Marico Q1 FY26 revenue rises 23%; lifts Plix maker stake to 60%

Marico reported Q1 FY26 consolidated net profit of Rs 513 crore, up 8.2% year on year, as revenue from operations climbed 23.3% to Rs 3,259 crore. India revenue grew 27.2%, while international revenue rose 12.9%. The FMCG major also increased its fully diluted stake in Satiya Nutraceuticals, which owns Plix, to 60%.

— FiledWed, 9 Sept, 2026, 23:20 IST·First seen Wed, 9 Sept, 2026, 23:19 IST·Source Financial Express · BrandWagon

What happened

Marico posted Q1 FY26 profit growth of 8.2% and revenue growth of 23.3%, driven by a 27.2% rise in India sales. It raised its fully diluted stake in Plix maker

Key facts

  • Q1 FY26 consolidated net profit: Rs 513 crore, up 8.2% YoY from Rs 474 crore
  • Revenue from operations: Rs 3,259 crore, up 23.31% YoY from Rs 2,643 crore
  • Total income: Rs 3,315 crore, including Rs 56 crore other income
  • Total expenses: Rs 2,659 crore versus Rs 2,075 crore
  • India revenue: Rs 2,495 crore, up 27.17% YoY from Rs 1,962 crore
  • International revenue: Rs 764 crore, up 12.91% YoY from Rs 681 crore
  • India profit before tax: Rs 469 crore
  • International profit before tax: Rs 213 crore
  • Marico stake in Satiya Nutraceuticals/Plix: 60% fully diluted

Why this matters

By raising its fully diluted stake in Plix owner Satiya Nutraceuticals to 60%, Marico is deepening control of a high-growth nutrition and wellness platform.

What to watch

  • Sequential gross-margin and EBITDA-margin movement versus the 23.3% revenue growth rate.
  • Copra, edible-oil, crude-linked packaging and freight-price trends.
  • India volume growth versus price-led growth, particularly in Parachute, Saffola and value-added hair oils.
  • Plix revenue growth, channel expansion, profitability and the degree of consolidation-related dilution.
  • Advertising-and-promotion spending as a percentage of sales.
  • International constant-currency growth and currency translation effects.
  • Management commentary on FY26 growth guidance, pricing actions and acquisition strategy.
  • Scale Plix through Marico's general-trade, modern-trade and e-commerce network while adding wellness and nutrition adjacencies.
  • Increase brand investment in premium personal care, foods and health-focused categories to sustain India growth.
  • Use pricing, grammage and procurement actions to protect margins against copra, edible-oil and packaging volatility.
  • Pursue further minority-stake increases or bolt-on acquisitions in digital-first nutrition, beauty and wellness brands.
  • Prioritize international-market growth where currency, local demand and distributor execution can offset slower domestic category cycles.