Marico Sees Double-Digit Profit Growth in Q4 on Volume Recovery and Lower Input Costs

Marico expects double-digit year-on-year growth in operating profit for Q4 FY26, driven by a recovery in consumer demand and improving margins. Consolidated revenue is projected to grow in the low-20s percentage range, supported by strong volume performance across key brands. The recovery was led by Saffola edible oils (high single-digit growth) and Parachute coconut oil (low single-digit growth), with underlying volumes in India growing at high single-digit levels — a sequential improvement from earlier quarters. The rebound follows GST cuts in September and easing raw material prices, particularly copra, which boosted gross margins. Internationally, most markets performed well, though the Gulf region faced headwinds due to geopolitical tensions. Marico remains optimistic about FY27, expecting healthy volume-led growth domestically and margin expansion. With consumption trends gradually normalising, the company is poised for stronger performance in the coming year, backed by brand momentum and cost tailwinds.