Marico raised its FY27 Ebitda growth guidance to the mid-20% range from an earlier projection of roughly 20%. The firm expects consolidated revenue to surpass ₹15,000 crore from ₹13,611 crore in FY26, alongside double-digit volume expansion in India. Supported by this accelerated pace, the consumer goods company moved its ₹20,000 crore revenue target forward from FY30 to FY29. Momentum will be aided by Project SETU and improving international operations in regions like Vietnam, South Africa, and Bangladesh.
Key points
Consolidated financial projections point toward double-digit domestic volume growth and r…: Consolidated financial projections point toward double-digit domestic volume growth and revenue expansion in the teens.
Annual revenue is projected to exceed ₹15,000 crore following expected FY26 sales of ₹13,…: Annual revenue is projected to exceed ₹15,000 crore following expected FY26 sales of ₹13,611 crore.
International business momentum is strengthening through gains in South Africa, Vietnam,…: International business momentum is strengthening through gains in South Africa, Vietnam, the Middle East, and Bangladesh.
Project SETU is expected to support growth by expanding Marico's direct retail reach and rural penetration, which will likely add 1-2% to annual volume growth. Improving performance in key overseas markets such as Vietnam, the Middle East and South Africa, along with a gradual recovery in Bangladesh, is likely to further strengthen growth momentum.
The company expects to deliver double-digit volume growth in India and revenue growth in teens at the consolidated level, with annual revenue likely to surpass ₹15,000 crore from ₹13,611 crore in FY26. Marico has advanced its ₹20,000 crore revenue goal by a year to FY29 instead of FY30. The improved growth outlook has led the company to raise its FY27 Ebitda growth guidance to the mid-20% range from around 20% earlier.
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