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Marico Q2 FY27: Double-Digit Volume Growth & Stronger Brands Drive Margin Improvement
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Storyboard•05-10-2026, 09:14
Marico Q2 FY27: Double-Digit Volume Growth & Stronger Brands Drive Margin Improvement
- •Marico reported firm operating momentum in Q2 FY27 with double-digit underlying volume growth in its India business, driven by core categories and new growth engines.
- •Consolidated revenue is expected to grow in double digits, and operating profit in the mid-twenties, with the company anticipating surpassing near-term guidance.
- •India volumes saw strong growth, led by core franchises like Parachute Coconut Oil (early-teens volume growth) and Value Added Hair Oils (twenties growth for the sixth consecutive quarter).
- •Diversification into Foods and Premium Personal Care, along with strong international business performance (teens constant-currency growth), contributed significantly to overall growth.
- •Favorable portfolio mix and softer copra prices are expected to lead to a strong year-on-year improvement in gross margin, despite elevated crude-linked derivative costs.
Key Questions Answered
Marico expects consolidated revenue to grow in double digits and operating profit to rise in the mid-twenties for the second quarter of FY27.
The India business delivered double-digit underlying volume growth in Q2 FY27, led by core franchises like Parachute Coconut Oil and expanding portfolios in Foods and Premium Personal Care.
The gross-margin outlook is supported by a favourable portfolio mix and relatively softer copra prices that remain about 35% below their peak levels.
