MUMBAI, NOVEMBER 02, 2026 — During trading on Monday, FMCG major Marico Limited announced its financial results for the second quarter of FY27, reporting a 31% year-on-year surge in consolidated net profit to ₹550 crore alongside a 12% rise in revenue from operations to ₹3,897 crore. Operating performance saw robust acceleration, with EBITDA climbing 27% and operating margins widening to 18.2% on the back of resilient volume growth and operating efficiencies across domestic and international markets, according to regulatory filings submitted to the BSE India and NSE.
Key Takeaways at a Glance
- Net Profit & Revenue: Consolidated PAT increased 31% YoY to ₹550 crore, while revenue expanded 12% YoY to ₹3,897 crore for Q2 FY27.
- Operating Margin Expansion: Consolidated EBITDA increased 27% YoY, lifting operating margin to 18.2% through pricing discipline and input cost management.
- Growth Guidance: Corporate management maintained an outlook targeting double-digit consolidated revenue growth over the remainder of FY27.
Marico Earnings Schedule & Filing Timeline
Marico finalized and uploaded its un-audited consolidated financial statements for the quarter ended September 30, 2026, following formal approval from the company’s Board of Directors. Investors tracking corporate actions across our Indian market indices dashboard can review the confirmed calendar milestones below:
| Event / Corporate Milestone | Exact Calendar Date |
|---|---|
| Q2 FY27 Financial Results Approved by Board | November 02, 2026 |
| Quarterly Filing Submission (BSE & NSE) | November 02, 2026 |
| Q2 Earnings Investor & Analyst Call | November 02, 2026 |
Q2 FY27 Financial Metrics & Operational Performance
The consumer goods manufacturer experienced broad-based stability across its primary domestic categories as well as key international markets. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization—a core measure of core operational profitability excluding financing costs) grew at more than double the pace of top-line revenue, showing strong operating leverage.
| Financial Metric | Q2 FY27 Print | YoY Growth (%) |
|---|---|---|
| Revenue from Operations | ₹3,897 Crore | +12% |
| Net Profit (PAT) | ₹550 Crore | +31% |
| EBITDA Growth | — | +27% |
| EBITDA Margin | 18.2% | — |
Operational Drivers: Volume Uptick and Margin Resilience
According to corporate filings reviewed on Moneycontrol and BSE, Marico’s earnings expansion was supported by a combination of resilient rural demand trends and steady urban consumption across branded hair oils, edible oils, and personal care portfolios. Gross margin improvements flowed directly through to operating profit as structural overhead costs remained contained.
In its commentary, management signaled that it expects consolidated revenue to compound in double digits over the remainder of FY27, backed by aggressive distribution reach and continued scaling of premium digital-first brands. Market participants monitoring FMCG capital allocation and primary issues on our recent IPO listing performance tracker will note that consumer staples businesses are commanding heightened scrutiny regarding sustained volume recovery versus pricing-led revenue growth.
Balanced Investor Framework: triggers vs. Downside Risks
Growth triggers
- Strong Operational Leverage: EBITDA growth of 27% outpacing 12% revenue growth underscores healthy pricing power and cost discipline, pushing margins to 18.2%.
- Management Guidance: Explicit management projection of double-digit revenue expansion across FY27 provides forward earnings visibility.
- Bottom-Line Acceleration: Net profit reaching ₹550 crore reflects a 31% YoY expansion, building strong cash flow generation for reinvestment.
Key Downside Risks
- Raw Material Price Volatility: Fluctuations in agricultural commodity prices, including copra and vegetable oil derivatives, remain a primary risk to gross margin stability.
- Competitive Intensity: Elevated regional competition in mass-market hair oil and food categories could pressure promotional spends.
- Currency & Global Market Exposure: Emerging market currencies in international markets could introduce currency translation headwinds.
What to check before investing
- Review the underlying volume growth breakdown between rural and urban market channels in the full investor presentation.
- Examine raw material input cost trends, particularly copra and vegetable oil benchmarks, which drive gross margin volatility.
- Assess valuation multiples including price-to-earnings (P/E) relative to historical 5-year averages and sector peers.
- Check management commentary regarding international business performance and foreign currency exposure.
Frequently Asked Questions
What were Marico’s key financial numbers for Q2 FY27?
For the quarter ended September 30, 2026, Marico reported a consolidated net profit of ₹550 crore, marking a 31% YoY increase. Revenue from operations expanded 12% YoY to ₹3,897 crore, with EBITDA rising 27% and operating margins reaching 18.2%.
What growth outlook did Marico management provide for FY27?
Company management announced that it expects consolidated revenue to deliver double-digit growth over the full fiscal year 2027. This expectation is supported by distribution expansion and continued volume traction across domestic and overseas operations.
What are the primary operational risks facing Marico?
The primary risks include price swings in core input commodities like copra and vegetable oils, heightened promotional competition in mass personal care segments, and foreign exchange volatility across its key overseas geographies.
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Sources referenced: BSE India filings, NSE India disclosures, Moneycontrol, The Economic Times.
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