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An announcement from Marico Limited ( (IN:MARICO) ) is now available.
Marico reported a stable demand environment in the March quarter of FY26, with its India business sustaining high single-digit underlying volume growth and modest sequential improvement. Core brand Parachute showed resilience with low single-digit volume gains after adjusting for pack-size changes, while Saffola Oils delivered high single-digit revenue growth on better volumes and Value Added Hair Oils grew in the twenties.
The company’s foods portfolio posted high-teens value growth and premium personal care, including digital-first brands, continued to scale ahead of internal targets, supporting diversification. International operations maintained high-teens constant currency growth, though the Gulf market softened in March due to geopolitical tensions, and consolidated revenue rose in the low twenties year-on-year, meeting Marico’s full-year mid-twenties growth aspiration.
Easing copra prices, down about 35% from peak, are expected to aid gross margin, even as vegetable oils and crude-linked inputs trend higher, prompting careful pricing moves to protect profitability. Marico expects double-digit operating profit growth in the quarter, a sequential margin improvement, and reiterates its medium-term ambition of sustainable, profitable, volume-led growth driven by strong brand equity and scaling new growth engines across markets.
More about Marico Limited
Marico Limited is a fast-moving consumer goods company focused on beauty and wellness products, with strong positions in hair oils, edible oils, foods and premium personal care. Its key brands include Parachute in hair oils and Saffola in edible oils and foods, and it serves both the Indian market and a diversified international portfolio across multiple geographies.
Average Trading Volume: 91,293
Technical Sentiment Signal: Buy
Current Market Cap: 964.8B INR
See more insights into MARICO stock on TipRanks’ Stock Analysis page.