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Marico Limited is an Indian consumer goods company specializing in beauty and wellness products. Founded in 1988, it manufactures and markets brands such as Parachute, Saffola, Nihar Naturals, and Set Wet. The company operates in various product categories including coconut oil, refined edible oils, hair care, male grooming, and packaged foods. Marico has a significant presence in India with seven factories and a distribution network spanning regional offices, carrying and forwarding agents, redistribution centers, and distributors. Internationally, Marico operates in about 50 countries with brands like HairCode, Fiancee, and X-Men. The company has expanded through acquisitions and joint ventures, including purchases in Vietnam and South Africa. Marico has also invested in emerging brands like Beardo and True Elements to strengthen its portfolio in male grooming and wellness sectors.
In the news

Marico Q1 FY27: Smart Strategy Meets Lower Input Costs

Marico targets ₹20,000 crore revenue with mid-teens EBITDA growth by 2030

Marico Gets Buy Rating with ₹1,000 Target Price

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Marico Q1 FY27: Strong 22% revenue growth, volume recovery signals sector turnaround

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Marico Cuts Parachute Oil Price 17% as Copra Costs Fall

Protein products surge as Indian diet trends shift mainstream

Wipro shares rise for third straight session, up 1.26%

Marico launches Parachute Advanced Protein Shampoo range

Marico Launches Parachute Advansed Protein Shampoo Range

Marico targets ₹20k cr revenue by FY30, eyes ₹15k cr by FY27

Marico Q4 FY26: ₹3,333 cr revenue, 9% volume growth drives ₹15,000 cr target

Marico Q4 FY26: 9% profit growth, 7-year volume high amid cost pressures

Marico shares target 16% upside after 18% Q4 profit surge

Marico posts 26% revenue growth, targets ₹15,000+ crore next year

Marico Q4 profit rises 14% to ₹391 cr, declares ₹4 dividend

Raymond Q4 profit drops 53% to ₹11.93 crore, revenue up 8%
Company insights, generated from the most recent coverage.
Minimal Nepal exposure (<1% of international revenue); diversified presence across 50+ countries mitigates regional disruption risks.
The Quarter story
The two most recent quarterly results, compared side-by-side.
Marico delivers a strong profitability rebound and efficient working capital management, supported by accelerating India volume growth and steady core market share gains.
EBITDA Margin expanded from 16.8% in Q4 2024-25 to 20.7% in Q1 2026-27, reflecting stronger pricing power and cost discipline.
Material Cost rose from ₹1,404 Cr in Q4 2024-25 to ₹2,112 Cr in Q1 2026-27, pressuring gross margins despite volume gains.
Net Working Capital days dropped from 44 in Q4 2024-25 to 26 in Q1 2026-27, improving cash conversion cycles.
Bangladesh CCG swung from 35% in Q4 2025-26 down to 4% in Q1 2026-27, signaling sharp regional demand weakness.
India Business Volume Growth accelerated from 7% in Q4 2024-25 to 11% in Q1 2026-27, outpacing sector averages.
Post-wash Leave-on Serums Market Share slipped from 47% in Q4 2024-25 to 44% in Q1 2026-27, facing intensifying competitive pressure.
Parachute Rigid Market Share grew from 54% in Q4 2024-25 to 59% in Q1 2026-27, reinforcing category leadership.
Employee Cost increased from ₹208 Cr in Q4 2024-25 to ₹269 Cr in Q1 2026-27, outpacing revenue growth in recent quarters.
GHG Emissions Reduction improved from 57% in Q4 2024-25 to 87% in Q1 2026-27, advancing long-term sustainability targets.
Water Consumption Intensity Reduction eased from 54.36% in Q4 2024-25 to 29% in Q1 2026-27, requiring closer operational monitoring.