FMCG major Marico Ltd expects its consolidated revenue for the September quarter (Q2 FY26) to grow in the “thirties” on a year-on-year basis, supported by strong international performance, GST rate reductions in parts of its India portfolio, and steady demand across key categories.
The maker of popular brands such as Parachute, Saffola, and Livon said it anticipates modest year-on-year growth in operating profit for the quarter. The company noted that around 30% of its India business benefited from the recent GST rationalisation, helping drive improved volume growth and margin resilience.
Marico highlighted that demand trends remained largely stable through most of the quarter and that it expects consumer sentiment to strengthen during the festive season and beyond, aided by urban recovery and rural demand revival.
International Business Drives Growth
The company’s international business maintained strong momentum, delivering constant currency growth in the twenties, driven by healthy performance across key markets in South Asia, MENA, and Africa. The management said the robust growth trajectory underscores the company’s diversified revenue base and continued focus on innovation-led premiumisation.
India Business Gains from Foods and Premium Personal Care
Marico’s foods and premium personal care segments continued to scale up rapidly, contributing significantly to topline growth. These categories benefited from premium product launches and expanding distribution across both offline and digital channels.
Recent Financial Performance
In the first quarter of FY26, Marico had reported a 23.3% year-on-year jump in consolidated revenue to ₹3,259 crore and an 8.2% rise in net profit to ₹513 crore, outperforming estimates on profitability metrics. EBITDA for Q1 stood at ₹655 crore, up 4.6% from ₹626 crore a year earlier, with an EBITDA margin of 20.1%, slightly below last year’s 23.7%.
The strong momentum in Q1, combined with steady pricing interventions and portfolio diversification, has set the stage for continued growth into the festive quarter.
Summary
Marico Ltd expects its Q2 FY26 consolidated revenue to grow in the thirties year-on-year, driven by international strength, GST rate cuts, and sustained demand across core categories. The FMCG major foresees a modest increase in operating profit and expects the upcoming festive season to further boost consumer sentiment and sales momentum.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
Investments in securities markets are subject to market risks. Please read all related documents carefully before investing.