Please find enclosed an update on the operating performance and demand trends witnessed during the quarter ended March 31, 2026.
MARICO · price
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Marico delivered a strong Q4 with consolidated revenue growth in low twenties YoY, meeting its full-year aspiration of mid-twenties growth. The India business sustained high single-digit volume growth with notable recovery in Value Added Hair Oils (VAHO) growing in the twenties. Parachute showed resilience with low single-digit volume growth despite taking selective pricing actions. Saffola Oils posted high single-digit revenue growth while Foods recorded high teens value growth. Premium Personal Care continued scaling ahead of expectations. International business maintained high teens constant currency growth despite headwinds in the Gulf region. Copra prices corrected 35% from peak and are expected to remain rangebound, which should improve gross margins sequentially. The company expects double-digit operating profit growth for the quarter.
The quarterly update reflects healthy volume-led growth and margin recovery prospects driven by easing input costs. The strong performance across portfolio segments and international markets supports the company's confidence in delivering continued growth in FY27.