Marico Q1 FY26 revenue rises 23.3%; profit up 8.2% as India business accelerates

Marico reported Q1 FY26 consolidated revenue of Rs 3,259 crore and net profit of Rs 513 crore. India revenue grew 27.2% year-on-year to Rs 2,495 crore, while international revenue rose 12.9%. The company also raised its fully diluted stake in Plix maker Satiya Nutraceuticals to 60%.

— FiledSun, 13 Sept, 2026, 15:48 IST·First seen Sun, 13 Sept, 2026, 15:48 IST·Source Financial Express · BrandWagon

What happened

Marico posted Q1 FY26 profit growth of 8.2% and revenue growth of 23.3%, led by 27.2% India revenue growth. It expects resilient FY26 momentum despite commodity

Key facts

  • Q1 FY26 consolidated net profit rose 8.2% YoY to Rs 513 crore from Rs 474 crore
  • Revenue from operations rose 23.31% to Rs 3,259 crore from Rs 2,643 crore
  • Total income was Rs 3,315 crore, including Rs 56 crore other income
  • Total expenses rose to Rs 2,659 crore from Rs 2,075 crore
  • India revenue rose 27.17% to Rs 2,495 crore from Rs 1,962 crore
  • International revenue rose 12.91% to Rs 764 crore from Rs 681 crore
  • India segment PBT was Rs 469 crore
  • International segment PBT was Rs 213 crore
  • Marico increased its stake in Satiya Nutraceuticals to 60% on a fully diluted basis

Why this matters

Raising its stake in Plix maker Satiya Nutraceuticals to 60% strengthens Marico’s exposure to the fast-growing nutrition and wellness category.

What to watch

  • Sequential gross-margin and EBITDA-margin trend versus the gap between revenue and net-profit growth.
  • Copra, edible oil, crude-linked packaging and freight cost movements.
  • Volume growth versus price-led growth in the India business.
  • Plix revenue growth, distribution expansion, cash burn/profitability trajectory and impairment risk.
  • Rural demand, urban discretionary spending and competitive promotional intensity.
  • Management commentary on FY26 revenue-growth guidance, ad-spend intensity and price hikes.
  • Increase brand investment and retail execution behind core India franchises to defend growth momentum.
  • Scale Plix through Marico's distribution network, digital marketing capabilities and product pipeline while working toward margin-accretive integration.
  • Take selective pricing, pack-size and procurement actions if commodity costs remain elevated.
  • Prioritise premium and value-added launches in foods, health, hair care and personal care to improve mix.