The company notes that the underlying volume growth in the India business continued to improve sequentially to reach a multi-quarter high
Highlighting that the sector exhibited consistent demand patterns, marked by improving trends in rural markets and steady urban sentiment in the first quarter of the financial year 2026 (Q1FY26), Marico, a consumer products company, said that it is expecting modest operating profit growth on a year-on-year basis in Q1.
Driven by positive trends in the core franchises and continuous scale-up of new businesses, the company noted that the underlying volume growth in the India business continued to improve sequentially to reach a multi-quarter high.
“Consolidated revenue growth on a year-on-year basis stood in the low twenties, marking a strong start towards delivering double-digit growth on a full-year basis, underpinned by the strengthening volume trajectory,” the company informed in a regulatory filing.
While Parachute witnessed a marginal dip in volumes in the hyperinflationary input cost and pricing conditions, the company highlighted that Saffola Oils posted a healthy performance with revenue growth in the high twenties, backed by mid-single digit volume growth.
The international business delivered high-teens constant currency growth, driven by broad-based growth across most markets. “Bangladesh continued to exhibit visible resilience with high-teen constant currency growth,” it added.
The company stressed that copra prices continued to witness sequential inflation, which was heightened by unseasonal rainfall patterns. Vegetable oil prices eased following the cut in import duty, while crude oil derivatives remained rangebound, it added. “Owing to the above, gross margin is expected to be under incremental pressure, on a particularly high base and partly due to the pricing-led high denominator effect,” the company said, while noting that it expects gross margin pressures to ease from the second half of this fiscal year.
