Stock to Watch: Harsh Mariwala-Owned Company Rises 2%, Expects Margin Improvement and Shares FY27 Outlook

The fast-moving consumer goods sector saw stable demand during the quarter ended March 31, 2026. Consumption trends remained steady, with Marico Ltd expecting a gradual improvement in the coming quarters. Rural demand showed early signs of recovery, while urban demand continued to hold. The company further added that it is closely tracking the geopolitical situation in the Middle East.

Against this backdrop, Marico Ltd reported a steady performance for the quarter.

The India business posted high single-digit underlying volume growth, with a slight sequential improvement. The Parachute franchise remained stable. The brand took selective pricing actions as copra prices eased. It reported low single-digit volume growth after adjusting for pack size changes. The company expects a gradual pickup in growth in FY27.

Saffola Oils recorded high single-digit revenue growth, supported by improving volumes. The Value-Added Hair Oils segment reported growth in the twenties. The company expects this segment to deliver double-digit growth in FY27, supported by a focus on mid and premium categories, wider reach through Project SETU and new product launches. The foods segment reported high teens growth. Premium personal care, including digital-first brands, continued to scale up and supported diversification.

The international business delivered high-teens constant currency growth. Most markets performed well. The Gulf region saw some impact due to geopolitical developments in March.

At the consolidated level, revenue grew in the low twenties per cent year-on-year. This helped the company achieve its full-year target of mid-twenties growth. Growth was supported by strong volumes, recovery in value-added hair oils and steady performance in international markets.

On costs, copra prices corrected about 35 per cent from the peak and are expected to remain rangebound. However, vegetable oils and crude-linked inputs remain firm. The company said it will continue to use pricing to manage these pressures.

Margins are expected to improve sequentially, supported by lower copra costs. The company continued to invest in brands during the quarter.

Looking ahead, the company expects steady improvement in volume growth. It remains focused on expanding its premium portfolio, improving distribution and driving innovation. It expects healthy volume-led revenue growth in FY27, along with double-digit growth in operating profit.

About Marico Ltd

Marico is one of India’s leading consumer products companies operating in the global beauty and wellness categories. Marico touches the lives of 1 out of every 3 Indians, through its portfolio of brands such as Parachute, Saffola, Hair & Care, Parachute Advansed, Nihar Naturals, Mediker, Pure Sense, Coco Soul, Revive, Set Wet, Livon, Beardo, Just Herbs, True Elements, Plix, Cosmix and 4700BC.

Marico Ltd Share Price Performance

Marico Ltd’s share price closed at Rs 761.35, up Rs 16.85, which translates to a gain of 2.26 per cent. During the Intraday session, the share price opened at Rs 744.50. The share soared to a day’s high of Rs 767.55 and made a low of 728.95.

The year-to-date performance of the company stands at negative 0.04 per cent. In the past year, the share has delivered a return of 15.80 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.