The company expects a steady growth trajectory in its core categories, despite input cost headwinds in the near term
Marking a healthy improvement in its performance, Marico, a fast-moving consumer goods (FMCG) major, has registered an 8 per cent year-on-year (YoY) uptick in its consolidated net profit in the first quarter of the current financial year (Q1FY26). The net profit of the company rose to Rs 513 crore in Q1FY26 from Rs 474 crore in Q1FY25.
The financial results of the company revealed that the revenue from operations surged to Rs 3,259 crore in Q1FY26 from Rs 2,643 crore in the corresponding period of the previous fiscal year (Q1FY25).
The India business continued to post sequential improvement in underlying volume growth, driven by positive trends in the core franchises and accelerated scale up of new businesses. The India business revenues stood at Rs 2,495 crore, up 27 per cent YoY, further aided by price hikes in core portfolios in response to sharp inflation in input costs, the company said in a statement.
“The improving trajectory of our core portfolios, coupled with accelerated growth in foods and digital-first portfolio, have driven underlying volume growth in the India business closer to double digits. The new businesses continue to scale up ahead of our aspirations, reaffirming their differentiated long-term potential. The international business delivered a stellar quarter, and we remain confident of sustaining this performance in the quarters ahead,” highlighted Saugata Gupta, Managing Director (MD) and Chief Executive Officer (CEO), Marico.
The International business maintained its double-digit constant currency growth momentum. The business has remained resilient amidst high input costs and currency headwinds in select markets. Gross margin contracted by around 530 basis points (bps) YoY as sharp inflation in key commodities continued to exert pressure, in addition to a particularly high base and the pricing-led denominator effect, the company said in a regulatory filing.
The company expects a steady growth trajectory in its core categories, despite input cost headwinds in the near term. This will be further aided by ongoing initiatives to support select General Trade (GT) channel partners and transformative expansion in its direct reach footprint under.
