Marico Q3 results: Rs 447 crore net profit, 27 per cent revenue surge

MUMBAI: Marico Limited delivered a bravura performance in the third quarter of 2026, reporting a 27 per cent year-on-year jump in consolidated revenue to Rs 3,537 crore. The FMCG giant saw its India business grow by 27 per cent, bolstered by price hikes across core portfolios to offset stubborn inflation in raw materials. International markets kept pace with 21 per cent constant currency growth, led by a sharp 29 per cent rise in Bangladesh. 

The quarter was marked by a major strategic move: on 26 January, Marico announced a definitive agreement to invest in Zea Maize, the parent company of premium gourmet snacking brand 4700BC. This follows the company’s aggressive diversification strategy, aiming to grow its food segment to eight times its 2020 revenue by 2027.

The domestic business, which pulled in Rs 2,681 crore, was buoyed by price hikes and a shift toward e-commerce and “quick commerce”. While higher input costs squeezed year-on-year gross margins, a recent dip in copra prices offered some relief. Value-added hair oils (vaho) were particularly slick, growing by 29 per cent.  

While gross margins remained under year-on-year pressure due to high input costs, the company reported a 12 per cent rise in profit after tax to Rs 447 crore. Marico managing director and chief executive Saugata Gupta, noted that the firm remains “on track” to deliver over 25 per cent revenue growth for the full year as input pressures begin to subside.