Marico reported a 31% year-on-year increase in consolidated net profit to 550 crore for the quarter ended September 30, 2026, against 420 crore in the same period of the previous fiscal year. Revenue from operations grew 13% YoY to 3,897 crore from 3,450 crore. The India business delivered 10% underlying volume growth, marking another quarter of robust volume growth. The international business sustained healthy momentum, recording 13% constant currency growth. EBITDA grew 27% to 709 crore from 560 crore, while the EBITDA margin expanded to 18.19% from 16.23% YoY, the highest in 50 quarters. Gross margin expanded supported by moderation in copra prices and a favourable portfolio mix.

A&P investments were up 44% YoY as Marico continued to invest in strengthening the long-term equity of brands and supporting growth initiatives. The international business reported 23% revenue growth in rupee terms. Copra prices remained range-bound during the quarter at 35% below peak levels of last year, while crude-linked derivatives and vegetable oil prices inflated further on the back of geopolitical developments and weather-related concerns. Demand trends remained resilient despite the volatile operating environment. Marico said it continues to closely monitor the evolving inflationary and geopolitical conditions.

For half a year H1 FY27, Maricos net profit jumped to 1,180 crore as compared to 924 crore on a YoY basis, marking a growth of 28%. Revenue from operations for H1 FY27 surged 18% to 7,854 crore as against 6,671 crore in H1 FY26. Marico said its strong performance in H1 reflected the strength of its business model, with its India Core, digital-first and international businesses all delivering strong growth. The FMCF company aims to maintain top-quartile volume growth in India and achieve double-digit constant-currency growth in its international business. At the consolidated level, the firm aspires to deliver double-digit revenue growth to reach 20,000 crore in revenue, along with a mid-teens EBITDA CAGR.

Marico expects to deliver teens revenue growth this year and comfortably cross the 15,000 Cr revenue mark. The firm expects to achieve mid-twenties EBITDA growth in FY27. India business is poised to deliver double-digit volume growth and International business should see accelerating constant currency growth in the second half of FY27. The company aims to increase the share of India revenue from premium and more profitable categories to around 27% by the end of FY27 and 33% by FY30. Digital-first businesses are expected to achieve double-digit EBITDA margins by FY27 exit and expand further to teens within the medium term.

On Monday Marico shares settled at 798.55 apiece on the National Stock Exchange, falling 0.18%. The earnings, however, came after market hours. As of November 2, 2026, Marico has a total market capitalisation of 1.04 lakh crore according to NSE data. The company said it continues to drive a structural shift in its portfolio towards premium and more profitable categories through focused investments. Marico said demand trends remained resilient despite the volatile operating environment.

Marico reported that among key inputs, copra prices remained range-bound during the quarter at 35% below peak levels of last year. Crude-linked derivatives as well as vegetable oil prices inflated further on the back of geopolitical developments and weather-related concerns. The FMCG firm said during the quarter demand trends remained resilient despite the volatile operating environment. While we remain optimistic about the consumption trends, we continue to closely monitor the evolving inflationary and geopolitical conditions. Marico said it aims to maintain top-quartile volume growth in India and achieve double-digit constant-currency growth in its international business.