Marico reported a strong Q3 FY26 with revenue up 27% YoY to ₹3,537 crore, driven by 8% volume growth in India and 21% CCG in International business. The company witnessed growth in core categories, Foods, and Premium Personal Care, supported by strategic investments and innovation. Marico is optimistic about future growth, expecting gradual uptick in consumption trends and leveraging opportunities in both domestic and international markets.
Financial Highlights
In Q3 FY26, Marico’s revenue from operations reached ₹3,537 crore, marking a 27% YoY increase. This growth was fueled by an 8% volume growth in the India business and a 21% constant currency growth in the International business.
Segment Performance
The India business demonstrated resilience, with revenues up 28% YoY to ₹2,681 crore. E-commerce and Quick Commerce led growth, while traditional trade also saw improved traction.
The International business sustained its momentum, delivering 21% constant currency growth. Each market exhibited broad-based double-digit growth, with Vietnam and South Africa rebounding strongly.
Strategic Investments
Marico announced a strategic investment in Zea Maize Private Limited, the company owning the gourmet snacking brand ‘4700BC’. This investment aims to scale revenue and drive profitability through synergies across multiple dimensions.
Category Performance
Parachute Rigids continued to demonstrate strong resilience, with revenue growth of 50%.
Value-Added Hair Oils delivered a stellar quarter, achieving 29% value growth and gaining 170 bps in value market share.
Saffola Edible Oils experienced a soft quarter amidst an elevated pricing environment, with flattish revenue growth.
Foods grew 5% YoY, with Saffola Oats gaining market share.
Premium Personal Care sustained its accelerated growth momentum and is expected to exit FY26 at ₹350+ crore ARR. The Digital-first portfolio is expected to exit the year at ₹1000+ crore ARR.
Outlook and Strategy
Marico expects a steady growth trajectory in its core categories and is optimistic about a gradual uptick in consumption trends. The company is focused on driving differential growth through urban-centric and premium portfolios and expects to deliver consistent and competitive growth in the medium term.
ESG Update
The company reiterated its commitment to Environmental, Social, and Governance (ESG) initiatives, showcasing updates on emissions reduction, water stewardship, and social value creation.
Source: BSE
