Marico Q4FY26 Result: Shares of Marico Limited were trading lower on Tuesday even as the company reported a steady Q4FY26 performance, with revenue rising 22 per cent year-on-year to Rs 3,333 crore and profit after tax increasing 14 per cent to Rs 391 crore. EBITDA also grew 14 per cent to Rs 521 crore, while margins stood at 15.6 per cent.
As of 2:03 pm IST on May 5, the stock was trading at Rs 775.00, down Rs 9.55 or 1.22 per cent on the NSE.
Revenue growth driven by India and international business
The FMCG major saw broad-based growth across geographies, with India business revenues rising 21 per cent in Q4. The international segment recorded 25 per cent growth in rupee terms and 19 per cent constant currency growth during the quarter.
Margins remain under pressure
EBITDA margin for the quarter stood at 15.6 per cent, down 114 basis points year-on-year due to input cost pressures. However, margins showed sequential improvement, supported by easing copra prices.
India volumes strengthen
Underlying volume growth in the India business improved to 9 per cent in Q4, reflecting steady demand and traction in core categories. The company noted that over 95 per cent of its portfolio gained or sustained market share.
International business maintains momentum
The international business posted 19 per cent constant currency growth in Q4 and 20 per cent for FY26, led by strong performances in key markets, though the Gulf region remained impacted by geopolitical headwinds.
Outlook remains positive
Looking ahead, Marico expects to sustain high single-digit volume growth in India and mid-teen constant currency growth internationally in FY27. The company aims to deliver double-digit revenue growth and cross Rs 15,000 crore in revenues next year, while maintaining focus on margin resilience.
