Marico Ltd Q2FY27 Result Fundamental Outlook

Marico Ltd reported a strong performance in Q2FY27, with consolidated net profit increasing 31% YoY to ₹550 crore, supported by robust operating margins, healthy volume growth and improving business momentum across domestic and international markets. Revenue grew 13% YoY to ₹3,897 crore, while PBIDT increased 25.1% to ₹762 crore, indicating improved operating profitability and strong execution. The India business delivered 10% volume growth, driven by sustained performance in its core franchise and continued scale-up of emerging businesses. Traditional and organised trade channels registered double-digit growth, while quick commerce witnessed accelerated momentum, reflecting improving consumer reach and distribution strength. International business reported 13% constant currency growth (CCG) and 23% growth in INR terms. Vietnam remained a key growth contributor with 22% CCG, followed by MENA at 15%, South Africa at 15% and NCD & Exports at 17%. Bangladesh reported 5% CCG amid persistent inflationary pressures and subdued consumer demand, although management expects gradual improvement in subsequent quarters. Management remains optimistic about sustaining growth momentum, supported by investments in brands, people and business capabilities. Additionally, Marico appointed former Hindustan Unilever MD & CEO Rohit Jawa as an Independent Director for a five-year term from January 2027 to December 2031. Overall, strong domestic volume growth, margin expansion and diversified international performance position Marico favourably for sustained business growth. Please Read Disclaimer & Disclosure Carefully:***** See another version