Marico announced its financial results for the second quarter of FY27, reporting a 13% year-on-year revenue growth to ₹3,897 crore. The India business saw 10% underlying volume growth, while the international segment posted a 13% constant currency growth. EBITDA increased by 27% and Profit After Tax (PAT) grew by 31%, showcasing strong profitability and business momentum across segments.
Marico Q2 FY27 Results: Strong Growth Across Segments
Marico Limited has announced robust financial results for the second quarter ended September 30, 2026 (Q2 FY27). The company reported a consolidated revenue from operations of ₹3,897 crore, marking a significant 13% increase compared to the same quarter last year. This growth was underpinned by strong performances in both its domestic and international businesses.
India Business Performance
The India business demonstrated sustained momentum, achieving 10% underlying volume growth. This marks another quarter of robust volume expansion, driven by the strength of Marico’s core franchises and the successful scaling up of new business initiatives. Overall revenue for the India business grew 10% YoY to ₹2,916 crore. Over 95% of the business either gained or sustained market share on a MAT basis. Traditional and Organized Trade witnessed double-digit growth, complemented by accelerated growth in Quick Commerce. Gross margins expanded approximately 600 basis points (bps) YoY, benefiting from a favorable portfolio mix and softening copra prices.
International Business Momentum
The international business sustained its healthy momentum, recording a 13% growth in constant currency (CCG) and a 23% revenue growth in INR terms. Bangladesh delivered 5% CCG, showing a marginal sequential improvement. Vietnam continued its strong growth, with 22% CCG, and MENA reported 15% CCG, supported by resilient performance in the Gulf. South Africa and NCD & Exports also registered strong performance with 15% and 17% CCG, respectively.
Profitability and Key Highlights
Profitability saw substantial improvement, with EBITDA growing 27% to ₹709 crore and EBITDA margin expanding by 200 bps to 18.2%. Profit After Tax (PAT) jumped 31% to ₹550 crore, marking the strongest growth in the last 51 quarters. Domestic volume growth stood at 10%, while International Business CCG was 13%.
Segment-wise Performance Highlights:
- Parachute Rigids: Sustained strong momentum with volume growth accelerating to 13%, its highest in 22 quarters. Market share reached a new high of 60%.
- Value-Added Hair Oils: Delivered its sixth consecutive quarter of stellar growth with 21% value growth and gained 80 bps in MAT value market share.
- Saffola Edible Oils: Recorded 6% revenue growth with a high-single-digit volume decline. The premium range, particularly cold-pressed oils, showed significant growth.
- Foods Portfolio: Grew by 45%, crossing an annualised revenue run rate of over ₹1,500 crore. Saffola Oats, Muesli, and Soya Chunks led the growth.
- Premium Personal Care (including Digital-First Brands): Continued strong performance, with the portfolio crossing an annualised revenue run rate of ₹500 crore and the digital-first portfolio reporting an annualised run rate of approximately ₹1,150 crore.
The company continues to focus on strategic priorities such as strengthening core franchises, expanding into adjacencies, scaling digital businesses profitably, and diversifying its international growth engine, aiming for consistent top-quartile performance.
Source: BSE
