NSEGeneral Updates5 Oct 2026 · 5 Oct 2026, 08:42 am
General Updates
Marico Limited · MARICO
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Marico Limited has provided a quarterly update on its operating performance and demand trends for the quarter ended September 30, 2026, highlighting strong momentum in its India business and robust performance in its international business.
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Please find enclosed an update on the operating performance and demand trends witnessed during the quarter ended September 30, 2026
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October 5, 2026
The Secretary, The Manager,
Listing Department, Listing Department,
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1 Block G,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400 001 Mumbai – 400051
Scrip Code: 531642 Scrip Symbol: MARICO
Sub: Quarterly Update – Q2 FY 2026-27
Dear Sir/Madam,
Please find enclosed an update on the operating performance and demand trends witnessed during the
quarter ended September 30, 2026. The same will also be made available on the website of the Company
shortly.
This will be followed by a detailed Information Update once the Board of Directors of the Company approves
the un-audited consolidated and standalone financial results for the quarter and half year ended
September 30, 2026.
Thank you.
Yours faithfully,
For Marico Limited
Vinay M A
Company Secretary & Compliance Officer
Encl.: As above
Quarterly Update: Q2 FY27
This update seeks to provide an overall summary of the operating performance and demand trends witnessed
during the quarter ended 30th September 2026. A detailed Information Update will follow this once the Board
approves the financial results for Q2 FY27.
Domestic demand remained resilient during the quarter, even as the operating environment stayed volatile
through the period. Looking ahead, we remain optimistic on consumption trends, while closely monitoring
the evolving inflationary conditions.
The India business continued its strong momentum, delivering another robust quarter with underlying
volume growth touching double digits. Parachute Coconut Oil sustained its strong performance and
accelerated further with early teens volume growth - a testament to the brand’s formidable equity, deep
consumer trust and our supply chain-led competitive advantage. Saffola Oils delivered mid-single digit
price-led growth, while volumes declined as we focused on maintaining threshold profitability and
rationalised supply of select variants. Value Added Hair Oils delivered its sixth consecutive quarter of stellar
growth, touching twenties for yet another quarter. The performance reflects the strength of the franchise
and the structural shift in its growth trajectory aided by investments in the mid and premium segments,
enhanced direct reach through Project SETU and aggressive growth in the Almond category. Foods and
Premium Personal Care, including digital-first brands and shampoo, sustained its growth momentum in line
with our aspirations, further accelerating the pace of our diversification journey.
The International business delivered a robust quarter with constant currency growth in the teens led by
strong performance in Vietnam, the Middle East and South Africa. Bangladesh witnessed a marginal
sequential improvement, even as it continued to lap a high base amid persistently elevated inflation.
Consolidated revenue is expected to grow in double digits with strong performance across our core, digital
and international portfolios, underscoring the effectiveness of our strategic priorities and execution
discipline.
Among key inputs, the cost of crude-linked derivatives elevated further, while copra prices remained
rangebound at ~35% below peak levels. We expect strong acceleration in gross margin on a year-on-year
basis led by favourable portfolio mix and tailwind from copra prices. ASP investments increased
significantly as we continued to invest behind brand building and growth initiatives. Overall, we expect
operating profit to grow in the mid-twenties.
With a strong performance through the first half of the year, we are likely to surpass our near-term
guidance across key financial parameters, anchored in the sustained strength of our core franchises and
the scale-up of new growth engines.
The Company maintains its aspiration of delivering sustainable and profitable volume-led growth over the
medium term.
Marico Information classification: Official
About Marico:
Marico (BSE: 531642, NSE: “MARICO”) is one of India’s leading consumer products companies operating in
the global beauty and wellness categories. During FY 2025-26, Marico recorded a turnover of ₹136.1 billion
(USD 1.5 billion) through its products sold in India and chosen markets globally.
Marico touches the lives of 1 out of every 3 Indians, through its portfolio of brands such as Parachute,
Saffola, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet,
Livon, Beardo, Just Herbs, True Elements, Plix, Cosmix and 4700BC. The overseas consumer products
portfolio contributes to about 24% of the Group’s revenue, with brands like Parachute, Parachute
Advansed, HairCode, Fiancée, Herbsindia, Purité de Prôvence, Ôliv, LASHE Superfood, Candid, Caivil,
Hercules, Black Chic, Code 10, Ingwe, X-Men, Thuan Phat and Isoplus.
Marico Limited
Reg Office: 7th floor, Grande Palladium, 175, CST Road, Kalina, Santacruz (East), Mumbai - 400 098
Tel: (91-22) 6648 0480
Fax: (91-22) 2650 0159
Website: www.marico.com
E-mail: investor@marico.com
CIN: L15140MH1988PLC049208
Websites:
www.marico.com, www.maricoinnovationfoundation.org, www.parachuteadvansed.com,
www.niharnaturals.com, www.saffola.in, www.setwet.com, www.mylivonmysalon.com, www.beardo.in,
www.true-elements.com, www.justherbs.in, www.plixlife.com, www.cosmix.in, www.4700bc.com,
www.parachutekalpavriksha.org
Marico Information classification: Official