Marico Q4 FY26 Results: Profit up 14%, dividend ₹4

What Marico reported for the March 2026 quarter

Marico Ltd, the FMCG company known for brands such as Parachute, reported its consolidated results for the quarter ended March 31, 2026 (Q4 FY26). Consolidated net profit rose 14% year-on-year (YoY) to ₹391 crore, compared with ₹343 crore in the same quarter last year. Revenue from operations increased 22% YoY to ₹3,333 crore, up from ₹2,730 crore a year ago.

The company said demand trends in the sector were stable during the quarter. Even so, profitability was shaped by input-cost pressure, with copra prices remaining elevated. The results were disclosed through a regulatory filing dated May 5.

Sequential trend: profit and revenue fell versus Q3

On a quarter-on-quarter basis, Marico’s numbers were lower than the immediately preceding quarter. Consolidated net profit declined 12.5% sequentially to ₹391 crore from ₹447 crore in Q3. Consolidated revenue from operations also softened to ₹3,333 crore from ₹3,537 crore in Q3.

These sequential movements matter for investors because they indicate how momentum evolved within the year, especially in a sector where pricing actions, promotional spends, and raw-material costs can swing quarterly performance.

Operating performance: EBITDA up, but margin contracted

At the operating level, Marico’s EBITDA rose 14% YoY to ₹521 crore in Q4 FY26, compared with ₹458 crore in Q4 FY25. However, EBITDA margin contracted to 15.63% in the quarter, versus 16.78% in the year-ago quarter.

The company linked the margin pressure to high copra prices. In practice, this suggests that even with revenue growth, input inflation can reduce operating leverage unless offset by pricing, mix improvement, or cost efficiencies.

India demand and volume growth pointers

Marico reported 9% volume growth in India in Q4, supported by what it described as a GST-led demand boost. This volume number is a key indicator because it helps separate growth driven by volumes from growth driven primarily by pricing.

Stable demand trends, combined with reported volume growth, provide context for the topline expansion in Q4 FY26, even as margins tightened.

Standalone numbers: revenue and profit rose YoY

On a standalone basis, Marico’s revenue increased 17% YoY to ₹2,205 crore in Q4. Standalone net profit rose 6% YoY to ₹336 crore.

But sequentially, standalone performance also weakened. The company said standalone revenue declined 10.4% quarter-on-quarter, while standalone profit fell 23% over the previous quarter.

Dividend announced: ₹4 per share and key dates

Marico’s board recommended a final equity dividend of ₹4 per equity share of face value ₹1 each for FY26, subject to shareholder approval at the ensuing 38th Annual General Meeting (AGM). The record date for the final dividend is July 30, 2026. If approved, the dividend will be paid on or before September 5, 2026.

The company also disclosed that the 38th AGM is scheduled for August 6, 2026.

Board update: new Independent Director appointment

Marico announced the appointment of Girish Paranjpe as an Independent Director for a five-year term from June 1, 2026, to May 31, 2031. This appointment is subject to shareholder approval.

Such board changes are routinely tracked by the market because governance, board oversight, and committee composition can influence long-term strategy and risk management.

FY26 annual snapshot: revenue, profit, segments, acquisitions

For the fiscal year ended March 31, 2026, Marico reported total revenue of ₹13,611 crore, a 16% increase over the previous year. Net profit for the year stood at ₹1,813 crore.

The company’s India business contributed ₹10,348 crore to annual segment revenue, while the International business accounted for ₹3,263 crore. Marico also confirmed acquisitions including Zea Maize (4700BC) and Cosmix, positioning them as additions to its health and wellness portfolio.

Stock reaction after results

Following the earnings update, Marico shares were trading at ₹766.25 on the National Stock Exchange, down 2.33%.

Key numbers at a glance

Why this update matters for investors

Marico’s Q4 FY26 results show a combination of strong YoY growth and visible margin pressure. The expansion in revenue and EBITDA indicates that demand conditions and execution supported growth, while the lower margin underscores sensitivity to copra-linked input costs.

The recommended final dividend of ₹4 per share, along with the record date and payout timeline, is also a concrete near-term event for shareholders. Separately, the disclosure on acquisitions and the segment split for FY26 provides additional context on how Marico is balancing its core franchise with portfolio expansion.

Conclusion

Marico closed Q4 FY26 with higher YoY profit and revenue, but with a weaker sequential trend and a lower EBITDA margin. The next milestones include shareholder decisions at the August 6, 2026 AGM, the July 30, 2026 record date, and dividend payment on or before September 5, 2026.