Marico Q1 profit rises 25% as revenue nears ₹4,000 crore

Marico reported Q1FY27 net profit of ₹630 crore, up 25% year on year, while revenue grew 22.9% to ₹3,957 crore. Domestic volumes rose 11%, with higher ad spending supporting its push towards ₹15,000 crore-plus FY27 revenue.

— Source publishedTue, 4 Aug, 2026, 18:56 IST·First seen Tue, 4 Aug, 2026, 19:26 IST·Source Financial Express · BrandWagon

What happened

Marico’s Q1FY27 profit rose 25% to Rs 630 crore and revenue increased 22.9% to Rs 3,957 crore, aided by 11% domestic volume growth. It is increasing brand

Key facts

  • Q1FY27 net profit: Rs 630 crore, up 25% YoY
  • Q1FY27 revenue: Rs 3,957 crore, up 22.9% YoY
  • Q1FY27 EBITDA: Rs 819 crore, up 25% YoY
  • EBITDA margin: 20.7%, up 40 basis points
  • India business growth: 21% YoY
  • Domestic volume growth: 11%
  • Advertisement and promotional spending: up 25%
  • FY27 revenue target: over Rs 15,000 crore
  • Premium personal care and foods target: 27% of India revenue by FY27; 33% by FY30

Why this matters

Marico’s accelerating scale and domestic volume traction strengthen its capacity to pursue category expansion and selectively acquire or partner in adjacencies that deepen its FMCG portfolio.

What to watch

  • Whether domestic volume growth stays near or above 10% through the next two quarters.
  • Sequential gross-margin and EBITDA-margin movement after increased advertising spending.
  • Copra, edible-oil, packaging and foreign-exchange trends, and management commentary on price hikes.
  • Growth contribution from foods, premium personal care, digital-first brands and international markets versus core portfolios.
  • Progress against the ₹15,000 crore-plus FY27 revenue target, including distribution additions and new launches.
  • Rural demand trends and competitive advertising intensity from large FMCG peers.
  • Maintain elevated advertising and promotional investment to convert current volume momentum into repeat consumption.
  • Accelerate distribution expansion and innovation in foods, premium personal care and digitally native brands to diversify beyond core coconut-oil dependence.
  • Use stronger cash generation to selectively fund acquisitions, capability building or capacity expansion rather than prioritising margin maximisation.
  • Calibrate price-pack architecture, especially in value packs and rural channels, if commodity costs rise further.