Marico Q2FY26 Business Update: Festive Season to Drive Demand; Share Price in Focus

Marico Limited has shared its operating performance for the quarter ending September 30, 2025, revealing a stable demand trend across its product categories. Despite facing disruptions due to GST rate changes, the company demonstrated resilience, with the India business seeing steady momentum and the international business recording robust growth.

Q2FY26 Update: Performance Overview and Market Trends

The company noted that demand trends in the FMCG sector were stable for most of the quarter, with sentiment expected to improve in the festive season. Easing inflation, favourable monsoons, healthy crop outlook, and policy measures like the GST rate rationalisation are expected to further boost demand. Marico’s India business maintained high single-digit volume growth, although it moderated slightly in September due to trade disruptions related to GST adjustments. 

Parachute volumes were impacted by hyperinflationary pressures, but the brand showed resilience with flat volumes after factoring in price increases. Other segments, such as Value Added Hair Oils and Saffola, reported positive growth.

GST Rate Rationalisation and Its Impact

The recent GST rate rationalisation has had a positive impact, with ~30% of Marico’s India business benefitting directly. The company passed on the benefits to consumers, reinforcing affordability in key product categories. This step is expected to drive long-term growth for the FMCG sector and Marico's business in particular.

Read More: India's 2025 Monsoon Ends 8% Above Normal, Boosting Agriculture and Rural Demand; Key Monsoon Stocks to Watch!

International Business and Revenue Growth

Marico’s international business continued to show strong performance, especially in Bangladesh and the MENA region, where growth exceeded expectations. The company expects consolidated revenue growth to be in the high 30% range, primarily driven by pricing interventions and a favourable product mix.

Marico Share Price Performance

On October 6, 2025, Marico share price opened at ₹715.00 on NSE, above the previous close of ₹710.95. During the day, it surged to ₹716.75 and dipped to ₹703.95. The stock is trading at ₹710.55 as of 11:48 AM. The stock registered a marginal change of -0.06%.

Over the past week, it has moved up by 1.89%, over the past month, it has declined by 2.74%, and over the past 3 months, it has declined by 1.61%.

Conclusion

Marico’s performance in Q2 FY2025-26 reflects the company’s strategic focus on sustainable growth, even amidst a challenging operating environment. The outlook for the second half of the year remains positive, supported by government policy interventions and the festive season boost.

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