Robust demand in India and 21 per cent constant currency growth abroad boost Marico’s net profit and market share
For the quarter ended 31 December 2025, Marico, the maker of Parachute coconut oil, reported consolidated revenue from operations increased to Rs 3,537 crore, up 27 per cent from Rs 2,794 crore in the same period last year.The growth was underpinned by an 8 per cent underlying volume increase in India and 21 per cent constant currency growth in international markets. Net profit for the quarter was Rs 460 crore, up from Rs 406 crore a year earlier. Diluted earnings per share stood at Rs 3.44.
“Demand conditions in India remained on a firm footing during the quarter. We remain optimistic about a gradual uptick in consumption trends in the coming quarters, supported by low inflation, improved affordability following recent GST rate rationalisation, higher MSPs, and a healthy rabi sowing season,” the company said.
According to the company’s filing, Marico’s consolidated expenses for the quarter increased to Rs 3,009 crore from Rs 2,318 crore in Q3 FY25. The cost of materials consumed was Rs 1,525 crore, while employee benefits expense stood at Rs 241 crore. Advertising and sales promotion outlays were Rs 336 crore, reflecting the company’s ongoing focus on strengthening both its core and emerging brands.
During the quarter, Marico completed the acquisition of the remaining 0.04 per cent stake in True Elements on 17 October 2025, making it a wholly owned subsidiary. The company had previously acquired 99.96 per cent of the firm’s equity.
Among its key brands, Parachute Rigids demonstrated resilience despite a 1 per cent decline in reported volumes; underlying volumes, after adjusting for ml-age reductions, grew 2 per cent, highlighting the brand’s enduring consumer loyalty. Revenue for Parachute Rigids grew 50 per cent, and the company expects a gradual pick-up in volumes over the next year with easing consumer prices. Value-Added Hair Oils delivered a stellar quarter, recording 29 per cent value growth and gaining 170 basis points in value market share to reach an all-time high of around 30 per cent. The growth trajectory is expected to continue, supported by innovation in mid- and premium segments and enhanced direct reach through Project SETU.
Brand-wise Performance
Saffola Edible Oils had a soft quarter amid a relatively elevated pricing environment, with revenue growth remaining flat. The brand is pivoting towards premium offerings, including recently introduced cold-pressed oils, and is expected to return to a healthy growth trajectory in the coming quarters. The company’s foods business grew 5 per cent YoY, in line with strategic efforts to calibrate franchise profitability as the business scales, while Saffola Oats continued to hold its position as India’s number one oats brand.
Commenting on the FMCG sector, Marico said it has witnessed “steady demand trends” this year. Saugata Gupta, MD and CEO, added, “Our performance in the quarter and year so far reflects the strength of our operating model and the effectiveness of agile execution in driving consistent outcomes.” He further noted that India business delivered strong volume and revenue growth, with profitable scaling of foods and digital-first businesses aligned to strategic priorities. “Looking ahead, we expect to sustain the healthy volume growth momentum, with profitability strengthening progressively as input cost pressures moderate,” Gupta said.
Headquartered in Mumbai, Marico operates across India and in international markets such as Bangladesh, the UAE, Egypt, South Africa, Malaysia, Sri Lanka, Vietnam, and the United States. Overseas consumer products account for roughly 25 per cent of the group’s total revenue. Its portfolio includes well-known brands such as Parachute, Saffola, Hair & Care, Nihar Naturals, Mediker, Set Wet, Livon, and Beardo.
