Marico Records 26% Revenue Growth in FY26; Targets ₹20,000 Crore by FY30

Marico Records 26% Revenue Growth in FY26; Targets ₹20,000 Crore by FY30​

Marico Limited reported robust financial results for the fiscal year 2026, with Revenue from Operations reaching ₹ 13,611 crore, marking a record 26% year-on-year growth, the highest in 14 years. The company's performance was driven by the India business's underlying volume growth and strong constant currency growth in the international segment.

For the quarter ending March 31, 2026 (Q4FY26), Revenue from Operations stood at ₹ 3,333 crore, reflecting a 22% year-on-year increase.

Financial Performance Highlights​

The company demonstrated strong growth across key metrics:


The Board of Directors, at its meeting on May 05, 2026, recommended a final dividend of ₹ 4.00 per equity share of face value ₹ 1 each on the paid-up equity share capital of approximately ₹ 129.8 crores.

Segment Performance and Key Growth Drivers​

The Indian business reported underlying volume growth of 8% in FY26, a 7-year high. In Q4FY26, underlying volume growth improved sequentially to 9%. India business revenues totaled ₹ 2,505 crores, up 21% year-on-year. Offtakes remained strong, with over 95% of the business gaining or sustaining market share and over 90% gaining or sustaining penetration, both on MAT basis.

The international business delivered 19% constant currency growth (CCG) during the quarter, marking a strong closing to the year.

• International Operations: Bangladesh delivered 35% CCG, while Vietnam sustained double-digit growth with 18% CCG. Performance was positive across most markets, although the MENA region declined 7% due to temporary supply chain disruptions related to geopolitical developments.
• Core Brands: The Parachute Rigids continued to show resilience, with reported volumes down 1% but underlying volumes growing in low single-digits. Value-Added Hair Oils delivered robust 26% value growth, gaining approximately 100 basis points in value market share on a MAT basis.
• Diversification: The Foods portfolio recorded 16% year-on-year growth, exiting the year at revenues of ₹ 1,000+ crores. The company strengthened this portfolio by acquiring Cosmix, a digital-first functional wellness brand, and 4700BC, a premium gourmet snacking brand.
• Premium Personal Care: The Premium Personal Care segment, which includes the Digital-first portfolio, completed the year at approximately ₹ 350 Crores in revenues. The Digital-first portfolio clocked an exit ARR of ₹ 1100+ crore.

Strategic Outlook and Future Goals​

The company articulated a strong medium-term vision, targeting revenue growth and market penetration across its diverse portfolios.

Future Growth Focus:
The company remains committed to expanding its addressable markets through high-velocity innovation and deepening its presence in urban-centric and premium portfolios via organized retail and e-commerce channels.

Financial Targets:
The group aims to deliver double-digit revenue CAGR and is positioned to achieve ₹ 20,000+ Crores in revenues by FY30, while aspiring to achieve a mid-teen EBITDA CAGR.

Profitability and Diversification:
The India revenue share of the Foods and Premium Personal Care portfolios (including Digital-first) stood at ~23% in FY26. The company expects this share to expand to ~27% in FY27 and ~33% by FY30. Similarly, the revenue share of premium categories in the International business is expected to increase from ~20% in FY20 to ~40% by FY30.

Near-Term Expectations:
For FY27, the company expects to sustain high single-digit volume growth in the India business. The International business is anticipated to maintain strong momentum with mid-teen constant currency growth, driven by broad-based performance across markets.

Saugata Gupta, MD & CEO, emphasized that the performance reflects the resilience and foresight of the company, solidifying its core categories and the profitable scale-up of premium and digital businesses.

MARICO Stock Price Movement​

Shares of Marico Limited are edging higher to ₹784.65 as of 2:25 PM today, gaining 0.01% in live trading. The stock sees robust interest, trading on a total volume of 2.74 million shares.