Archive · 5 Oct 2026
Marico Expects Double-Digit Q2 Revenue and Mid-Twenties Profit Growth
Marico sells products such as hair oil and cooking oil.
The company expects its sales to grow strongly in the second quarter of FY27.
Its India business saw strong sales volumes, especially for Parachute Coconut Oil and value-added hair oils.
Saffola Oils grew through higher prices, even though fewer units were sold.
Marico’s food and personal care businesses also kept growing.
Its international business did well, led by Vietnam, the Middle East and South Africa.
Some input costs rose, but copra, an important raw material, remained below its peak price.
Marico expects its profit from operations and gross margin to improve.
It also says its first-half performance may help it exceed its near-term goals.
Marico expects Q2FY27 consolidated revenue to grow at a double-digit rate and operating profit to rise in the mid-twenties.
India underlying volume growth is expected to reach double digits, with Parachute Coconut Oil and value-added hair oils among the strongest performers.
Saffola Oils had mid-single-digit price-led growth, while volumes declined after Marico rationalised supplies of select variants to maintain profitability.
Foods and premium personal care continued to grow; the international business is expected to post growth in the teens in constant-currency terms.
Marico expects year-on-year gross margin improvement and says first-half performance puts it on track to surpass near-term guidance.
- Who
- Marico, the consumer goods company.
- What
- Marico issued a Q2FY27 business update, forecasting double-digit revenue growth, mid-twenties operating profit growth and a likelihood of surpassing near-term guidance.
- When
- The update concerns the second quarter of FY27, the September quarter, and performance through the first half of FY27.
- Where
- Marico's India and international businesses, including Vietnam, the Middle East, South Africa and Bangladesh.
- Why
- Marico cited strong core, digital and international businesses, resilient domestic demand, growth in newer businesses, and a favourable portfolio mix and lower copra prices supporting margins.
Growth outlook
Operating pressures
Business performance
Growth outlook
Marico expects double-digit revenue growth, double-digit underlying India volume growth and international growth in the teens.
Operating pressures
Saffola Oils volumes declined, and Bangladesh continued to face a high base and elevated inflation.
Costs and margins
Growth outlook
Marico expects gross margin to improve year on year, helped by favourable portfolio mix and copra prices around 35% below their peak.
Operating pressures
Crude-linked derivative prices rose, and the company significantly increased advertising and sales promotion investments.
- Consolidated revenue
- Expected to grow at a double-digit rate in Q2FY27.
- India volume growth
- Underlying volume growth reached or is expected to reach double digits.
- Parachute Coconut Oil
- Expected to post early-teens volume growth.
- Value-added hair oils
- Expected to grow in the twenties for the sixth consecutive quarter.
- International business
- Growth in the teens in constant-currency terms, led by Vietnam, the Middle East and South Africa.
- Copra prices
- Rangebound at around 35% below peak levels.
- Operating profit
- Expected to grow in the mid-twenties during the quarter.
- Near-term guidance
- Marico said strong first-half performance makes it likely to surpass guidance across key financial parameters.
