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Marico's Q3: Growth Surges on Strong Sales, Falling Costs
2 Jan
Summary
- India business achieved high-single-digit volume growth in Q3 FY26.
- International business saw robust constant-currency growth in early twenties.
- Copra prices corrected approximately 30% from highs, aiding margins.
Marico Ltd announced a steady operating performance for the December quarter of fiscal year 2026. The company's India business exhibited high-single-digit underlying volume growth, demonstrating resilience amid stable demand trends. Simultaneously, Marico's international business maintained strong momentum, achieving robust constant-currency growth in the early twenties, with Bangladesh, Vietnam, and South Africa leading the way.
The company's consolidated revenue growth stood in the high twenties year-on-year, aligning with its full-year targets. Significant tailwinds are emerging from cost efficiencies, notably a 30% correction in copra prices from their peaks, which is expected to drive sequential improvement in gross margins. This, combined with other strategic initiatives, positions Marico for double-digit operating profit growth.
