Marico Q2 FY27: India business volume growth in double digits

Marico Ltd provided an update on its operating performance and demand trends for the quarter ended September 30, 2026. The India business showed strong momentum with underlying volume growth in double digits. Parachute Coconut Oil saw early teens volume growth, while Saffola Oils experienced mid-single digit price-led growth with volume decline due to profitability focus. Value Added Hair Oils achieved its sixth consecutive quarter of growth in the twenties. The Foods and Premium Personal Care segments sustained growth, aligning with diversification goals. International business delivered strong constant currency growth in the teens, driven by Vietnam, the Middle East, and South Africa. Consolidated revenue is expected to grow in double digits. Gross margin is anticipated to accelerate year-on-year due to a favorable mix and copra prices. Operating profit is projected to grow in the mid-twenties. The company expects to surpass near-term guidance across key financial parameters.