence, Ôliv, LASHE Superfood, Candid, Caivil, Hercules, Black Chic, Code 10, Ingwe, X-Men, Thuan Phat, and Isoplus.