Marico Limited , one of India's leading FMCG majors, has achieved significant sustainability milestones, reinforcing its position as a sector leader in ESG performance. The company announced dual A- ratings in CDP 2025 assessments alongside maintaining its 'Leader' status with an ESG rating of 78 from NSE Sustainability Ratings Analytics Limited.

CDP Assessment Achievements

Marico delivered a strong performance in CDP 2025 assessments, marking a major step forward in its global sustainability journey with dual A- ratings:

NSE ESG Rating Performance

NSE Sustainability, a SEBI-registered ESG Rating Provider, independently assessed Marico's performance across Environmental, Social, and Governance parameters for fiscal year 2025:

Comprehensive ESG Improvements

Marico has demonstrated significant improvements across multiple ESG rating platforms. The company achieved a 15-point jump in the S&P CSA score from 64 to 79, an ESG risk rating of 18.80 by Sustainalytics positioning it among the lowest risk-rated FMCG companies globally, and sustained the AA rating with MSCI.

Sustainability Targets and Progress

Marico has established bold ESG targets with measurable progress across multiple areas:

Commenting on the recognition, Amit Bhasin, Chief Legal Officer Group General Counsel and Secretary, CSR Committee, stated that securing dual A- scores in CDP's rigorous assessments and leading the FMCG sector in NSE ESG ratings underscores the strength of Marico's sustainability strategy and unwavering commitment to embedding responsible practices across the value chain.

Strategic Sustainability Framework

Through its Responsible Sourcing Framework, Samyut, the company aims to certify 100% of its critical suppliers at Level 1 and 50% at Level 2 by 2030. These achievements reflect Marico's deep climate ambition, disciplined approach to water stewardship, and progress toward deforestation-free sourcing, demonstrating transparent and responsible commitment to building resilience and driving ESG excellence across its value chain.

Marico Limited , a leading Indian FMCG company, has reported a 7% volume growth in its India business for the second quarter, despite facing disruptions due to the implementation of revised GST rates in September. The company also witnessed an unprecedented 60% pricing growth in its Parachute brand, driven by copra inflation.

Key Highlights

• 7% volume growth in India business
• 60% pricing growth in Parachute due to copra inflation
• Revenue growth hit multi-quarter highs
• Double-digit EBITDA growth expected in the second half
• Copra prices declined 15% from July peaks
• Maintains Rs. 20,000 crore revenue target by 2030

Financial Performance

Marico's performance in Q2 was marked by steady demand trends in July and August, followed by transitionary disruptions in trade channels due to GST rate revisions in September. Despite these challenges, the company managed to deliver a 7% volume growth in its India business.

The company's flagship brand, Parachute, experienced an unprecedented 60% pricing growth year-on-year, primarily due to significant inflation in copra prices. Despite this substantial price increase, Parachute managed to maintain its market share, demonstrating remarkable pricing power and consumer loyalty.

GST Impact and Strategy

Approximately 30% of Marico's India business benefited from the recent GST rate rationalization. In line with the government's objectives, the company has passed on the benefits of reduced GST rates to consumers across relevant categories, either through price cuts or grammage increases in price point packs. This strategy aims to enhance product affordability and accessibility.

Outlook and Expectations

Marico remains optimistic about its future performance, citing several favorable factors:

1. Easing inflation
2. Supportive government policies
3. Transformative GST reforms
4. Favorable monsoons
5. Healthy crop outlook

These factors are expected to boost disposable incomes and aid consumption across urban and rural markets.

Copra Prices and Margin Outlook

The company reported that copra prices have declined by 15% from their July peaks. Marico anticipates further correction in copra prices by March, which is expected to positively impact margins. As a result, the company expects to deliver double-digit EBITDA growth in the second half of the fiscal year.

Long-term Target

Marico remains confident in its trajectory and expects to make meaningful progress towards its ambitious goal of reaching Rs. 20,000 crore in revenue by 2030.

Saugata Gupta, MD & CEO of Marico Limited, commented on the company's performance, stating, "We have delivered an encouraging performance in the first half with both the Indian and international business progressing in tandem. We remain focused on executing our strategic priorities for the year and expect to sustain the positive growth momentum across India and overseas business in the quarters ahead."

As Marico navigates through the evolving market dynamics, investors and industry observers will be keenly watching the company's ability to maintain its growth momentum while managing input cost pressures in the coming quarters.