Marico Q1 profit rises 27 per cent as revenue crosses Rs 4,000 crore

MUMBAI: Marico seems to have found the right recipe, add a dash of volume, stir in premium products and let overseas markets do the seasoning. The FMCG major kicked off FY27 on a strong note, posting a sharp rise in both revenue and profit as steady demand across its India portfolio and resilient international operations helped offset a challenging consumer environment.

Marico reported consolidated revenue from operations of Rs 4,005 crore for the quarter ended June 30, 2026, up 23 per cent from Rs 3,277 crore in the corresponding quarter last year. Total income rose to Rs 4,005 crore, compared with Rs 3,277 crore a year ago.

Profit before tax climbed to Rs 790 crore, a 20 per cent increase from Rs 656 crore in the year-ago period. Net profit for the quarter stood at Rs 652 crore, up 27 per cent from Rs 513 crore in Q1 FY26, while earnings per share improved to Rs 4.86 from Rs 3.90.

The company’s cost profile reflected higher input and operating activity. Cost of materials consumed increased to Rs 1,751 crore from Rs 1,184 crore, while purchases of stock-in-trade rose to Rs 488 crore from Rs 317 crore. Employee benefit expenses grew to Rs 269 crore, advertisement and sales promotion expenses stood at Rs 288 crore, and other expenses increased to Rs 420 crore. Total expenses for the quarter came in at Rs 3,215 crore, against Rs 2,621 crore a year earlier.

The company’s India business remained its largest contributor, generating Rs 3,057 crore in revenue, while international operations contributed Rs 947 crore, underlining the growing importance of overseas markets in Marico’s growth story. Segment profit before tax and interest reached Rs 837 crore for India and Rs 216 crore for the international business.

During the quarter, Marico also expanded its international footprint by acquiring a 75 per cent stake in Vietnam-based Skinetiq Joint Stock Company, owner of the digital-first skincare brand ‘Murni’, with the acquisition effective from April 2, 2026. The company said the results for the quarter include the impact of the acquisition and are therefore not directly comparable with previous periods.

The company also completed the integration of the businesses of Just Herbs and Beardo into Marico through intra-group restructuring during the year. In addition, it reclassified certain customer-related advertising and promotional expenses by netting them off against revenue, a retrospective accounting policy change that had no impact on profit, earnings per share or shareholders’ equity.

With brands including Parachute, Saffola, Hair & Care, Livon, Beardo, Just Herbs, True Elements, Plix, Cosmix and 4700BC, Marico entered FY27 with healthy momentum across both its domestic and international businesses, signalling that its premiumisation and portfolio expansion strategy continues to gather pace.