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Marico Soars: Q2 Update Reveals Double-Digit Growth, Margin Improvement, Stock Gains
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CNBC TV18•05-10-2026, 10:05
Marico Soars: Q2 Update Reveals Double-Digit Growth, Margin Improvement, Stock Gains
- •Marico anticipates exceeding near-term guidance across key financial parameters, driven by strong core franchises and new growth engines.
- •India business maintained strong momentum in Q2 with double-digit underlying volume growth, boosting Marico's performance.
- •Parachute Coconut Oil saw early teens volume growth, while Value Added Hair Oils achieved their sixth consecutive quarter of strong growth.
- •Foods, Premium personal care, digital-first brands, and shampoo business sustained growth, aligning with company aspirations.
- •International business delivered robust performance with teens Constant Currency Growth, led by Vietnam, West Asia, and South Africa.
Key Questions Answered
Marico's strong India business momentum was led by core franchises like Parachute Coconut Oil and a scale-up of new growth engines, with underlying volume growth reaching double digits.
Marico reported a robust quarter for its international business with constant currency growth landing in the teens, driven by strong performances in Vietnam, West Asia, and South Africa.
Marico expects a strong year-on-year acceleration in gross margins driven by a favourable portfolio mix and tailwinds from copra prices remaining rangebound at nearly 35% below peak levels.
