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Marico Q2 Results: Net profit jumps 31% YoY to Rs 550 crore, revenue rises 12%

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In short

The company's earnings before interest, taxes, depreciation and amortisation climbed 27% to Rs 709 crore, with operating margins expanding to 18.2%. Operational success was anchored by domestic volume growth of 10%, highlighted by Parachute Rigids securing a 60% market share via its strongest volume increase in 22 quarters. International markets also provided consistent support, driven by robust double-digit sales across Southeast Asia, Africa, and the Middle East. Additionally, the digital-first brand portfolio demonstrated strong traction by reaching an annualised revenue run rate of approximately Rs 1,150 crore.

Key points

  • Gross margins gained 600 basis points as softer copra prices and an advantageous portfoli…: Gross margins gained 600 basis points as softer copra prices and an advantageous portfolio mix mitigated heavier brand investments.
  • International operations generated a 13% constant currency increase, led by Vietnam surgi…: International operations generated a 13% constant currency increase, led by Vietnam surging 22% alongside solid gains across the MENA region and South Africa.
  • Domestic sales were broadly distributed across retail formats, with traditional trade, or…: Domestic sales were broadly distributed across retail formats, with traditional trade, organised retail, and quick commerce driving a 10% underlying volume expansion.

Sources checked by our analysis pipeline: 1

Revenue from operations rose 12% YoY to Rs 3,897 crore during the quarter, compared with Rs 3,450 crore in the corresponding period of the previous financial year.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 27% YoY to Rs 709 crore, against Rs 560 crore in the year-ago quarter. EBITDA margin expanded 200 basis points to 18.2% from 16.2% in Q2FY26.

The company's India business recorded 10% underlying volume growth, while its international business reported 13% constant currency growth (CCG).

India revenue increased 10% YoY to Rs 2,916 crore, supported by growth across core franchises and the scale-up of newer businesses. The company said more than 95% of its business gained or sustained market share and penetration on a moving annual total (MAT) basis.

Traditional and organised trade recorded double-digit growth, while quick commerce continued to accelerate.

Marico's gross margin expanded approximately 600 basis points year-on-year, supported by moderation in copra prices and a favourable portfolio mix. Advertising and promotion (A&P) expenditure increased 44% as the company continued to invest in its brands and growth initiatives.

The expansion in…

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