Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, copy of transcript of the earnings conference call held on Friday, May 2, 2025 on the audited financial results and operations of the Company for the quarter and financial year ended March 31, 2025, is enclosed.The said transcript is also available on the website of the Company.
MARICO · price
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Awaiting price reaction for this filing.
Marico filed the transcript of its Q4 FY25 earnings call held on May 2, 2025. The company crossed the ₹10,000 crore revenue milestone with double-digit consolidated growth, though operating margin ended just shy of 20%. Foods business delivered 44% YoY growth in Q4 and 30%+ in FY25, crossing ₹900 crore annually, while the Digital-first portfolio exited at ₹750 crore ARR with an upgraded FY27 target of 2.5x of FY24 ARR. A&P spends rose 35% in Q4 and 18% for FY25. Management guided for double-digit revenue and operating profit growth in FY26, but flagged margin pressure for the next 1-2 quarters due to firm copra prices, with improvement expected from end of Q2 FY26.
The transcript gives investors clear visibility into FY26 priorities, with candid acknowledgment of near-term margin headwinds balanced against long-term diversification momentum in Foods and Digital-first businesses. The guidance is largely in line with expectations, and the stock reaction will likely hinge on copra price trajectory and execution on the upgraded Digital-first ARR target.