Marico has reported consolidated revenue from operations of Rs 3,537 crore in Q3FY26, marking a 27% year-on-year increase, supported by 8% underlying volume growth in India and 21% constant currency growth in international markets.
The company has posted EBITDA growth of 11% YoY and profit after tax of Rs 447 crore, reflecting a 12% annual rise.
The India business has generated revenues of Rs 2,681 crore, up 28% YoY, driven by sequential improvement in underlying volumes and pricing interventions across core portfolios over the past year in response to inflation in input costs.
E-commerce and quick commerce have continued to lead growth, while traditional trade has shown improved traction. More than 95% of the portfolio has gained or sustained market share, with approximately 80% maintaining or improving penetration on a MAT basis.
The international business has sustained robust momentum, delivering 21% constant currency growth, with broad-based double-digit expansion across markets including Vietnam, South Africa, Bangladesh, and MENA.
Vietnam and South Africa have rebounded following targeted strategic initiatives, while Bangladesh has recorded 29% constant currency growth.
Gross margin has improved sequentially by around 90 basis points due to easing copra prices, though it has remained under pressure year-on-year. The company has continued to invest in long-term brand equity, increasing advertising and promotion spends by 15% YoY. EBITDA margin has stood at 16.7%, reflecting continued investments in growth and brand building.
During the quarter, Marico has announced a strategic investment in Zea Maize, the owner of gourmet snacking brand 4700BC, as part of its broader diversification strategy in premium foods and snacking.
Read more: Marico Acquires Majority Stake In Gourmet Snacking Brand 4700BC From PVR INOX For Rs 227 Cr
The brand has expanded across offline, online, and institutional channels, including airlines and cinemas.
Within the India portfolio, Value-Added Hair Oils has delivered 29% value growth and gained 170 basis points in value market share, reaching approximately 30% on a MAT basis. Parachute Rigids has shown resilience, recording revenue growth of 50% despite marginal reported volume softness, while Premium Personal Care and Digital-first portfolios have sustained accelerated growth momentum
Marico has reiterated its outlook of maintaining steady growth across core categories, with plans to scale Foods and Digital-first portfolios significantly by FY27. The company has also highlighted ongoing investments in direct reach expansion under Project SETU and sustained confidence in volume growth and market share gains.
Saugata Gupta, MD and CEO, commented, “Our performance in the quarter and year so far reflects the strength of our operating model and the effectiveness of agile execution in driving consistent outcomes. The India business has delivered strong volume and revenue growth, supported by improving trends in core categories and the profitable scaling up of Foods and digital first businesses in line with our strategic priorities. The international business remains a consistent growth engine, delivering broad based performance across markets. Looking ahead, we expect to sustain the healthy volume growth momentum, with profitability strengthening progressively as input cost pressures moderate.”
