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Marico reports strong Q3 with consolidated revenue growth in ‘High 20s’
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Monday, 05 January, 2026, 08 : 00 AM [IST]
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Our Bureau, Mumbai
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Consumer products firm Marico Limited has posted a robust performance for the third quarter of FY26, with its consolidated revenue growth on a year-on-year basis standing in the high twenties percent, reflecting resilient demand across key markets and improved consumption trends.
According to the company’s quarterly business update, subdued inflationary pressures and recent tax rationalisations including lower GST rates have bolstered affordability and supported overall sales, particularly in India’s rural and semi-urban markets where discretionary spending has begun to recover.
Marico’s underlying volume growth in the India business remained in the high single digits, showing a slight improvement on a sequential basis as urban demand stabilised alongside steady rural consumption. The company’s flagship hair care brand Parachute continued to display resilience, with volume normalisation after packaging adjustments helping maintain consumer traction despite elevated input costs. Meanwhile, value-added hair oils delivered strong performance with growth in the twenties, underscoring positive reception in this high-margin segment.
The Saffola cooking oils portfolio, however, delivered a more muted quarter, impacted by earlier pricing actions that anniversaryised during the period. On the international front, Marico’s global operations sustained momentum, with early-20s constant-currency growth led by markets such as Bangladesh, and notable rebounds seen in Vietnam and South Africa.
Marico also flagged a correction in copra prices a key raw material which have declined significantly from recent highs and are expected to support sequential gross margin improvement in upcoming quarters. The company’s strategic investments in brand equity and distribution expansion, particularly through initiatives like Project SETU, are anticipated to further reinforce long-term growth.
Overall, Marico’s Q3 update signals solid top-line momentum and an optimistic outlook on consumption recovery, even as cost pressures and category dynamics continue to evolve.
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