Marico Q1 FY26 results resurface: Profit up 8.2% to Rs 513 crore, revenue jumps 23% on India, overseas strength
Resurfacing Marico's August 2025 Q1 FY26 results: net profit of Rs 513 crore, up 8.2%, with revenue rising 23.31% to Rs 3,259 crore. India business grew 27.17% to Rs 2,495 crore and international climbed 12.91% to Rs 764 crore. The company also raised its stake in Plix maker Satiya Nutraceuticals to 60%.
What happened
Marico's Q1 FY26 net profit rose 8.2% to Rs 513 crore and revenue jumped 23% to Rs 3,259 crore on strong India and overseas growth. It also raised its stake in
Key facts
- net profit Rs 513 crore, up 8.2%
- revenue Rs 3,259 crore, up 23.31%
- India business Rs 2,495 crore, up 27.17%
- international business Rs 764 crore, up 12.91%
- Plix stake raised to 60%
Why this matters
Raising the Plix stake to 60% deepens Marico's push into digital-first nutraceutical brands, signaling continued bolt-on M&A to diversify beyond core FMCG categories.
What to watch
- Copra and edible oil price trajectory over next two quarters
- Sequential EBITDA margin trend (QoQ) versus revenue growth
- Foods + digital-first brands as % of total revenue and their growth rate
- Rural vs urban demand split in India business
- International currency and inflation dynamics affecting the 12.91% overseas growth
- Analysts revise FY26 margin estimates downward while nudging revenue estimates up
- Management guidance on gross margin recovery timeline and price-hike pass-through in next earnings call
- Increased marketing spend to scale Plix and foods portfolio
- Peer FMCG names (HUL, Dabur, Emami) benchmarked on rural recovery read-through