Marico
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Marico (MARICO) investor relations material

Marico Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary27 Jan, 2026

Executive summary

  • Demand conditions remained stable with signs of gradual recovery, aided by moderating inflation, GST rate cuts, higher MSPs, and healthy crop sowing.

  • Achieved 27% year-over-year revenue growth in Q3FY26, with consolidated revenues reaching ₹3,537 crore and PAT up 12% to ₹447 crore.

  • Over 95% of the business gained or sustained market share, and 80% maintained or grew penetration on a MAT basis.

  • E-commerce and quick commerce led growth, with traditional trade also improving due to distribution investments.

  • Board approved unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Financial highlights

  • Consolidated revenue from operations for Q3 FY26 was ₹3,537 crore, up from ₹2,794 crore in Q3 FY25; net profit for Q3 FY26 stood at ₹460 crore, compared to ₹406 crore in Q3 FY25.

  • Q3FY26 EBITDA grew 11% YoY to ₹592 crore, with an EBITDA margin of 16.7%.

  • Foods portfolio reached INR 1,000 crore ARR, focusing on profitability and stabilization.

  • Premium personal care and digital-first portfolios grew in double digits, with digital-first expected to reach INR 1,000+ crore ARR by FY26.

  • Net working capital remained healthy, with debtor and inventory turnover at 42 and 41 days, respectively.

Outlook and guidance

  • Foods portfolio expected to achieve 25%+ CAGR, targeting 8x FY20 scale by FY27.

  • Digital-first brands projected to reach ~2.5x FY24 ARR by FY27, with double-digit EBITDA margins.

  • Volume growth momentum to be sustained as pricing growth moderates with easing input costs.

  • The company continues to monitor regulatory changes, including the new Labour Codes, and will adjust accounting as needed.

  • Operating profit growth rates projected to improve progressively in coming quarters.

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Frequently asked questions

Marico Limited is an Indian multinational consumer goods company, focusing on products and services across health, beauty, and wellness categories. The company has a diverse portfolio that includes brands such as Parachute, Saffola, Hair & Care, Nihar Naturals, Livon, and many others, catering to various consumer needs from hair care and skincare to edible oils and healthy foods. The company is headquartered in Mumbai, India, and its shares are listed on the National Stock Exchange.

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