Marico eyes strong Q1 operating profit as copra prices tumble 45% from peak
Marico expects robust Q1 FY27 operating profit growth as copra prices fall 45% from peak, driving double-digit Parachute volume growth. Consolidated revenue seen up in the early 20s% across core, digital and international units, with steady demand trends.
What happened
Marico expects strong Q1 operating profit growth as copra prices fell 45% from peak, driving double-digit Parachute volume growth. Consolidated revenue seen
Key facts
- copra prices down 45% from peak
- revenue growth early 20s%
- Parachute 36% of India revenue
- Q4 net profit ₹391 crore up 14% YoY
- Q4 revenue ₹3,333 crore up 22%
- shares +0.6% to ₹856
Why this matters
Robust volume momentum and margin expansion strengthen Marico's balance sheet for potential digital and international bolt-on acquisitions.
What to watch
- Copra spot vs MSP price trend through monsoon
- Q1 FY27 gross and EBITDA margin prints
- Parachute rigid vs total volume growth split
- Rural demand recovery indicators and pricing actions by rivals
- Digital-first brand (Beardo, Just Herbs) and Foods revenue mix
- Marico likely to hold Parachute pricing to bank margin gains near-term
- Reinvest cost savings into A&P spend for digital and Foods portfolio
- Guide investors toward double-digit revenue and improving margin trajectory
- Peers (Dabur, Emami, HUL) watch for competitive price actions in coconut/hair oil
Also reported by
- Mint · Companies — Same time