Marico Q2 FY27 Update: Double-Digit Revenue Growth, Strong India Business Momentum
Marico anticipates double-digit consolidated revenue growth in Q2 FY27. India business achieved double-digit volume growth, with Parachute Coconut Oil accelerating and Value Added Hair Oils growing in the twenties. International business saw teens growth. Operating profit is expected to grow in the mid-twenties, with gross margins improving year-on-year.
The update provides strong forward-looking guidance on revenue, gross margin, and operating profit growth, exceeding near-term expectations. This significant positive financial outlook is expected to have a substantial impact on investor sentiment and the company's valuation.
The announcement highlights strong double-digit growth in both domestic and international businesses, resilient demand, and positive outlook on consumption, with expected improvements in margins and operating profit. This indicates a favorable business performance.
Marico Limited has provided a quarterly update for Q2 FY27, ending September 30, 2026. The company reported resilient domestic demand despite a volatile operating environment, with an optimistic outlook on consumption trends while monitoring inflation.
The India business demonstrated strong momentum, achieving double-digit underlying volume growth. Parachute Coconut Oil saw accelerated growth in the early teens, driven by brand equity and supply chain advantages. Saffola Oils experienced mid-single-digit price-led growth, with volumes declining due to a focus on profitability and rationalized supply. Value Added Hair Oils achieved its sixth consecutive quarter of strong growth in the twenties, fueled by investments in premium segments and expanded direct reach. Foods and Premium Personal Care, including digital-first brands and shampoos, sustained their growth momentum, aligning with diversification aspirations.
The international business delivered robust growth in the teens on a constant currency basis, led by strong performances in Vietnam, the Middle East, and South Africa. Bangladesh showed marginal sequential improvement, albeit against a high base and elevated inflation.
Consolidated revenue is projected to grow in double digits, reflecting strong performance across core, digital, and international portfolios. The company expects a significant acceleration in gross margin year-on-year due to a favorable portfolio mix and tailwinds from copra prices, which remained approximately 35% below peak levels. Investments in advertising and sales promotion (ASP) increased significantly for brand building and growth initiatives. Operating profit is anticipated to grow in the mid-twenties.
Marico anticipates surpassing its near-term guidance across key financial parameters for the first half of the year, driven by the sustained strength of its core franchises and the scaling up of new growth engines. The company reaffirms its medium-term aspiration for sustainable, profitable, volume-led growth.
What to do with a filing like this
Marico Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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.