Marico Reports 31% Revenue Growth to ₹3,482 Crore in Q2, Driven by Strong India and International Performance
Marico achieved consolidated revenue growth of 31% year-over-year to ₹3,482 crore in Q2, driven by strong performance in both domestic and international markets. The India business grew by 35%, while the international business saw 20% constant currency growth. The company's digital-first premium personal care portfolio crossed the ₹1,000 crore Annual Recurring Revenue mark. However, Marico faced margin pressure due to input cost inflation, with EBITDA growing by only 7% year-over-year.

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Marico , a leading Indian consumer goods company, has reported strong financial results for Q2, showcasing significant revenue growth despite challenges in maintaining profit margins.
Revenue Surge
Marico delivered consolidated revenue growth of 31% year-over-year to ₹3,482 crore in Q2. This impressive performance was driven by strong growth in both domestic and international markets.
Segment Performance
- India Business: Grew by 35% year-over-year
- International Business: Achieved 20% constant currency growth
Digital-First Portfolio Milestone
The company's digital-first premium personal care portfolio crossed the ₹1,000 crore Annual Recurring Revenue (ARR) mark, highlighting Marico's success in the premium segment.
Profitability
Despite the strong top-line growth, Marico faced margin pressure due to input cost inflation. The company reported:
- EBITDA growth: 7% year-over-year
Key Financial Metrics
| Metric | Q2 | YoY Change |
|---|---|---|
| Revenue | ₹3,482.00 | +31% |
| EBITDA | Not specified | +7% |
Analysis
Marico's Q2 results demonstrate the company's ability to drive strong revenue growth across its business segments. The significant growth in the India business and the solid performance of the international business underscore Marico's robust market position and effective growth strategies.
The milestone achieved by the digital-first premium personal care portfolio indicates Marico's successful penetration into high-value market segments and its ability to capitalize on evolving consumer preferences.
However, the disparity between revenue growth (31%) and EBITDA growth (7%) suggests that Marico is facing challenges in maintaining its profit margins. The company explicitly mentioned margin pressure due to input cost inflation, which is impacting its overall profitability.
Moving forward, investors and analysts will be keen to see how Marico balances its impressive top-line growth with efforts to improve profitability. The company's strategies to mitigate input cost pressures and optimize its product mix will be crucial in the coming quarters.
Historical Stock Returns for Marico
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.32% | +2.80% | +3.30% | +1.25% | +23.52% | +97.34% |
















































