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Earnings Call

Marico Earnings Call: Key Takeaways

Marico delivered multi-year high consolidated revenue growth in Q4FY26. Management is pivoting toward premium personal care and foods to reduce commodity-linked business share.

Why this was an Alfa AlertNot a filter event. Performance and guidance were largely in line with previous management outlook.
Highlights
Revenue growthMulti-year highs; targeting double-digit growth to reach INR 15,000cr in FY27.
MarginsTargeting 150 bps operating margin expansion in FY27.
Demand visibilityGradual improvement expected, supported by stable inflation and recovering rural sentiment.
Management confidenceHigh; citing resilient operating model and successful diversification into digital brands.

Growth

India volume growth and International constant currency growth reached multi-year highs. Foods portfolio exceeded INR 1,000cr revenue.

Outlook

Targeting INR 15,000cr revenue in FY27 with high-teen EBITDA growth; aims for INR 20,000cr by FY30.

Risks

Geopolitical tensions impacting crude-led input costs; potential El Niño effects on future consumption.

Source

Earnings Call filed with NSE, NSE: MARICO. Summary written with AI assistance from the document.

Read the document ↗

Marico Ltd: key numbers

Share price
₹819.00
Market cap
₹1,06,485 Cr
Revenue (annual)
₹13,611 Cr
Net profit (annual)
₹1,762 Cr
P/E (TTM)
56.4×Sector 43.4×
Promoter holding
58.91%-0.02% QoQ
FII holding
23.40%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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