
However, the macroeconomic impact of the evolving geopolitical situation in the Middle East remains a key monitorable.
The India business delivered high single-digit underlying volume growth, with a slight sequential improvement. Parachute continued to show resilience, supported by selective price cuts to pass on the benefit of easing copra prices.
The brand posted low single-digit volume growth after adjusting for ml-age reductions, with a gradual recovery expected through FY27.
Saffola Oils reported high single-digit revenue growth, aided by improving volumes. Value Added Hair Oils (VAHO) delivered another strong quarter, growing in the twenties and reinforcing sustained traction.
The company remains confident of delivering double-digit growth in this segment in FY27 and over the medium term, driven by a sharper focus on mid and premium segments, expanded direct reach via Project SETU, continued innovation, and improved affordability following GST rationalisation.
The foods portfolio posted high-teen value growth, signalling a move towards faster scale-up. Premium Personal Care, including digital-first brands, continued to outperform, supporting Marico’s diversification strategy.
The international business maintained strong momentum, with constant currency growth in the high teens. Most markets performed well, although the Gulf region was impacted by geopolitical headwinds during March.
On a consolidated basis, revenue grew in the low twenties year-on-year, helping the company achieve its full-year aspiration of mid-twenties growth.
This was supported by strong volume growth, recovery in VAHO, pricing power in core categories, progress in diversification, and sustained international momentum. Marico expects to maintain healthy, volume-led growth in FY27.
On the input cost front, copra prices have corrected about 35% from their peak and are expected to remain range-bound. However, vegetable oils and crude-linked inputs are showing an upward bias.
The company said it will continue to use pricing actions to manage cost pressures while ensuring supply stability.
Marico expects a sequential improvement in gross margins, aided by softer copra prices. It continues to invest in brand building to strengthen core franchises and accelerate diversification.
The company expects double-digit operating profit growth for the quarter, with sequential improvement, and reiterated its focus on delivering sustainable, profitable, volume-led growth over the medium term.