MARICO

o Q1 Expectations FY26: Parachute maker expects modest operating profit growth in first quarter

Marico Q1 Update : Homegrown FMCG firm Marico Ltd is expecting a modest growth in operating profit on a year-on-year basis in the first quarter of fiscal 2026. "Underlying volume growth in the India business continued to improve sequentially to reach a multi-quarter high, driven by positive trends in the core franchises and continuous scale up of new businesses," Marico said in an exchange filing today, July 3. Meanwhile, Parachute witnessed a marginal dip in volumes in the unprecedented hyperinflationary input cost and pricing conditions. "The brand's resilience, reflected in its pricing inelasticity and enduring equity, was evident in its ability to absorb substantial price hikes and ml-age reductions, including a notable increase in June 2025, with minimal impact on volumes," the company mentioned in exchange filing.