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Earnings Call Transcript

Marico Earnings Call Transcript: Key Takeaways

Marico Limited reported a strong Q1FY27 with 23% consolidated revenue growth and 25% PAT growth. Strategy focuses on scaling 'new growth engines' like Foods and Digital-first brands while diversifying the international portfolio.

Guidance and delivery
Management target Revenue 10.0% FY27
Highlights
Revenue growth23% consolidated revenue growth YoY in Q1FY27.
MarginsEBITDA margin up 40 bps to 20.7%; gross margins up 30 bps.
Demand visibilityHealthy domestic demand; some transient headwinds in international markets.
Management confidenceHigh; citing highest profit growth in 28 quarters.

Growth

Revenue grew 23% YoY; EBITDA and PAT grew 25%. India business saw 11% volume and 21% revenue growth.

Outlook

Aims to cross INR 15,000Cr revenue in FY27. Target of 20% EBITDA growth and Vision 2030 of INR 20,000Cr revenue.

Risks

Persistent high inflation in Bangladesh; volatile global macro environment; rising crude and vegetable oil costs impacting Q2 margins.

Last quarter's promises, checked

Delivered

  • Guided INR 15,000Cr revenue in FY27 → delivered 23% Q1 growth (On track = BEAT)
  • Guided high-teen EBITDA growth → delivered 25% PAT growth (= BEAT)
  • Guided Foods growth 20-25% → delivered 43% (= BEAT)

Partly delivered

  • Guided 150 bps margin expansion for FY27 → delivered 40 bps in Q1 (= PARTIAL)
Source

Earnings Call Transcript filed with BSE, 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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