Marico Q1 FY27: India business accelerates, consolidated revenue up early twenties

Marico Ltd provided an update on its operating performance and demand trends for the quarter ended June 30, 2026 (Q1 FY27). The company expects consolidated revenue to grow in the early twenties, driven by strong performance across its core, digital, and international businesses. The India business showed accelerated growth with double-digit underlying volume growth, its highest in several quarters. Parachute Coconut Oil achieved double-digit volume growth, while Saffola Oils saw mid-single digit price-led revenue growth with volume decline due to supply rationalization. Value Added Hair Oils grew revenues in the twenties. The international business posted mid-teens constant currency growth. Gross margin is expected to improve sequentially due to a significant correction in copra prices. Investments in brand building accelerated, and the company anticipates strong operating profit growth. Marico remains confident in achieving its full-year aspirations.