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Marico Ltd

Q1 FY27

Marico Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management guided on revenue, margins and order book.

Price₹785

Market cap₹1.0L Cr

P/E54.1

Updated16 Oct 2026

Read4 min read

What the Q1 FY27 call signalled

2 of 3 strong

RevenueModerate growth

MarginMargins slightly up

CapexCapex planned

The short version

India business: Expected to deliver high single-digit volume growth; aiming for another double-digit volume growth quarter in the next 3 quarters. Marico aims to cross INR 15,000 crore in revenue for FY27.

From Marico Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Moderate growth

India business: Expected to deliver high single-digit volume growth; aiming for another double-digit volume growth quarter in the next 3 quarters.
International business: Anticipated mid-teens constant currency growth.
Foods portfolio: Strong growth with 43% reported, core Saffola Foods aiming for mid-single-digit volume growth and pivoting more towards food products, which may become the larger part of the portfolio in a few years.
Premium Personal Care: Scaling well, with shampoos category targeting near INR100 crores revenue this year.
Digital-first portfolio (Beardo, Plix): Continued strong growth with focus on profitable growth and responsible scaling.
VAHO segment: Confident to maintain and possibly grow high-teen volume and value growth.

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Profitability & Margins

Marico aims to cross INR 15,000 crore in revenue for FY27.
The company targets 20% EBITDA growth for the full year, aspiring to hit this high-growth mark.
Full-year EBITDA margin expansion is expected around 140 to 150 basis points compared to last year.
India business forecasts high single-digit volume growth, while international business targets mid-teens constant currency growth.
Long-term vision (Vision 2030) envisions INR 20,000 crore revenues with mid-teens EBITDA CAGR.
High-teens EBITDA growth is base guidance, with ambitions to deliver double-digit EBITDA margin expansion.
Profit after tax has been compounding at 17% over the last two years.

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Capital Expenditure Plans

Capex planned

Marico Limited is investing in expanding growth engines by strengthening core categories and wider portfolio participation across consumer cohorts, formats, and channels.
The company is actively driving a Go-To-Market (GTM) transformation via Project SETU in India and Vietnam to enhance distribution and execution capabilities.
Investments are being made behind technology, including AI analytics and automation, to improve decision-making, visibility, and operational discipline.
Significant investment continues in advertising and promotion (A&P), with a 25% growth in A&P in the recent quarter, supporting both core and new products like shampoo.

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Fundraising & Capital Structure

The document does not mention any current or planned fundraising through debt or equity.
There is no indication of new capital raising or funding initiatives in the recent commentary or Q&A.
The focus highlighted is on profitable growth, disciplined execution, and leveraging existing resources.

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Order Book & Pipeline

The provided pages from the Marico Limited August 04, 2026 earnings conference call transcript do not contain any specific information regarding the current or expected order book or pending orders. The discussion mainly revolves around: - Financial performance and growth outlook - Volume growth and market share - Supply chain and pricing strategies - Channel performance including general trade, modern trade, and quick commerce - Segment performance such as personal care, foods, and digital brands

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Marico Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024Q3 FY25

Mar 2025Q4 FY25

Jun 2025Q1 FY26

Sep 2025Q2 FY26

Dec 2025Q3 FY26

Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹3.3K Cr, net profit ₹408 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What Marico Ltd's management said in earlier quarters

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FY26 revenue grew 43% to INR 51 crore from INR 35 crore in FY25, driven by better capacity utilization and portfolio diversification. Key concall takeaways…
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Frequently Asked Questions

What were Marico Ltd Q1 FY27 results?

India business: Expected to deliver high single-digit volume growth; aiming for another double-digit volume growth quarter in the next 3 quarters. Marico aims to cross INR 15,000 crore in revenue for FY27.

What is Marico Ltd share price analysis?

Marico Ltd currently shows a below-average growth signal. The stock trades at a P/E of 54.1 with a market cap of ₹102,066 Cr. Investors should review the full earnings analysis for detailed insights.

Is Marico Ltd planning capital expenditure?

Marico Limited is investing in expanding growth engines by strengthening core categories and wider portfolio participation across consumer cohorts, formats, and channels.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.