MARICO LIMITED

Marico Limited's earnings conference call on August 4, 2026, highlighted a strong start to the fiscal year, with consolidated revenue growth of 23% and EBITDA and PAT growth of 25%, marking the highest profit growth in 28 quarters. Management noted that the India business achieved 11% volume growth and 21% revenue growth, driven by core business momentum and new growth engines. Over 96% of the business gained or sustained market share. The company reported a gross margin expansion of 30 basis points year-on-year, supported by lower copra prices. Management emphasized the importance of strategic investments in brand equity and innovation, particularly in the premium and digital segments. The international business also performed well, with a 15% constant currency growth, particularly in Vietnam and MENA. Management set a goal of achieving double-digit revenue growth to exceed INR 15,000 crores and aimed for high-teens EBITDA growth for the year.

Management emphasized strong performance and growth across various segments.