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MARICO
Marico is currently one of the stronger FMCG growth stories, with Q1 FY27 showing a major acceleration in both volume and profitability.
🟢 Q1 FY27 highlights
Revenue: ₹3,957 crore, +23% YoY
EBITDA: +25%
PAT: +25% to about ₹630 crore
India volume growth: 11%, the highest in 20 quarters
International business: 15% constant-currency growth
EBITDA margin improved to 20.7%.
The quality of growth is particularly encouraging because volume growth is driving the topline, rather than growth coming mainly from price increases.
🚀 Major growth triggers
1. Parachute + Value Added Hair Oils:
Parachute Rigids delivered 10% volume growth, while Value-Added Hair Oils grew 22% in value. Parachute also reached a record 59% volume market share.
2. Foods is becoming a major growth engine:
Marico's Foods portfolio grew 43% YoY, crossing a ₹1,300+ crore annualised revenue run-rate. Saffola Foods, oats, muesli and soya chunks are key contributors.#FundamentalViews
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