Marico Limited reported a 25% year-on-year rise in consolidated net profit to ₹630 crore for the quarter ended June 30, 2026, driven by robust top-line growth. Revenue from operations expanded 23% to ₹3,957 crore, up from ₹3,221 crore in the corresponding period last year. This performance underscores the company’s ability to scale profitability alongside revenue expansion in its first quarter of FY26.

The Board of Directors approved the unaudited consolidated and standalone financial results at a meeting held on August 4, 2026. The disclosure was made pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to limited review by the statutory auditors.

Consolidated Financial Performance

Consolidated profit before tax increased to ₹790 crore from ₹656 crore in Q1FY25. Total comprehensive income attributable to owners rose to ₹643 crore from ₹490 crore in the prior year quarter. Earnings per share (basic) stood at ₹4.86, compared to ₹3.90 in the same period last year. Diluted EPS was ₹4.85 against ₹3.89 previously.

Standalone Results

On a standalone basis, Marico recorded revenue from operations of ₹2,794 crore, an increase from ₹2,349 crore in Q1FY25. Net profit after tax declined to ₹460 crore from ₹773 crore in the corresponding quarter last year. Profit before tax (after exceptional items) stood at ₹549 crore, down from ₹883 crore previously. Equity share capital remained stable at ₹130 crore.

What the Numbers Show

The divergence between consolidated and standalone profitability warrants attention. While consolidated net profit surged 25% to ₹630 crore, standalone net profit fell significantly to ₹460 crore from ₹773 crore. This suggests that associates or joint ventures contributed substantially to the overall bottom-line growth, offsetting a softer standalone operating performance. Investors should monitor the sustainability of this contribution structure in subsequent quarters.

Marico has shared its near-term business outlook, highlighting expectations of high teen growth and better EBITDA margins by FY27, alongside an anticipated double-digit volume growth in Q2.

Growth and Margin Outlook

Marico anticipates achieving high teen growth by FY27, accompanied by an improvement in its EBITDA margin. The company's guidance signals a focus on both top-line expansion and profitability enhancement over the coming periods.

Volume Growth Expectations

For Q2, Marico expects double-digit volume growth, reflecting confidence in demand momentum across its product portfolio. This projection underscores the company's near-term operational optimism as it works toward its FY27 targets.