Marico sees volume growth uptick, anticipates FY26 momentum

Marico (BSE: 531642) reported a sequential uptick in underlying volume growth for Q4 FY25, driven by improving market share across key franchises. While Parachute Coconut Oil experienced transient volume sluggishness, the company anticipates a rebound as consumer pricing pressures ease. Saffola Oils registered revenue growth in the twenties, and the Value Added Hair Oils segment showed gradual improvement. The International business also performed well, delivering mid-teen constant currency growth. Overall, consolidated revenue growth moved to high-teens on a year-on-year basis, resulting in low double-digit revenue growth on a full-year basis. Despite firm input costs and continued A&P investments, Marico expects marginal operating profit growth for the quarter. The company maintains its aspiration of delivering sustainable and profitable volume-led growth over the medium term. In FY 2023-24, Marico recorded a turnover of INR 96.5 billion.