In its Quarterly Update – Q1 FY 2026-27, the company said demand trends during the June quarter remained steady, supported by resilient economic activity. “Demand trends during the quarter remained steady, supported by resilient economic activity,” Marico said.
“Looking ahead, we remain optimistic about consumption trends, while closely monitoring the evolving inflationary conditions and the impact of El Niño on the monsoon,” it said.
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Marico said its India business accelerated its growth trajectory during the quarter. “The India business further accelerated its growth trajectory, delivering double-digit underlying volume growth and reaching a multi-quarter high,” the company said.
“Parachute Coconut Oil delivered a robust performance touching double-digit volume growth, its highest in several quarters,” Marico said, adding that the brand’s performance was supported by consumer trust, brand equity and execution.
Saffola Oils recorded mid-single-digit price-led revenue growth, although volumes declined after the company rationalised supplies of select variants to maintain profitability.
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Value Added Hair Oils reported revenue growth in the twenties, aided by focus on the mid and premium segments, expanded direct reach through Project SETU and product innovations. Foods and Premium Personal Care, including digital-first brands, continued to scale up.
The international business maintained strong momentum with mid-teens constant currency growth, led by Vietnam and the MENA region, while all other markets also contributed positively. Bangladesh saw temporary moderation in growth due to pricing anniversarization and softer demand amid elevated inflation.
On the cost front, Marico said crude-linked derivatives and vegetable oil prices increased sharply during the quarter. “Copra prices have corrected meaningfully, down ~45% from peak levels, although they remain above historical averages. Consequently, gross margin is expected to improve sequentially,” the company said.
Marico said it stepped up advertising and sales promotion investments during the quarter. “ASP investments accelerated substantially as we invested in brand building initiatives to strengthen the long-term equity of our franchises and drive portfolio diversification,” it said.
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The company expects operating profit to grow strongly. “Overall, we expect strong operating profit growth driven by robust business growth and softening in copra prices,” Marico said.
Reiterating its outlook, the company said, “The company maintains its aspiration of delivering sustainable and profitable volume-led growth over the medium term, enabled by the strengthening brand equity of its core franchises and scale-up of new growth engines across markets.”
Shares of Marico Ltd ended at ₹856.00, up by ₹5.55, or 0.65%, on the BSE.
