Homegrown FMCG firm Marico Ltd on Tuesday reported an 18.26 per cent rise in consolidated net profit to ₹408 crore for the March quarter, supported by a volume growth in the domestic market.
The company had posted a consolidated net profit of ₹345 crore in the corresponding January-March quarter of the preceding fiscal, Marico Ltd said in a regulatory filing.
Marico, which reported a 25.7 per cent rise in revenue from operations to ₹13,611 crore for FY26, now aims to cross ₹15,000 crore with a double-digit revenue growth in the current fiscal.
In the March quarter, its consolidated revenue from operations increased 22 per cent to ₹3,333 crore. It was ₹2,730 crore in the year-ago period, it added.
The rise in revenue was in line “with underlying volume growth of 9 per cent in the India business and constant currency growth of 19 per cent in the international business”, said Marico in its earnings statement.
Marico, which owns brands like Saffola, Parachute, and Livon, said the demand trends in the sector were “stable” during the March quarter.
“We remain optimistic of a gradual improvement in consumption over the coming quarters, while monitoring the potential macroeconomic implications arising from the evolving geopolitical developments in the Middle East,” it added.
Total expenses of Marico in the March quarter rose 23.67 per cent to ₹2,889 crore.
The domestic revenue of Marico climbed 21.13 per cent to ₹2,505 crore. This growth was led by market gains and e-commerce.
“Offtakes remained strong, with over 95 per cent of the business gaining or sustaining market share and more than 90 per cent of the business gaining or sustaining penetration, both on a MAT basis,” the company said.
Among channels, e-commerce, including quick-commerce, was the leading growth driver. Besides, there was also a ‘visible improvement’ in traction in traditional trade.
Similarly, Marico’s International business also delivered 25 per cent growth to ₹828 crore in the March quarter.
“Performance was positive across all markets, except for the Gulf region, where ongoing geopolitical headwinds weighed on the business in March,” it said.
Moreover, Marico’s gross margin improved by 140 bps on a sequential basis owing to progressive easing of copra prices, while staying under pressure (down 360 bps) on a year-on-year basis.
“Despite significant input cost pressures, the company continued its A&P investments, which were up 5 per cent year-on-year. Consequently, EBITDA grew 14 per cent year-on-year, with EBITDA margin at 15.6 per cent, down 114 bps year-on-year,” it noted.
In March, Marico’s Parachute Rigids reported a decline of one per cent in volumes, though its revenue growth stood at 29 per cent due to a price hike. While its value-added hair oils delivered a record 26 per cent value growth.
Saffola Edible Oils posted 8 per cent revenue growth during the quarter, driven by mid-single digit volume growth. Its Foods portfolio registered 16 per cent year-on-year growth and exited the year with over ₹1,000 crore in revenues.
For the entire FY26, Marico’s profit climbed 9.34 per cent to ₹1,813 crore. The total consolidated income rose 25.14 per cent to ₹13,815 crore.
The company has delivered “year-on-year growth, the highest in 14 years”, said the Mariwala family-promoted company.
Over the outlook, the company said it expects to sustain high single-digit volume growth in the India business in FY27. Its international business is expected to maintain strong momentum with mid-teen constant currency growth, driven by broad-based performance across markets.
“At a consolidated level, we aim to deliver double-digit revenue growth to cross ₹15,000 crore in FY27. We aspire to deliver high-teen EBITDA growth, subject to current macros,” said Marico.
Its MD and CEO Saugata Gupta said Marico has achieved its strategic aspirations on topline and volume growth, along with the diversification objective.
“As we look ahead, we remain committed to achieving competitive, top quartile outcomes in FY27, while steadfastly advancing towards our bold vision of surpassing ₹20,000 crore in revenue by FY30,” he said.
The board of directors, at its meeting held on May 5, 2026, recommended a final dividend of ₹4 per equity share of Re 1 each, subject to approval of the shareholders at the ensuing 38th annual general meeting of the company, Marico said.
Share of Marico on Tuesday settled at ₹807.10 on BSE, up 2.89 per cent from the previous close.
