Marico Q4 Results: Profit rises 14% to Rs 391 crore; co declares Rs 4 dividend

FMCG major Marico reported a healthy set of March quarter earnings on Tuesday, helped by strong volume growth in its India business and continued momentum in international markets, even as elevated input costs kept margins under pressure.

The board recommended a final dividend of Rs 4 per equity share for FY26.

The maker of Parachute and Saffola posted consolidated revenue from operations of Rs 3,333 crore for the quarter ended March 2026, up 22% from Rs 2,730 crore in the year-ago period. Consolidated profit after tax rose 14% YoY to Rs 391 crore from Rs 343 crore a year earlier. EBITDA also rose 14% to Rs 521 crore from Rs 458 crore in the corresponding quarter last year.


EBITDA margin, however, contracted 114 basis points to 15.6% from 16.8% a year ago as higher raw material costs continued to weigh on profitability, although margins improved sequentially as copra prices started easing.

The company's India business delivered underlying volume growth of 9% in the March quarter, up sequentially and marking one of its strongest quarterly performances in recent years. India revenues rose 21% YoY to Rs 2,505 crore, with Marico saying over 95% of its portfolio either gained or sustained market share during the period.

International business remained another key growth driver, posting 19% constant currency growth during the quarter and 25% growth in rupee terms. Bangladesh delivered 35% constant currency growth, while Vietnam grew 18%. The Middle East and North Africa region declined 7% amid geopolitical disruptions in the Gulf.

Among key categories, Parachute coconut oil posted 29% revenue growth, while value-added hair oils grew 26%. Saffola edible oils grew 8%, driven by mid-single digit volume growth. Marico’s foods portfolio grew 16% during the quarter and crossed the Rs 1,000 crore annual revenue milestone in FY26.

For the full financial year FY26, Marico reported revenue of Rs 13,611 crore, up 26% year-on-year, the company’s highest annual growth in 14 years. EBITDA rose 9% to Rs 2,328 crore, while recurring profit after tax increased 11% to Rs 1,762 crore. India volume growth for the year stood at 8%, while international business delivered 20% constant currency growth.

Looking ahead, Managing Director and CEO Saugata Gupta said the company expects to maintain high single-digit volume growth in India in FY27 and mid-teen constant currency growth in international markets, while targeting revenue of over Rs 15,000 crore next year. Marico also reiterated its long-term goal of crossing Rs 20,000 crore in revenue by FY30.