Marico Limited’s Q4 FY26 performance highlighted steady demand trends in its core India business, with volume growth coming in largely in line with expectations, while the company maintained a confident outlook for FY27.
The company reported India volume growth of 9% year-on-year for the March quarter, broadly matching street estimates and indicating sustained demand momentum across key categories. The performance was supported by strong execution and continued market share gains, with over 95% of the business either gaining or sustaining share.
International operations also remained robust, delivering 19% constant currency growth, further aiding the company’s overall performance.
At the consolidated level, Marico posted revenue growth of 22% year-on-year, while EBITDA grew 14% and profit after tax rose 14% during the quarter. EBITDA margin stood at 15.6%, reflecting some pressure due to input cost trends, although overall growth remained healthy.
For the full quarter, revenue came in at ₹3,333 crore, up 22.1% YoY, while EBITDA stood at ₹521 crore, rising 13.8% YoY. Net profit increased 14% YoY to ₹391 crore. On a sequential basis, however, revenue, EBITDA and profit saw some moderation.
Looking ahead, Marico has guided for continued steady growth in its India business, expecting to sustain high single-digit volume growth in FY27. The company also indicated that its international business is likely to deliver mid-teen constant currency growth, driven by broad-based performance across markets.
In terms of medium-term targets, Marico aims to achieve double-digit revenue growth and high-teen EBITDA growth by FY27, supported by improving demand conditions, product innovation, and continued expansion in both domestic and international markets.
Overall, the Q4 performance reinforces Marico’s steady growth trajectory, with India volume growth remaining resilient and FY27 guidance indicating continued momentum across key business segments.