FMCG major Marico delivered robust March quarter results with consolidated profit after tax rising 14% year-on-year to ₹391 crore from ₹343 crore in the corresponding quarter last year. According to reports from The Economic Times, the company posted consolidated revenue from operations of ₹3,333 crore for the quarter ended March 2026, representing a 22% increase from ₹2,730 crore in the year-ago period. EBITDA also grew 14% to ₹521 crore from ₹458 crore in the corresponding quarter last year.
Despite strong revenue growth, EBITDA margin contracted 114 basis points to 15.6% from 16.8% a year ago as higher raw material costs continued to weigh on profitability, as reported by The Economic Times. However, margins showed sequential improvement as copra prices started easing during the quarter. The margin pressure reflects the ongoing challenge of managing input cost inflation across the FMCG sector, with companies like Marico adapting through strategic packaging changes and supply chain localization to manage surging costs and protect margins.
The company's India business delivered underlying volume growth of 9% in the March quarter, marking one of its strongest quarterly performances in recent years. According to The Economic Times, India revenues rose 21% year-on-year to ₹2,505 crore, with Marico stating that over 95% of its portfolio either gained or sustained market share during the period. Key categories showed strong performance with Parachute coconut oil posting 29% revenue growth and value-added hair oils growing 26%. The robust India performance demonstrates the company's strong domestic market execution and brand strength.
The international business remained another key growth driver, posting 19% constant currency growth during the quarter and 25% growth in rupee terms, as reported by The Economic Times. Bangladesh delivered 35% constant currency growth, while Vietnam grew 18%. However, the Middle East and North Africa region declined 7% amid geopolitical disruptions in the Gulf. The foods portfolio grew 16% during the quarter and crossed the ₹1,000 crore annual revenue milestone in FY26, with international markets continuing to provide strong momentum despite regional challenges.
For the full financial year FY26, Marico reported revenue of ₹13,611 crore, up 26% year-on-year, marking the company's highest annual growth in 14 years, according to The Economic Times. EBITDA rose 9% to ₹2,328 crore, while recurring profit after tax increased 11% to ₹1,762 crore. The board recommended a final dividend of ₹4 per equity share for FY26. Looking ahead, Managing Director and CEO Saugata Gupta expects to maintain high single-digit volume growth in India in FY27 and mid-teen constant currency growth in international markets, while targeting revenue of over ₹15,000 crore next year and reiterating the long-term goal of crossing ₹20,000 crore in revenue by FY30.
