Marico Q2 FY27 update: double-digit volume growth, set to beat guidance
MARICO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Marico's Q2 FY27 update shows India business delivering double-digit volume growth. Parachute Coconut Oil grew in early teens, Value Added Hair Oils touched 20%+ for 6th straight quarter. Saffola had mid-single digit price-led growth but volumes declined. International business grew in teens (constant currency) led by Vietnam, Middle East, South Africa. Consolidated revenue expected in double digits. Copra 35% below peak, aiding gross margin. Operating profit seen growing mid-twenties. Company says it is likely to surpass near-term guidance.
Positive. Likely to beat guidance with strong volume growth and margin expansion, though Saffola volumes remain a watchpoint.