Marico Q1 FY26 Earnings Results: Revenue Rises 23%, Margins Face Pressure

Marico Ltd posted an 8.2% year-on-year rise in net profit for Q1 FY26 at ₹513 crore. Revenue jumped 23.3% to ₹3,259 crore compared to ₹2,643 crore in Q1 last year, driven by steady demand across segments.

Margins Dip Despite Higher EBITDA

Operating profit (EBITDA) rose 4.6% YoY to ₹655 crore, but margins fell to 20.1% from 23.7% last year. The decline was attributed to raw material inflation and a high base effect. Despite strong sales, operating leverage remained under pressure.

Segment Performance

• Parachute coconut oil: Slight volume drop due to price adjustments, but total units sold rose after accounting for pack size changes.
• Saffola oils: Revenue rose sharply with price cuts helping volume growth.
• Hair oils: Mid and premium brands led low double-digit growth.
• Foods & Premium Personal Care: Digital-first products remained profitable while expanding.
• International Markets: Bangladesh and key overseas markets delivered strong high-teen growth in constant currency terms.

Outlook Ahead

Marico sees continued margin pressure in the first half of FY26, but expects some relief in H2. The company aims for sustainable, volume-led growth across core and new categories.

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Marico Share Price Movement

As of August 4, 2025, Marico share price (NSE:MARICO) closed at ₹724.40 on the NSE, gaining 1.86% or ₹13.20 during the day. The stock opened at ₹712.95, touched a high of ₹733.90, and a low of ₹707.10 in the intraday session. With a market capitalisation of ₹93,760 crore, Marico trades at a P/E ratio of 57.66 and offers a dividend yield of 1.45%. The stock's 52-week high is ₹745.00, while the 52-week low stands at ₹577.85. 

Conclusion

Marico’s Q1 performance shows resilience in a challenging cost environment. Strong revenue growth, expanding demand, and brand investments position it well for future gains, though margin recovery will take time.

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