Marico sees Q2 consolidated revenue growth in thirties, eyes festive demand boost

Marico Ltd said on Friday its consolidated revenue growth for the September quarter (second quarter of financial year 2026) is expected to be in the “thirties” year-on-year, supported by resilient international performance and benefits from GST rate cuts in parts of its India business.

The maker of Parachute hair oil and Saffola foods also projected modest growth in operating profit on a year-on-year basis.

In the same quarter last year, Marico had reported a 7.6% rise in revenue from operations to ₹2,664 crore and a 20.3% jump in consolidated net profit to ₹433 crore.

The consumer goods maker said demand trends remained stable through most of the quarter and it expects sentiment to gradually improve during the festive season and beyond.

Around 30% of its India business has gained from GST rationalisation, while its foods and premium personal care segments sustained an accelerated scale-up. International business maintained robust momentum, with constant currency growth in the twenties.

Marico Q1 results

Marico posted an 8.2% year-on-year rise in consolidated net profit for the first quarter of FY26 at ₹513 crore, beating the CNBC-TV18 poll estimate of ₹495 crore, aided by improved profitability in core categories. The figure was up from ₹474 crore in Q1 FY25.

Revenue from operations surged 23.3% to ₹3,259 crore from ₹2,643 crore a year earlier, though it came in marginally below the Street estimate of ₹3,270 crore.

Operating profit (EBITDA) rose 4.6% to ₹655 crore from ₹626 crore a year ago, slightly under the projected ₹664 crore. The EBITDA margin narrowed to 20.1% from 23.7% last year and was a touch below the expected 20.3%.

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