Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 copy of transcript of the earnings conference call held on Tuesday, August 4, 2026 ....

August 11, 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: Transcript of the earnings conference call Dear Sir/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, copy of transcript of the earnings conference call held on Tuesday, August 4, 2026 on the un-audited financial results and operations of the Company for the quarter ended June 30, 2026, is enclosed. The said transcript is also available on the Company’s website at https://marico.com/investorspdf/Marico_Limited_Q1FY27_Earnings_Call_Transcript.pdf. This is for your information and records. Thank you. For Marico Limited Vinay M A Company Secretary & Compliance Officer Encl.: As above Marico Information classification: Official “Marico Limited Q1FY27 Earnings Conference Call” August 04, 2026 MANAGEMENT: MR. SAUGATA GUPTA – MD & CEO, MARICO LIMITED MR. PAWAN AGRAWAL – GROUP CFO & CEO- INTERNATIONAL BUSINESS, MARICO LIMITED Page 1 of 17 Marico Information classification: Official Marico Limited August 04, 2026 Moderator: Ladies and gentlemen, good day, and welcome to the Marico Limited Q1 FY27 Earnings Conference Call. We have with us the senior management of Marico, represented by Mr. Saugata Gupta, MD and CEO; and Mr. Pawan Agrawal, Group CFO and CEO, International Business. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star and then zero on your touchtone phone. Before we get started, I would like to remind you that the Q&A Session is only for institutional investors and analysts, and therefore if there is anybody else who is not an institutional investor or analyst but would like to ask questions, please directly reach out to Marico's Investor Relations team. I now hand the conference over to Mr. Saugata Gupta. Thank you, and over to you. Saugata Gupta: Good evening, everyone, and thanks for joining the call. I'll start with a perspective on the operating environment during the quarter gone by, after which I'll cover our performance, strategic priorities and our outlook going forward. During the quarter, macro environment globally remained volatile with supply chain disruptions and increasing energy costs impacting economic activity. Despite these global headwinds, India continued to demonstrate resilience backed by strong underlying fundamentals. Domestic demand remained healthy and economic activity continued to expand. While there was a rise in consumer inflation led by food and a marginal fuel price hike, it remained within RBI's threshold. On the other hand, some of the international economies where we are operating have experienced some transient headwinds due to ongoing geopolitical development in the form of inflation and other costs. Moving on to our performance. We have started the year on a very strong note with a consolidated revenue growth of 23% and EBITDA and PAT growth of 25%, making our highest profit growth in the last 28 quarters. The India business delivered one of the strongest quarters in recent years with 11% volume growth and revenue growth of 21%, led by robust momentum in core business and continued scale-up of new growth engines. Over 96% of the business continued to gain or sustain market share and over 99% of the business continued to gain or sustain penetration on a MAT basis. The strong brand performance was well complemented by sharp execution across channels. Both general trade and modern trade recorded double-digit growth. The success of Project SETU continued to strengthen our general trade execution, driving wider reach, superior assortment quality, improved service levels and therefore, improved ROI for our distribution partners. Quick commerce continued its accelerated scale up, reporting more than 50% growth for our core business. It now contributes to around 5% of India business revenues, excluding digital brands, and all digital channels put together account to over 20% of India business revenues. Page 2 of 17 Regd. Off: 7th Floor, Grande Palladium, 175, CST Road, Kalina, Santa Cruz (East), Mumbai – 400098. CIN: L15140MH1988PLC049208. Email: investor@marico.com Marico Information classification: Official Marico Limited August 04, 2026 International business reported 15% constant currency growth, led by outperformance in Vietnam and MENA. Talking about our bottom-line performance, gross margin expanded 30 basis points year-on- year, led by softer copra prices, a favourable channel and portfolio mix coming from our strong growth in premium portfolio, GT growth and profitable scale up of our food and digital-first portfolio. Advertising and sales promotion expenses grew substantially at 25% as we continue to invest significantly behind our brands to strengthen their long-term equity, support innovation, some of the big innovations we have launched this quarter, and drive consumer salience. EBITDA margin improved 40 basis points year-on-year to 20.7%. Overall, this was a very strong quarter for us, made even noteworthy as it builds on a high base from the corresponding period last year. On a two-year basis, volume, revenue and profit after tax have compounded at 10%, 23% and 17%, respectively, reflecting the strength of our portfolio, brands, execution prowess and our resilience. Let us now touch upon the key trends across our domestic business. Parachute Rigids delivered 10% volume growth with strongest performance in the last 20 quarters and gained over 400 basis points in volume share, marking a new high. Revenue grew 23%, reflecting the anniversarization of prior year price increases and pricing actions done during the quarter as we proactively passed on value to the consumers in non-price point large packs amid softening in copra prices. Beyond the strong quarterly outcome, the performance underscores the enduring strength of the franchise and the competitive advantage we have built in supply chain compared to smaller players over decades. Our expertise in managing commodity cycles, combined with a differentiated supply chain and sharp execution enables us to respond faster to market changes based on a lot of learnings over the past few cycles where we have taken price drops. Value-added hair oils continued its strong momentum, delivering 22% value growth led by mid- and premium segment. Mid and premium hair oils portfolio contributed close to high teens volume growth, this is the profitable part of the mix. We continue to gain market share handsomely. Further, we are seeing encouraging progress in our almond oil franchise, and our aim is to build it to INR100 crores plus ARR franchise by FY28.Our performance in VAHO reflects the growing strength of our premium portfolio, supported by sustained investment in innovation, premiumization and distribution expansion - VAHO has benefited immensely from Project SETU. Saffola Edible Oil delivered 7% revenue growth during the quarter as we implemented calibrated pricing actions in response to further increase in input costs. The business reported a high single- digit volume decline as we rationalized supply of select variants in certain channels to maintain threshold profitability in the trade-off with volume growth. Our diversification agenda continues to gather momentum. The combined Foods and Premium Personal Care portfolio, including digital-first brands, has achieved significant scale and is increasingly becoming an important contributor to our growth. Page 3 of 17 Regd. Off: 7th Floor, Grande Palladium, 175, CST Road, Kalina, Santa Cruz (East), Mumbai – 400098. CIN: L15140M [Showing first 8,000 characters — download PDF for full document]