Leading FMCG player Marico's revenue stood at ₹3,259 crore, up 23% YoY, in the April-June quarter of 2025-26, with underlying volume growth of 9% in the India business and constant currency growth of 19% in the international business. The company's profit for the said quarter surged 9% year-on-year to ₹504 crore.

The Mumbai-based company says its India business revenues stood at ₹2,495 crore, up 27% YoY, further aided by price hikes in core portfolios in response to sharp inflation in input costs. Marico's India business posted sequential improvement in underlying volume growth as well, driven by positive trends in the core franchises and accelerated scale-up of new businesses.

The international business maintained its robust "double-digit constant currency growth" momentum amidst high input costs and currency headwinds in select markets, says Marico. For Q1 FY26, the company's gross margin contracted by 530 bps YoY as sharp inflation in key commodities continued to exert pressure, in addition to a particularly high base and the pricing-led denominator effect, says Marico.

Despite these constraints, ad and promotion spend was up 25% YoY. Consequently, EBITDA was up 5%. EBITDA margin stood at 20.1%, down 360 bps.

The company has said the FMCG sector has witnessed stable to improving demand trends over the last couple of years. Looking ahead, Marico anticipates a gradual uptick in overall demand patterns in the quarters ahead, aided by a combination of easing inflation levels, favourable monsoon season and continued policy support. "We expect to sustain positive volume and revenue growth momentum through the year, while driving resilient profit growth amidst heightened input cost pressures. We expect the impact of these unprecedented margin headwinds to peak out in the first half of this year and ease gradually thereafter."

Marico expects a steady growth trajectory in its core categories, despite input cost headwinds in the near term. Additionally, Marico says it continues to draw confidence from healthy off-takes, penetration and market share gains across key portfolios.

Marico expects to unlock substantial growth levers in the digital-first franchises over the medium term through TAM (Total Addressable Market) expansion and driving brand penetration. "We expect the India revenue share of the Foods and Premium Personal Care portfolios to expand to 25% by FY27. We aim to maintain the pace of scale-up and achieve a double-digit EBITDA margin in this portfolio in FY27."

With regards to the international business, Marico says it has navigated headwinds, including macroeconomic volatility and currency devaluation in select markets. "We aim to maintain double-digit constant currency growth momentum in the International business over the medium term."

Shares of Marico closed 1.91% up at ₹724 on the BSE.