Fast-moving consumer goods (FMCG) major Marico Ltd on Tuesday reported a 12.3% year-on-year (YoY) increase in its consolidated net profit, reaching ₹447 crore for the third quarter ended December 31, 2025. The company had posted a net profit of ₹399 crore in the corresponding period of the previous fiscal year.

Revenue performance and volume growth

The company’s revenue from operations saw a surge of 27% YoY, totalling ₹3,537 crore compared to ₹2,794 crore in Q3 FY25. This growth was supported by an 8% underlying volume growth in the India business and a robust 21% constant currency growth in the international business. Domestic revenue alone rose by 28% to ₹2,681 crore, driven by sequential volume improvement and pricing interventions in core portfolios to manage input cost inflation.

Operating margins and input costs

On the operational front, EBITDA grew 11% to ₹592 crore. However, the EBITDA margin compressed by 234 basis points to 16.7% from 19.1% a year ago, primarily due to higher material costs. While gross margins improved sequentially due to a 30% correction in copra prices from recent peaks, they remained under pressure on a yearly basis. The company also increased its investment in brand building, with advertising and promotion (A&P) spends rising 15% YoY.

Acquisition of '4700BC'

Marico on Monday announced the acquisition of a 93.27% stake in Zea Maize Private Limited, the owner of the premium gourmet snacking brand "4700BC". Founded in 2013, 4700BC is a leader in the gourmet popcorn segment and offers a diverse portfolio including popped chips, crunchy corn, and makhanas. Marico plans to leverage its existing foods scale to unlock synergies and expand the brand’s reach across all channels.

Segmental and international highlights

Parachute coconut oil: Recorded 50% revenue growth; underlying volumes grew 2% after adjusting for pack size reductions.

Value-added hair oils (VAHO): Delivered stellar performance with 29% value growth, reaching an all-time high market share of nearly 30%.

International markets: Bangladesh led with 29% constant currency growth, while Vietnam and South Africa rebounded with 22% and 16% growth, respectively.

The shares of Marico ended 0.78% higher at ₹746.70 apiece on the NSE on Tuesday.