Marico Reports Strong Operating Performance in Q1 FY27; Expects Growth Driven by Core Business and Input Corrections

Marico Reports Strong Operating Performance in Q1 FY27; Expects Growth Driven by Core Business and Input Corrections​

Marico Limited has released a quarterly update providing an overview of operating performance and demand trends for the quarter ending June 30, 2026. The company highlighted robust activity across its Indian and international businesses while anticipating revenue growth driven by diversified operations and softening in raw material costs.

Demand across the board remained steady during the quarter, supported by resilient economic activity. While Marico remains optimistic about consumption trends globally, it is closely monitoring evolving inflationary conditions and the impact of El Niño on the monsoon.

India Business Momentum​

The company's India business accelerated its growth trajectory, achieving double-digit underlying volume growth and reaching a multi-quarter high. Parachute Coconut Oil delivered robust performance with double-digit volume growth, marking its highest in several quarters. Saffola Oils recorded mid single digit price led revenue growth; however, volumes saw a decline as the company rationalized supply of select variants to maintain profitability thresholds amidst the trade off between volume and profitability.

Value Added Hair Oils also had a strong quarter, achieving revenue growth in the twenties. This success was attributed to strategic focus on the mid and premium segments and enhanced direct reach initiatives through Project SETU and differentiated innovations. Furthermore, Foods and Premium Personal Care lines continued scaling up, reinforcing the diversification journey across the company’s portfolio.

International Markets and Financial Outlook​

The international business maintained a strong growth momentum, reporting mid teens constant currency growth. This performance was led by outperformance in Vietnam and MENA, alongside positive contributions from all other markets. In contrast, Bangladesh experienced a transient moderation in growth due to pricing anniversarization and marginal demand softness amidst elevated inflation.

Consolidated revenue is expected to grow in the early twenties, fueled by robust broad based performance across core, digital, and international businesses.

Among the key inputs analyzed, the cost of crude linked derivatives and vegetable oils rose sharply during the quarter. Conversely, copra prices corrected significantly, falling down approximately 45% from peak levels, though they still remain above historical averages. Consequently, gross margin is expected to improve sequentially. The company also accelerated ASP investments into brand building initiatives to strengthen long term equity and drive portfolio diversification.

Marico expects strong operating profit growth driven by solid business growth combined with the softening of copra prices. These results reaffirm the company’s strategic clarity and execution rigor, underscoring its confidence in achieving full year aspirations for sustainable and profitable volume led growth.

Company Profile Overview (FY 2025-26)​

Marico is a leading consumer products company operating in the global beauty and wellness categories. In Fiscal Year 2025 to 2026, Marico recorded a turnover of ₹1,36.1 billion through its products sold in India and chosen markets globally.

The overseas consumer products portfolio contributes approximately 24% of the Group's revenue. The company’s brand portfolio includes Parachute, Saffola, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet, Livon, Beardo, Just Herbs, True Elements, Plix, Cosmix and 4700BC.

MARICO Stock Price Movement​

Today, Marico Limited shares rallied in post-market trading, closing at ₹856 after gaining 0.62% as it approached its 52-week high of ₹858.7. The stock finished the session with over 1.2 million shares traded, showcasing strong interest from investors.