Marico has reported a 14% year-on-year increase in profit after tax (PAT) at Rs 391 crore for Q4FY26, supported by steady volume growth in India and continued momentum in international markets.
The company has recorded revenue from operations of Rs 3,333 crore in the March quarter, up 22% from Rs 2,730 crore in the year-ago period. EBITDA has also increased 14% year-on-year to Rs 521 crore.
Advertising and promotion (A&P) spends have risen 5% during the quarter, indicating a continued increase in adex despite input cost pressures.
EBITDA margin has stood at 15.6% in Q4FY26, down 114 basis points year-on-year, reflecting the impact of higher raw material costs along with sustained brand investments.
The India business has posted 21% revenue growth in the quarter, supported by 9% volume growth. The company has seen improved traction across both e-commerce and traditional trade channels, with over 95% of its portfolio gaining or sustaining market share.
International business has delivered 19% constant currency growth in Q4FY26, although performance in the Gulf region has been impacted by geopolitical disruptions.
On a full-year basis, the company has reported a 26% increase in revenue to Rs 13,611 crore. Profit after tax (excluding one-offs) has grown 11% to Rs 1,762 crore, while EBITDA has increased 9% to Rs 2,328 crore.
The company has continued to scale its Foods and premium personal care portfolios. The Foods business has crossed Rs 1,000 crore in FY26 revenue, while digital-first brands have continued to expand their contribution.
Going forward, the company has indicated that it expects to sustain high single-digit volume growth in India and mid-teen constant currency growth in international markets, while continuing investments in advertising and brand-building.
“The fiscal year 2025–26 stands as a testament to our ability to execute with resilience and foresight in an unprecedently challenging input cost environment. We are pleased to have met our strategic aspirations on topline and volume growth, along with the diversification objective. This performance underscores the enduring strength of our core categories, the profitable scale-up of premium and digital businesses across markets, and the strength of our operating model anchored in supply chain agility, cost discipline, and future-ready capabilities. As we look ahead, we remain committed to achieving competitive, top quartile outcomes in FY27, while steadfastly advancing towards our bold vision of surpassing Rs 20,000 Crores in revenue by FY30.” – Saugata Gupta, MD and CEO, Marico.
