Shares of Marico Ltd surged 3.84% to ₹740.75 on Friday morning after the homegrown FMCG company reported strong consolidated revenue growth for the first quarter of FY26. The company posted year-on-year (YoY) revenue growth in the low twenties, driven by a multi-quarter high volume trajectory in India and double-digit growth in international markets.
Marico said the demand environment remained steady, with rural markets showing signs of recovery and urban sentiment staying stable. Core categories and new business lines supported sequentially improving volumes in the India business.
Key Highlights:
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Parachute oil saw a marginal volume decline due to inflationary costs, but the number of packs sold rose after adjusting for smaller pack sizes.
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Saffola oils delivered revenue growth in the high twenties with mid-single-digit volume growth, benefiting from lower import duties passed on to consumers.
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Value-added hair oils grew in low double digits, led by premium segments and stronger brand investments.
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Foods and premium personal care, including digital-first brands, continued scaling up profitably.
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International business grew in the high teens (constant currency), with Bangladesh showing resilience.
On the raw materials front, copra prices rose due to unseasonal rains, vegetable oil prices softened following import duty cuts, and crude oil derivatives stayed rangebound. The company expects gross margin pressure in H1FY26 due to a high base but sees improvement in the second half. Operating profit is expected to grow modestly YoY.
Marico reiterated its medium-term goal of sustainable, volume-led growth, underpinned by stronger brand equity in core categories and expansion into new segments.
At the time of writing, Marico shares were trading at ₹740.75 compared to the previous close of ₹713.35.
