Marico Q2 FY27 Earnings Call Transcript Released; Strong Performance Highlighted
Marico's Q2 FY27 earnings call transcript reveals strong performance: 13% consolidated revenue growth, 27% EBITDA growth, and 31% PAT growth. Parachute saw 13% volume growth, hitting 60% market share. Foods grew 45%, and premium personal care reached ₹500 crore ARR. The company raised its full-year outlook to teens revenue growth and mid-twenties EBITDA growth, aiming to cross ₹15,000 crore revenue.
The announcement provides a detailed operational and financial update, including improved growth forecasts and market share gains, which are material for investors and analysts.
The announcement details strong financial performance, significant market share gains in key products like Parachute, and an improved financial outlook. Management commentary expresses confidence and highlights strategic initiatives contributing to growth.
Marico Limited has released the transcript of its earnings conference call held on November 2, 2026, discussing the un-audited financial results for the quarter and half-year ended September 30, 2026. The company reported a strong all-round performance with consolidated revenue growing by 13%, driven by 10% volume growth in India and 13% constant currency growth internationally. EBITDA increased by 27% and PAT by 31%, marking the highest profit growth in 50 quarters. Gross margins expanded by approximately 600 basis points year-on-year due to a favorable portfolio mix and softer copra prices. Advertising and promotion expenditure rose by 44% to strengthen brand equity and scale new growth engines, yet EBITDA margins expanded by 200 basis points to 18.2%.
The company highlighted its evolved, diversified portfolio with multiple growth engines including core franchises, foods, premium personal care, and digital-first brands. Project SETU has significantly improved reach, assortment, and rural distribution, driving incremental volume growth. Parachute delivered 13% volume growth, its highest in 22 quarters, gaining 570 basis points of volume market share to reach 60%. Value-Added Hair Oil saw 21% value growth, and the almond hair oil franchise is on track to reach an annualized revenue run rate of over ₹100 crore by FY28.
In Saffola Edible Oil, a deliberate reset is underway to improve long-term profitability, involving rationalization of low-margin variants. Foods grew by 45%, crossing an annualized revenue run rate of ₹1,500 crore, with Saffola Oats retaining its position as India's number one oats brand. Premium Personal Care, led by Livon Serums and Parachute Advanced Protein shampoo, crossed an annualized revenue run rate of ₹500 crore. The digital-first personal care portfolio has grown to about ₹1,150 crore, with Beardo scaling by over 6x since 2020.
The international business showed robust momentum with 13% constant currency growth. Bangladesh grew 5% in constant currency, Vietnam 22%, MENA 15%, and South Africa 15%. For the first half, Revenue, EBITDA, and PAT increased by 18%, 26%, and 28%, respectively.
Marico is improving its annual outlook, expecting teens revenue growth and comfortably crossing the ₹15,000 crore revenue mark. EBITDA growth is now projected at mid-twenties, up from around 20%, with India Business volume growth expected to touch double digits for the full year. The company aims to reach its ₹20,000 crore vision by FY30, aspiring to achieve this target by 2029. Investment in advertising and promotion (A&P) is expected to be around 10% to 10.5% of sales on a steady-state basis, with a focus on shampoo and almond oil as key growth bets.
What to do with a filing like this
Marico Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Marico Limited. Read the original for the full detail.