Marico Q4 FY26: Growth Peaks, Margin Reset, FY27 Targets

Revenue from operations rose 26% year on year to INR 13,611 crore in FY26.

Q4 FY26 revenue from operations was INR 3,333 crore (22% YoY). EBITDA was INR 521 crore (14% YoY) and reported PAT was INR 391 crore (14% YoY).

Management expects high single-digit volume growth in India and mid-teen constant currency growth in the international business in FY27.

Management aims to deliver double-digit revenue growth to cross INR 15,000 crore in FY27.

Management mentioned price cuts of about 10% in non-price point and small packs, after copra prices corrected about 35% from peak levels.

The presentation states Parachute Coconut Oil is 36% of India revenues, Saffola Edible Oils are 17%, and Value Added Hair Oils are 18%.

In Q4, Bangladesh and Vietnam posted strong constant currency growth, while MENA showed negative constant currency growth due to Gulf headwinds; South Africa also grew.