NSEGeneral Updates2 Jul 2026 · 2 Jul 2026, 04:07 pm
General Updates
Marico Limited · MARICO
✦ AI Summary▲ PositiveResults
Marico Limited has released a quarterly update for Q1 FY 2026-27, highlighting steady demand trends, robust business growth, and a strong operating profit growth driven by investments in brand building initiatives and softening copra prices. The company expects a consolidated revenue growth in early twenties, driven by broad-based performance across its core, digital, and international businesses.
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
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Liquidity Impact9/10
Market Sentiment8/10
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Full Announcement
Please find enclosed an update on the operating performance and demand trends witnessed during the quarter ended June 30, 2026.
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July 2, 2026
The Secretary, The Manager,
Listing Department, Listing Department,
BSE Limited, The National Stock Exchange of India Limited,
1st Floor, Phiroze Jeejeebhoy Tower, Exchange Plaza, C-1 Block G,
Dalal Street, Bandra Kurla Complex, Bandra (East),
Mumbai – 400001 Mumbai – 400051
Scrip Code: 531642 Scrip Symbol: MARICO
Sub: Quarterly Update – Q1 FY 2026-27
Dear Sir/Madam,
Please find enclosed an update on the operating performance and demand trends witnessed during the
quarter ended June 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 ended June 30, 2026.
Thank you.
Yours faithfully,
For Marico Limited
Vinay M A
Company Secretary & Compliance Officer
Encl.: As above
Quarterly Update: Q1 FY27
This update seeks to provide an overall summary of the operating performance and demand trends witnessed
during the quarter ended 30th June 2026. A detailed Information Update will follow this once the Board approves
the financial results for Q1 FY27.
Demand trends during the quarter remained steady, supported by resilient economic activity. Looking
ahead, we remain optimistic about consumption trends, while closely monitoring the evolving inflationary
conditions and the impact of El Niño on the monsoon.
The India business further accelerated its growth trajectory, delivering double-digit underlying volume
growth and reaching multi-quarter high. Parachute Coconut Oil delivered a robust performance touching
double-digit volume growth, its highest in several quarters. The brand’s outperformance is reflective of its
formidable equity, consumer trust and our sharp execution. Saffola Oils recorded mid-single digit price-led
revenue growth, however, volumes declined as we rationalised supply of select variants to maintain
threshold profitability in the trade-off with volume growth. Value Added Hair Oils delivered another robust
quarter with revenue growth in twenties supported by strategic focus on the mid and premium segments,
enhanced direct reach driven by Project SETU and differentiated innovations. Foods and Premium Personal
Care (including digital-first brands) continued to scale-up in line with our aspirations, reinforcing the
acceleration of our diversification journey.
International business continued its strong growth momentum with mid-teens constant currency growth
led by outperformance in Vietnam and MENA alongside positive contribution from all other markets.
Bangladesh experienced a transient moderation in growth due to pricing anniversarization and marginal
demand softness amidst elevated inflation.
Consolidated revenue is expected to grow in early twenties, driven by robust broad-based performance
across our core, digital and international businesses.
Among key inputs, the cost of crude-linked derivatives and vegetable oils rose sharply during the quarter.
Copra prices have corrected meaningfully, down ~45% from peak levels, although they remain above
historical averages. Consequently, gross margin is expected to improve sequentially. ASP investments
accelerated substantially as we invested in brand building initiatives to strengthen the long-term equity of
our franchises and drive portfolio diversification. Overall, we expect a strong operating profit growth
driven by robust business growth and softening in copra prices.
The solid start to the year underscores strategic clarity, strength of our business model and execution rigor
- reaffirming our confidence to achieve our full year aspirations.
The Company maintains its aspiration of delivering sustainable and profitable volume-led growth over the
medium term, enabled by the strengthening brand equity of its core franchises and scale-up of new growth
engines across markets.
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