Marico reported a strong start to FY27, with consolidated revenue from operations growing 23% YoY to ₹3,957 crore in Q1FY27. This growth was driven by an 11% volume increase in India and 15% constant currency growth internationally. EBITDA and PAT both saw a significant 25% increase, marking the highest growth in 28 quarters.
Marico Reports Strong Q1 FY27 Performance
Marico Limited announced robust financial results for the first quarter of FY27, ended June 30, 2026. The company registered a consolidated revenue from operations of ₹3,957 crore, marking a substantial 23% year-on-year growth. This impressive top-line expansion was fueled by an 11% underlying volume growth in the Indian business and a 15% constant currency growth in its international operations.
Key Financial Highlights
The company’s operational performance was particularly strong, with EBITDA growing by 25% and Profit After Tax (PAT) also increasing by 25%. These growth figures represent the highest in the last 28 quarters, underscoring the company’s robust business fundamentals and effective execution. The EBITDA margin improved by 40 basis points to 20.7%.
India Business Momentum
The India business demonstrated accelerated growth, achieving an 11% underlying volume growth, the highest in 20 quarters. Revenue from the India business stood at ₹3,003 crore, up 21% YoY. Key brands like Parachute Rigids reported 10% volume growth and strengthened market share. Value-Added Hair Oils saw 22% value growth, and the Foods portfolio registered a significant 43% growth.
International Business Performance
Marico’s international business delivered a 15% constant currency growth in Q1FY27. Growth was driven by outperformance in Vietnam and MENA, with positive contributions from all markets. Bangladesh saw 4% CCG, while Vietnam recorded 27% CCG, and MENA achieved 24% CCG.
Outlook and Strategic Priorities
Looking ahead, Marico remains optimistic about consumption trends. The company aims to achieve double-digit revenue growth to cross ₹15,000 crore and deliver high-teen EBITDA growth in FY27. Marico plans to strengthen its core franchises, expand into adjacencies, scale up digital businesses profitably, and further diversify its international growth engine, with a focus on profitable growth and reducing commodity-linked businesses.
Source: BSE
