Marico Limited has announced a strong start to fiscal year 2027, reporting a consolidated revenue growth of 23% and a profit growth of 25% for the first quarter ended June 30, 2026. This represents the company’s highest profit growth in 28 quarters, driven by robust performance in its India business and continued scale-up of new growth engines. The company also highlighted strong brand performance and market share gains across its portfolio.
Marico Reports Robust Q1 FY27 Performance
Marico Limited has delivered a strong performance in the first quarter of fiscal year 2027 (Q1 FY27), with consolidated revenue growing by 23% and EBITDA and PAT growing by 25%. This quarter marks the highest profit growth for the company in the last 28 quarters. The impressive results were driven by a combination of factors including healthy domestic demand, strategic pricing actions, and effective execution across channels.
India Business Shines
The India business was a key contributor to the strong performance, achieving 11% volume growth and 21% revenue growth. This growth was propelled by a robust momentum in the core business and the successful scale-up of new growth engines. Marico reported that over 96% of its business gained or sustained market share, and over 99% gained or sustained penetration on a MAT basis. The company’s Project SETU initiative continued to enhance its general trade execution, leading to improved reach, assortment quality, and service levels.
International Growth and Diversification
Internationally, Marico’s business grew by 15% in constant currency, with outperformance noted in Vietnam and MENA. The company continues to focus on strengthening its position and sustaining market share gains through category initiatives. Furthermore, Marico is seeing significant growth in its diversification agenda, with the combined Foods and Premium Personal Care portfolio, including digital-first brands, becoming an increasingly important contributor to overall growth.
Strategic Priorities and Outlook
Looking ahead, Marico remains focused on driving profitable growth and aims to achieve double-digit revenue growth for the full year, potentially crossing INR15,000 crores. The company is targeting high-teens EBITDA growth, with an aspiration to reach 20% EBITDA growth. Marico is also investing in its digital-first portfolio, which is showing strong growth and profitability improvements. The company’s strategy emphasizes strengthening core franchises, expanding into adjacencies, scaling digital businesses, and diversifying its international operations.
Source: BSE
