Marico Revenue Up 20% on Pricing, Hair Oil Biz

New Delhi, Apr 2 (PTI) Homegrown FMCG firm Marico on Thursday said its revenue in the March quarter of FY26 "grew in the low twenties year-on-year" on a year-on-year basis, led by pricing, its hair oil and international business.

During the quarter, the FMCG sector witnessed a "stable demand sentiment", however, the macroeconomic impact of the evolving geopolitical situation in the Middle East is a key "monitorable", Marico said in its quarterly updates.

However, Marico remains hopeful of a gradual improvement in consumption trends in the quarters ahead, said the makers of Saffola and Parachute in its quarterly update for Q4/FY26.

During the quarter, its India business sustained high single-digit underlying volume growth on a year-on-year basis; however, sequential improvement was slight.

Marico's international business maintained its "stellar momentum" with growth in the high teens in constant currency terms.

"Each market contributed positively, apart from the Gulf region, which was impacted by ongoing geopolitical headwinds in March," said Marico.

Its consolidated revenue in the March quarter "grew in the low twenties" on year-on-year during the quarter, enabling it to "achieve our full-year aspiration of mid-twenties growth", said Marico.


This performance was underpinned by top-quartile volume growth, a robust recovery in VAHO (value-added hair oils), formidable equity and pricing power of core franchises, visible advancement of profitable diversification journey and strong momentum in the international business, the company said.

"With the building blocks of sustainable growth firmly in place, we remain confident of delivering healthy volume-led revenue growth in FY27," it said.

Among key inputs, copra prices corrected 35 per cent from its peak and is expected to be rangebound in the coming months.

While vegetable oils and crude-sensitive materials exhibit a pronounced upward bias, it will continue to "judiciously exercise the pricing power" of its franchises to alleviate the impact of the same, while maintaining assured availability of crude-linked inputs.

"We expect a sequential improvement in gross margin, driven by easing copra prices," it said, adding, "we expect double-digit operating profit growth in this quarter, with a sequential improvement in growth".

Marico Q4 updates provide an overall summary of the operating performance and demand trends witnessed during the quarter ended March 2026.

"A detailed information update will follow this once the board approves the financial results for Q3 FY26," it said.