Marico Confident Of Strong Growth Momentum

The company’s outlook is buoyed by easing input costs, particularly copra prices, which are expected to drive sequential improvement in gross margins. Marico’s diversified portfolio and strong execution continue to support resilience in both domestic and overseas markets.  

India Business Performance  
Marico’s India operations sustained high single-digit underlying volume growth in Q4 FY26. The company’s focus on core categories and innovation has helped maintain momentum despite competitive pressures in the FMCG sector.  

International Business Growth  
The international segment achieved high teens constant currency growth during the quarter, reflecting strong demand across key geographies. This performance underscores Marico’s ability to leverage global opportunities while maintaining efficiency.  

Profitability Outlook  
With easing raw material costs, particularly copra, Marico expects sequential improvement in gross margins. Analysts believe this will support sustained profitability and strengthen the company’s financial position heading into FY27.  

Key Highlights  

• Consolidated revenue grew in low twenties YoY in Q4 FY26  
• India business delivered high single-digit volume growth  
• International business achieved high teens constant currency growth  
• Double-digit operating profit growth expected in Q4 FY26  
• Gross margin improvement anticipated from easing copra prices  

Sources: Reuters, Economic Times, Business Standard