Please find enclosed the Information Update along with an earnings presentation on the audited consolidated financial results of the Company for the quarter and financial year ended March 31, 2026.
MARICO · price
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Marico reported record FY26 revenue of ₹13,611 crore, up 26% YoY (highest in 14 years), with Q4 revenue at ₹3,333 crore, up 22% YoY. India volume growth was 8% for FY26 (7-year high) and 9% for Q4. International business delivered 20% constant currency growth in FY26 (14-year high) and 19% in Q4. EBITDA grew 14% YoY in Q4 to ₹521 crore and 9% for FY26 to ₹2,328 crore. However, EBITDA margins compressed to 17.1% in FY26 (down 265 bps) and 15.6% in Q4 (down 114 bps) due to significant input cost pressures, particularly copra prices up 57% YoY. PAT grew 11% for FY26 to ₹1,762 crore and 14% for Q4 to ₹391 crore. The board recommended a dividend of ₹4 per share. Acquisitions included Cosmix (digital-first wellness) and 4700BC (premium snacking). Over 95% of business maintained or gained market share on MAT basis.
Strong revenue momentum offset by margin compression due to input cost inflation. The 26% revenue growth is exceptional but EBITDA margin decline of 265 bps could concern investors focused on profitability. The company maintained positive earnings growth while investing in brand building, suggesting a balanced approach between growth and resilience.