Marico Q1 FY27 Earnings Call Transcript Released
Marico reported a strong Q1 FY27 with consolidated revenue up 23% and profit up 25%. India business saw 11% volume growth and 21% revenue growth. International business grew 15% in constant currency. The company expects full-year revenue to exceed INR15,000 crore and targets high-teens EBITDA growth.
The announcement details robust financial performance for the quarter, including significant revenue and profit growth, strong volume expansion in key segments like India and international markets, and positive future guidance. This provides substantial information for investors regarding the company's current health and future prospects.
The company reported strong financial results with significant growth in revenue, EBITDA, and PAT, outperforming expectations and historical performance. Positive commentary on market share gains, brand performance, and future outlook further strengthens the positive sentiment.
Marico Limited has released the transcript of its earnings conference call held on August 4, 2026, discussing the un-audited financial results and operations for the quarter ended June 30, 2026. The call featured insights from MD & CEO, Mr. Saugata Gupta, and Group CFO & CEO - International Business, Mr. Pawan Agrawal.
During the quarter, Marico reported a strong consolidated revenue growth of 23% and EBITDA and PAT growth of 25%, marking the highest profit growth in 28 quarters. The India business achieved 11% volume growth and 21% revenue growth, driven by core business momentum and scaling of new growth engines. Over 96% of the business gained or sustained market share, and over 99% gained or sustained penetration on a MAT basis. Quick commerce saw over 50% growth, now contributing around 5% of India business revenues (excluding digital brands), with all digital channels combined accounting for over 20%.
The international business reported 15% constant currency growth, with outperformance in Vietnam and MENA. Gross margin expanded by 30 basis points year-on-year due to softer copra prices and a favorable channel and portfolio mix. Advertising and sales promotion expenses increased by 25% to support brand investments and innovation. EBITDA margin improved by 40 basis points to 20.7%. On a two-year basis, volume, revenue, and PAT compounded at 10%, 23%, and 17%, respectively.
Key domestic business highlights include Parachute Rigids delivering 10% volume growth and gaining over 400 basis points in volume share. Value-added hair oils showed 22% value growth, with the mid- and premium segments performing strongly. The almond oil franchise aims to reach INR100 crore plus ARR by FY28. Saffola Edible Oil reported 7% revenue growth with a high single-digit volume decline due to calibrated pricing actions. The Foods portfolio grew by 43%, reaching an annualized revenue run rate of INR1,300 crore, while Premium Personal Care reached an annualized revenue run rate of INR450 crore. The digital-first portfolio, led by Beardo and Plix, achieved an ARR of over INR1,100 crore.
Internationally, Vietnam delivered 27% constant currency growth, MENA grew 25%, and South Africa posted 8% growth. Marico's outlook remains optimistic, with expectations of delivering double-digit revenue growth to cross INR15,000 crore easily for the full year, aiming for high-teens EBITDA growth, potentially touching 20%. India is expected to deliver high single-digit volume growth, and the international business mid-teens constant currency growth. The company is focused on strengthening core franchises, expanding into adjacencies, scaling digital businesses profitably, and diversifying its international growth engine, guided by its EDGE framework.
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