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Marico posts steady Q3FY26 performance

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Marico posts steady Q3FY26 performance
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Athira Sethu

Kochi, 28 Jan 2026

Marico Ltd, a leading homegrown FMCG company, reported a strong performance for the December quarter of FY26, with a 13.3% increase in consolidated profit to Rs 460 crore. This growth was driven by high single-digit volume growth in the Indian market. Consolidated revenue from operations surged 26.6% to Rs 3,537 crore, primarily fueled by robust domestic and international market performances. The company’s underlying volume growth in India was 8%, while its international business experienced a constant currency growth of 21%. Despite a rise in expenses and a dip in EBITDA margin, Marico remains optimistic about future consumption trends, especially with expectations of further stimulus from the Union Budget. 

Key Financial MetricQ3 FY26Q3 FY25YoY Growth
Consolidated ProfitRs 460 croreRs 406 crore13.3%
Consolidated RevenueRs 3,537 croreRs 2,794 crore26.6%
India RevenueRs 2,681 croreRs 2,100 crore27.6%
International RevenueRs 856 croreRs 692 crore23.5%
EBITDARs 577 croreRs 520 crore11%
EBITDA Margin16.7%19.4%-234 bps
Total ExpensesRs 3,009 croreRs 2,318 crore29.8%
Advertising & Promotion SpendRs 130 croreRs 113 crore15%

Domestic Market Performance

MetricQ3 FY26
Volume Growth8%
Core Portfolio PricingIncreased
Offtake Growth>95% gaining or sustaining market share
Revenue from Traditional TradeImproved
Revenue from E-CommerceContinued growth
Revenue from Quick CommerceContinued growth

International Market Performance

RegionConstant Currency GrowthKey Market Performance
VietnamDouble-digit growthStrong rebound
South AfricaDouble-digit growthStrong rebound
Other MarketsBroad-based double-digit growth–

Cost & Margin Performance

Cost FactorQ3 FY26Q3 FY25YoY Change
Gross MarginImproved by 90 bps (sequentially)–-595 bps YoY
Copra PricesEased––

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