BSECompany Update2 Nov 2026 · 2 Nov 2026, 03:47 pm

Please find enclosed the Information Update along with an earnings presentation on the un-audited consolidated and standalone financial results of the Company for the quarter and half year ended September 30, 2026.

Marico Ltd · 531642

✦ AI Summary▲ PositiveResults

Marico Ltd has announced its Q2 FY27 results, showing strong performance with volume-led teens revenue growth, margin expansion, and sustained robust momentum across India and international markets.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment9/10

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Marico Ltd - 531642 - Information Update For The Quarter And Half Year Ended September 30, 2026

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November 2, 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 – 400 051 Scrip Code: 531642 Scrip Symbol: MARICO Sub: Information Update for the quarter and half year ended September 30, 2026 Dear Sir/Madam, Please find enclosed the Information Update along with an earnings presentation on the un-audited consolidated financial results of the Company (i.e. Marico Limited and its Subsidiaries) for the quarter and half year ended September 30, 2026. The same is being made available on the website of the Company at: https://marico.com/india/investors#quarterly. This is for your information and records. Thank you. For Marico Limited Vinay M A Company Secretary & Head- Legal Operations Encl.: As above Marico Information classification: Official Q2 FY27 Results November 2026 Safe Harbour Statement This Release / Communication, except for the historical information, may contain statements, including the words or phrases such as ‘expects, anticipates, intends, will, would, undertakes, aims, estimates, contemplates, seeks to, objective, goal, projects, should’ and similar expressions or variations of these expressions or negatives of these terms indicating future performance or results, financial or otherwise, which are forward looking statements. These forward looking statements are based on certain expectations, assumptions, anticipated developments and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, market growth, intense competition and the pricing environment in the market, consumption level, ability to maintain and manage key customer relationship and supply chain sources and those factors which may affect our ability to implement business strategies successfully, namely changes in regulatory environments, political instability, change in international oil prices and input costs and new or changed priorities of the trade. The Company, therefore, cannot guarantee that the forward-looking statements made herein shall be realized. The Company, based on changes as stated above, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events. The Company does not undertake any obligation to update forward looking statements that may be made from time to time by or on behalf of the Company to reflect the events or circumstances after the date hereof. Index 01 02 03 04 Operating Performance Outlook Financials Environment Highlights Operating Environment Real GDP Growth Rates (%) Consumer Inflation % 10% 10% Consumption 9% 8% Consumer demand trends remained healthy aided by favorable policy stimulus 4% Jan-26 Feb-26 Mar-26 Apr-26May-26 Jun-26 Jul-26 Aug-26 Sep-26 Q1FY25Q2FY25Q3FY25Q4FY25Q1FY26Q2FY26Q3FY26Q4FY26Q1FY27 -2% Inflation Real GDP CPI Food Inflation Transport Inflation Geopolitical volatility and rising inflation especially crude and vegetable oil remains a key monitorable Resilient economic activity driven by Evolving geopolitical situation and private consumption and investment weather-related risks drive inflation Source: MoSPI and RBI Index 01 02 03 04 Operating Performance Outlook Financials Environment Highlights Strong performance underpinned by volume-led teens revenue growth 10% 13% 13% Domestic Volume Growth International CCG Consolidated Revenue Growth 600 bps 44% 27% 31% Consolidated Gross Consolidated A&P Consolidated EBITDA Growth; Consolidated PAT Margin Expansion Spends Growth 200bps margin expansion Growth Highest in 50 quarters Highest in 51 quarters India Business Revenue up 10% YoY | International Business Revenue up 23% YoY (in INR terms) With sustained robust momentum across India and International markets India Volume Growth International Business CCG Consolidated Revenue Growth 19% 19% 27% 10% 16% 16% 23% 22% 23% 9% 9% 20% 8% 13% 13% 7% 7% 6% 10% 13% Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 FY27 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 FY27 FY25 FY25 FY25 FY25 FY26 FY26 FY26 FY26 FY27 FY27 7 out of 10 quarters delivered high- 9 out of 10 quarters delivered teens or 8 out of 10 quarters delivered teens or single digit volume growth higher CCG higher revenue growth Sustained Track Record of Consistent Outperformance across India and International Markets Parachute accelerates growth, while VAHO continues on its strong growth momentum Parachute Coconut Oil Saffola Edible Oils Value Added Hair Oils (34% of India Revenues) (16% of India Revenues) (18% of India Revenues) 13% ~1% High Single 6% 80 bps 21% Digit Volume Q2 Volume Growth Q2 Value Growth Q2 Value Growth MAT Value MS Gain Q2 Value Growth Decline Highest in 22 quarters Portfolio contribution is based on TTM Saffola Foods sustains healthy growth, while acquisitions accelerate sequentially ₹ 1500+ Crore Annualised Revenue Run-rate Q2 Value Growth Premium Personal Care (incl. Digital-First) continues its strong momentum Premium Personal Care Digital-First Premium Personal Care ₹ 500+ Crore ~₹ 1150 Crore Annualised Revenue Run-rate Annualised Revenue Run-rate SETU 2.0 | Building further competitive moats in India and Globally Driving Execution Excellence Next phase of GTM transformation 1.5x+ ~2x FY24 to FY27 exit FY24 to FY27 exit INDIA Direct Reach Deeper rural penetration AI enabled assortment Premium Foods and Digital-first brands Scaled (stockist added) selling, gamification of Personal Care GTM in General Trade sales call Stronger sales rhythm, higher throughput and better assortment Continue to drive distribution expansion Fit-for-purpose and Better assortment aiding Drive profitable growth and 01 02 03 THE SETU PLAYBOOK fit-for-future GTM Model premiumization competitive advantage SETU1.0 Global | India playbook now scaling internationally Vietnam Bangladesh GLOBAL Direct Reach Expansion In-store execution AI-led selling Roll-out in early stages Diversified market momentum drives robust International growth Bangladesh Vietnam MENA South Africa 5% 22% 15% 15% Q2 CCG Q2 CCG Q2 CCG Q2 CCG Resilient performance amidst Healthy Growth across portfolio Strong performance supported by Acceleration in growth persistent inflation and on a high and sustained acceleration in E- focused execution momentum led by Hair Care base Commerce International business CCG : Q2 13% | H1 14% Index 01 02 03 04 Operating Performance Outlook Financials Environment Highlights Near term: Consistently deliver top quartile outcomes across key performance metrics… India Volume Growth (%) International Business CCG (%) 2Y CAGR HSD 2Y CAGR High Teens DD Mid-Teens FY25 FY26 FY27E FY25 FY26 FY27E Expect Double-digit (DD) volume growth in FY27 Sustain Mid-teens CCG in FY27 Consolidated Revenue Growth (%) Consolidated EBITDA Growth (%) 2Y CAGR High Teens 2Y CAGR High Teens FY25 FY27E FY25 FY27E Teens revenue growth, ₹15,000+ Cr. in FY27 Mid-twenties EBITDA growth in FY27 …backed by sharp execution, strong capabilities and strategic clarity Copra tailwinds Supply Chain & Higher profit uplift Scaling Premium Institutionalized Pricing Power of alleviating other Back-end driven by Foods & Categories in Cost Management Core Brands input cost inflation Capabilities PPC* scale-up Overseas Markets Program Leveraging strong Softening copra Robust sourcing in Tapping synergies Driving scale Structural cost equity of our prices to mitigate core commodities and economies of across markets savings driven market leader crude-linked cost & supply chain scale through premium through ‘MarVal’ brands inflation intelligence categories program *PPC - Premium Pe [Showing first 8,000 characters — download PDF for full document]