The company's September quarter performance was anchored by an operating margin surge to 18.2% after key raw material costs dropped 35% from their peak. Strong momentum in international markets like Vietnam and domestic gains in hair oils helped offset high single-digit volume declines in the Saffola portfolio. Taking advantage of the cost relief, management increased advertising and promotion spending by 44% to a decade-high ₹451 crore. Despite raising full-year profit guidance, consolidated revenue failed to meet analyst projections amid potential inflation in vegetable oils and crude derivatives.
Key points
Management advanced its target of reaching ₹20,000 crore in revenue by one year to fiscal…: Management advanced its target of reaching ₹20,000 crore in revenue by one year to fiscal year 2029.
Substantial price cuts on flagship products created a major divergence between double-dig…: Substantial price cuts on flagship products created a major divergence between double-digit volume growth and low value growth.
Sustained future performance remains vulnerable to inflation in crude-linked inputs along…: Sustained future performance remains vulnerable to inflation in crude-linked inputs alongside regional geopolitical tensions.
Sources checked by our analysis pipeline: 1
Marico’s investors have reason to change their mind after the September quarter (Q2FY27) earnings announced post-market hours on Monday. The stock gained about 8% on Tuesday. Recall that the stock had slumped 9% after its Q1 results.
The turnaround in sentiment has come on the back of market-share gains and a sharp recovery in profitability, with consolidated Ebitda growing 27% year-on-year, the fastest growth in 50 quarters, as per Marico. The Ebitda margin expanded 200 basis points (bps) to 18.2%, benefiting from softening of copra prices year-on-year.
But with revenue missing estimates and commodity prices remaining a wild card, the question is whether this optimism can last. Consolidated revenue grew 13% year-on-year in Q2, while net profit rose faster at 31% to ₹550 crore. India underlying volume growth stood at 10% and revenue growth was 9%, reflecting healthy demand and improving distribution.
More than 95% of the portfolio gained or sustained market share and penetration on a moving annual total basis. Traditional and organized trade grew in double-digits, while quick commerce gained momentum, making up for the uneven growth reported…
Renowned economist Jeffrey Sachs has underscored the pivotal developmental footprint of the multinational conglomerate within the South Asian nation. He pointed to the business group's massive operations as a critical catalyst for national transformation and widespread socioeconomic advancement. These observations emphasize the expanding role large private infrastructure enterprises play in shaping modern economic trajectories.
The French energy major has finalized an agreement covering the supply of liquefied natural gas with the Abu Dhabi-based producer. This medium-term arrangement establishes commercial deliveries between the two companies over a multi-year timeframe. The collaboration reflects ongoing corporate efforts to maintain stable international energy supply chains.
Sustained operational demand across the carrier's network supported an expansion in customer volume during the early autumn period. The low-cost airline benefited from higher capacity deployment compared to the prior-year period. This upward momentum reflects continuing passenger interest across regional routes.