Marico Limited Holds 38th AGM, Discusses FY26 Performance and Future Vision
Marico Limited held its 38th AGM on August 6, 2026. The company reported FY26 consolidated revenue of ₹13,611 Crore (up 26%) and profit after tax of ₹1,762 Crore (up 11%). The India business grew 28% to ₹10,348 Crore with 8% volume growth. Marico aims for ₹20,000 Crore revenue by 2030 and declared a ₹4 per share dividend for FY26.
The AGM transcript covers key financial results, strategic direction, and shareholder engagement, providing significant information that can influence investor decisions.
The announcement details strong financial performance in FY26, exceeding revenue and growth targets, and outlines a clear vision for future growth, which is positive for investors.
Marico Limited has released the transcript of its 38th Annual General Meeting (AGM), held on August 6, 2026. The meeting, conducted via video conferencing, covered the company's performance in the financial year 2025-26 and its strategic outlook.
During the AGM, Chairman Mr. Harsh Mariwala highlighted Marico's strong and resilient performance in FY26, marked by multi-year high consolidated revenue growth and volume growth in its India business. He reiterated the company's Vision 2030 aspiration to achieve ₹20,000 Crore in revenue, emphasizing innovation, purposeful brand building, and operational excellence. The company's strategic focus includes strengthening core franchises, scaling high-growth adjacencies, building future-ready digital brands, and deepening technological capabilities.
Managing Director & CEO, Mr. Saugata Gupta, provided a detailed operational review. He reported consolidated revenue of ₹13,611 Crore, a 26% year-on-year increase, with recurring consolidated profit after tax at ₹1,762 Crore, up 11%. The India business recorded a turnover of ₹10,348 Crore with 8% underlying volume growth. Digital salience, including E-Commerce and D2C, reached 20% of the India business. The Foods business crossed the ₹1,000 Crore revenue mark, and the digital-first portfolio achieved an annualized revenue run-rate of over ₹1,100 Crore. The company aims to cross ₹15,000 Crore in revenue in FY27 and ₹20,000 Crore by 2030. Dividend payout for FY26 was ₹4 per share.
Shareholders raised questions and offered suggestions on various aspects, including leveraging digital marketing, improving operating margins, strengthening brands, capacity utilization, geopolitical impacts on export business, potential acquisitions, bonus issues, and product development, particularly in health and wellness categories. The management addressed these points, emphasizing the company's strategic initiatives and commitment to stakeholder value creation.
A plain-language summary of a public exchange filing by Marico Limited. Read the original for the full detail.