Marico Q4 revenue at ₹3,333 crore, up 22%; FY26 posts fastest growth in 14 years

Marico Limited reported a strong close to FY26, with double-digit growth across revenue and profit even as input cost pressures continued to weigh on margins, signalling resilience driven by volume recovery and diversification.

The company posted consolidated revenue from operations of ₹3,333 crore in Q4FY26, up 22% year-on-year, while EBITDA and PAT grew 14% each. For the full year, revenue rose 26% to ₹13,611 crore, marking its highest growth in 14 years. India volumes grew 8% in FY26, a seven-year high, while the international business delivered 20% constant currency growth.

Volume recovery and diversification power growth

India business volumes improved sequentially to 9% in the March quarter, with revenues rising 21% to ₹2,505 crore. The company said more than 95% of its portfolio either gained or sustained market share, while over 90% maintained or expanded penetration.

E-commerce, including quick commerce, remained the fastest-growing channel, though traditional trade also showed improvement after sustained investments over the past two years.

Managing director and CEO Saugata Gupta said the performance reflects execution strength despite a tough cost environment. “We are pleased to have met our strategic aspirations on topline and volume growth, along with the diversification objective,” he said, adding that the results highlight “the enduring strength of our core categories” and the “profitable scale-up of premium and digital businesses.”

Within categories, value-added hair oils continued to lead, clocking 26% value growth and gaining market share. The foods portfolio grew 16% and crossed ₹1,000 crore in annual revenue, supported by expansion and acquisitions such as Cosmix and 4700BC. Premium personal care and digital-first brands also scaled up, with the digital portfolio exiting the year at an annualised revenue run rate of over ₹1,100 crore.

Internationally, the business grew 19% in constant currency terms in Q4, with strong performances in Bangladesh, Vietnam and South Africa. However, the Gulf region remained under pressure due to geopolitical disruptions.

Margins remained under strain, with gross margin down around 360 basis points year-on-year, although sequential improvement was seen due to easing copra prices. EBITDA margin stood at 15.6%.

Looking ahead, Marico expects high single-digit volume growth in India and mid-teen constant currency growth in international markets in FY27. The company is targeting to cross ₹15,000 crore in revenue next year and remains on track to achieve ₹20,000 crore by FY30.