Marico Q3 FY26 Earnings Results: Net Profit Rises 12%, Revenue Jumps 27% on Strong Volume Growth

Homegrown FMCG major Marico posted a 12% year-on-year rise in consolidated net profit to ₹447 crore for the December quarter (Q3FY26), broadly in line with market expectations.

The company’s consolidated revenue increased 26.6% to ₹3,537 crore in Q3, supported by solid demand across markets. 

India and International Markets Drive Growth

• Domestic revenue rose 27.6% to ₹2,681 crore, helped by better volume growth and price hikes taken over the past year to manage higher input costs.
• International revenue increased 23.5% to ₹856 crore, with strong growth in constant currency terms.

Marico earns around 70–75% of its revenue from India, with the rest coming from overseas markets.

Margins Under Pressure

At the operating level, EBITDA grew 11.1% to ₹592 crore. However, EBITDA margins fell to 16.7%, down 240 basis points from last year, mainly due to higher advertising spends and elevated raw material costs.

Sales Momentum and Market Share

The company said sales volumes continued to improve during the quarter. More than 95% of its portfolio either gained or maintained market share, while over **80% of the business improved or sustained market penetration.

E-commerce and quick commerce channels remained key growth drivers.

Management Outlook

Marico’s management said it expects consumer demand to improve gradually in the coming quarters, supported by favourable economic indicators and possible policy support in the upcoming Union Budget.

The company also expects profitability to improve as input cost pressures ease.

Marico Share Price Movement

Marico share price (NSE: MARICO) was trading 1.8% lower at ₹732.40 in early trade, compared with the previous close of ₹745.80. The stock opened higher at ₹754 but slipped to an intraday low of ₹729.80, while the day’s high stood at ₹756. 

Conclusion

Marico delivered a steady Q3 performance with strong revenue growth driven by volumes across India and international markets. While margins remained under pressure, improving demand trends and easing costs could support better profitability ahead.

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