Marico Limited achieved a landmark fiscal year in FY26, reporting a record 26% revenue growth, the highest in 14 years. The India business recorded a 7-year high in underlying volume growth of 8%, while the international business surged with 20% constant currency growth. For the Q4FY26 quarter, consolidated revenue grew 22% YoY to ₹3,333 crore, with the company remaining optimistic about sustaining this momentum through strategic diversification into premium and digital-first portfolios.
Financial Performance Overview
Marico concluded FY26 with stellar financial metrics, reporting consolidated revenue from operations of ₹13,611 crore, marking a year-on-year growth of 26%. The consolidated EBITDA stood at ₹2,328 crore (a 9% increase), with an EBITDA margin of 17.1%. The recurring Profit After Tax (PAT) rose by 11% to ₹1,762 crore. For the quarter ended March 31, 2026 (Q4), the company posted a 22% revenue growth, achieving ₹3,333 crore in revenue and ₹391 crore in PAT.
India Business and Strategic Segments
The India business showed robust health with a 21% revenue growth in Q4FY26, supported by a 9% volume growth. The core franchise, Parachute Rigids, demonstrated resilience, while the Foods portfolio achieved a significant milestone by closing the year at over ₹1,000 crore. The Premium Personal Care and Digital-first brands continue to be major growth drivers, with digital-first portfolios achieving an exit Annual Recurring Revenue (ARR) of ₹1,100+ crore. The company’s Project SETU continues to expand direct reach, aimed at bolstering growth across general trade and premium segments.
International Market Momentum
International operations recorded a strong 20% constant currency growth for the full year. Bangladesh led the performance with 35% growth in Q4, while Vietnam sustained double-digit momentum at 18%. Despite transient geopolitical headwinds in the Gulf region (MENA), which saw a 7% decline in the quarter, the broader international business remains resilient, bolstered by a strategic shift towards premium categories, which now account for 30% of international revenue.
Future Outlook and Strategic Vision
Looking ahead to FY27, Marico aims for consistent double-digit revenue growth to surpass the ₹15,000 crore mark. The company is focused on sustaining high single-digit volume growth in India and achieving mid-teen constant currency growth internationally. For the medium term, the company is aggressively pursuing its 20K+ Topline Vision by 2030, backed by structural diversification into premium and digital-native categories. The company also announced a final dividend of ₹4.00 per equity share, reflecting confidence in its financial stability and long-term value creation.
Source: BSE
