The company says that the India business sustained high single-digit underlying volume growth during the fourth quarter of FY26
Consumer goods major Marico said that its consolidated revenue grew in the low twenties year-on-year during the fourth quarter of financial year 2026 (Q4FY26), enabling the company to achieve its full-year aspiration of mid-twenties growth.
The company expects double-digit operating profit growth in this quarter, with a sequential improvement in growth. With the building blocks of sustainable growth firmly in place, the company highlighted that it remains confident of delivering healthy volume-led revenue growth in the current financial year (FY27).
The maker of Saffola and Parachute, in its quarterly update, said that the India business sustained high single-digit underlying volume growth, with a slight sequential improvement during the quarter. Parachute continued to showcase resilience and the strength of its franchise, as the brand took selective pricing actions to pass on value to consumers amid easing copra prices, the company said. The brand recorded low single-digit volume growth after normalising for ml-age reductions.
“We expect the brand to deliver a gradual pickup in volume growth over the course of FY27,” the company pointed out. Saffola Oils recorded high single-digit revenue growth, driven by improving volume traction. value added hair oils (Vaho) registered another healthy quarter with growth in the twenties.
“Having touched the twenties growth mark in this year, we remain confident of delivering double-digit growth in FY27 and over the medium term, supported by our strategic focus on the mid and premium segments of the portfolio, enhanced direct reach through project Setu, differentiated innovation pipeline and improved affordability due to the GST rate rationalisation,” the company pointed out.
The International business maintained its momentum, with constant currency growth in the high teens. “Each market contributed positively, apart from the Gulf region, which was impacted by ongoing geopolitical headwinds in March,” the company said.
Among key inputs, copra prices corrected around 35 per cent from its peak and is expected to be rangebound in the coming months. While vegetable oils and crude-sensitive materials exhibit a pronounced upward bias, the company will continue to judiciously exercise the pricing power of its franchises to alleviate the impact of the same, while maintaining assured availability of crude-linked inputs.
“We expect a sequential improvement in gross margin, driven by easing copra prices. Brand building investments were sustained to strengthen the longterm equity of our franchises and accelerate portfolio diversification,” the company noted.
The sector witnessed stable demand sentiment during the quarter. The company stated that it remains hopeful of a gradual improvement in consumption trends in the quarters ahead, while the macroeconomic impact of the evolving geopolitical situation in the Middle East is a key monitorable.
