Stories
Marico's Core Brands Ignite Q2 with Double-Digit Domestic Volume Growth
- •Marico anticipates strong Q2 FY27 performance with double-digit domestic volume and consolidated revenue growth, driven by resilient demand and core brand momentum.
- •Parachute Coconut Oil achieved early-teens volume growth, accelerating further due to strong brand equity and supply-chain advantages.
- •Value Added Hair Oils sustained double-digit growth for the sixth consecutive quarter, fueled by investments in mid/premium segments and expanded reach.
- •Saffola Oils saw volume decline as Marico prioritized profitability, maintaining threshold margins and rationalizing select variants.
- •Marico's international business delivered teen-level constant-currency growth, led by Vietnam, the Middle East, and South Africa, contributing 24% to group revenue.
Key Questions Answered
For the quarter ended September 30, 2026, Marico expects domestic underlying volume growth and consolidated revenue growth to hit double digits. Additionally, the company anticipates operating profit to grow in the mid-twenties.
Parachute Coconut Oil recorded early-teens volume growth, while Value Added Hair Oils achieved its sixth consecutive quarter of strong growth with value increases in the twenties. Meanwhile, Saffola Oils reported mid-single-digit price-led growth with a decline in volume as Marico protected profitability.
Marico's gross margins are expected to accelerate year-on-year due to a favorable portfolio mix and copra prices remaining rangebound at about 35% below peak levels, despite increased costs for crude-linked derivatives. Operating profit growth in the mid-twenties is further supported by these factors alongside rising investments in advertising and sales promotion.
