Marico Q2 FY27: revenue up 11.9% to ₹3,897 Cr, net profit up 31.0% to ₹550 Cr
Results · Finvezto · 2 Nov 2026 · Marico (MARICO)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 3,897 | - | +11.9% |
| Operating profit | 709 | - | +26.6% |
| Net profit | 550 | - | +31.0% |
| Operating margin | 18.2% | - | +2.1 pp |
| Net margin | 14.1% | - | +2.1 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Consolidated revenue grew 13% with 10% volume growth in India and 13% constant currency growth in the international business, while EBITDA grew 27% and PAT increased 31%. Earnings call
- Gross margin expanded by about 600 basis points year-on-year driven by favorable portfolio mix, improving profitability across new growth engines, and softer copra prices. Earnings call
- Management raised its full-year EBITDA growth outlook to mid-twenties, up from around 20% estimated earlier, while expecting full-year India volume growth to touch double digits. Earnings call
What to watch
- Management on full-year ebitda growth: We are confident to deliver mid-twenties EBITDA growth up from around 20% that we had estimated earlier as we now have better visibility of the full year picture.
- Management on full-year revenue: We expect to deliver teens revenue growth this year and comfortably cross the INR15,000 crores revenue mark.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.